Wednesday, July 20, 2011

Barnes & Noble rebuilds for a digital future

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July 20, 2011News for the retail industry

  Industry Watch 
 
  • How will Borders closing affect retail, publishing?
    Although the liquidation and closing of Borders is likely to help Barnes & Noble's retail business, the end of the bricks-and-mortar chain will probably have a greater affect on the burgeoning e-book segment, according to this article. However, Michael Norris, an analyst with Simba Information, believes losing the Borders locations could hurt e-book sales because bookstores are "a tremendous vehicle for e-book discovery." Houston Chronicle/The Associated Press (7/19) LinkedInFacebookTwitterEmail this Story
  • Barnes & Noble rebuilds for a digital future
    Barnes & Noble uses its 705 brick-and-mortar stores to introduce consumers to its Nook e-reader, but the chain has been steadily redirecting its resources as it reinvents itself as a seller of e-books and digital content. "It's a balancing act, because bookstores are needed to generate excitement even though the final transaction may be digital," said consultant Lorraine Shanley. The Wall Street Journal (tiered subscription model) (7/20) LinkedInFacebookTwitterEmail this Story
  • Luxury designers help HSN gain cachet
    A growing number of upscale designers including Jonathan Adler and Badgley Mischka have turned to HSN in recent years to gain a broader audience for their creations, a trend that has given home-shopping new credibility and cachet. "The recession may be the best thing that happened to the home shopping networks because designers needed new outlets to offer more affordable prices," said Jack Plunkett, CEO of Plunkett Research. CNNMoney.com (7/19) LinkedInFacebookTwitterEmail this Story
  • Other News
Turning Online Shopper Uncertainty into a New Source of Sales and Profits. Eliminating consumer uncertainty is a challenge for all online merchants. The question is, how can you address shoppers' concerns and increase sales and profits in the process? Download the buySAFE white paper to learn more NOW!
  Retail trends 
 
  • High-end comfort shoes make a comeback
    New designers are debuting upscale-but-comfortable shoes and boots for fall, including actress Yeardley Smith who will debut her first line of Marchez Vous YS brand footwear. Retailers are optimistic about the prospects for sales, despite price tags that can top $400 -- it's a category that took a hit during the downturn but is coming back strongly now, said Benjamin Lovell Shoes COO John Holden. Women's Wear Daily (subscription required) (7/18) LinkedInFacebookTwitterEmail this Story
  • Less-predictable sales cycles can mean bargain prices
    Seasonal rules that condition consumers to look for sales on certain things at specific times of the year have always varied at the store level as individual merchants operate on their own timetables, and the popularity of daily deal sites have made traditional cycles even less predictable. Still, there are some rules of thumb, including a summer surge in home decor deals. "There's a lot of purchasing for summer brides in the month of July. Bridal is a fundamental building block of the home business," said NRF Vice President Daniel Butler. The Atlanta Journal-Constitution (7/19) LinkedInFacebookTwitterEmail this Story
White Paper: The Sustainability Advantage in CPG — Accelerating Success with Eco-Design. Learn how CPG manufacturers, private label providers and retailers can gain valuable time and a competitive edge by developing and executing a cohesive sustainability strategy across the enterprise, leveraging PLM. Download it now.
  Policy & Government Affairs 
 
  • NRF supports approval of 3 proposed free-trade agreements
    Two Senate committees approved drafts of free-trade agreements with Colombia, South Korea and Panama last week, and the agreements are expected to be submitted for Congressional approval soon. Retailers support the agreements, which they say will create much-need jobs in the U.S. "Congress needs to complete work on this legislation and allow these agreements to take effect as soon as possible to let our business and workers begin to benefit from their provisions," said NRF President and CEO Matthew Shay. Textile World online (7/19) LinkedInFacebookTwitterEmail this Story
As eCommerce has grown to represent a significant percentage of retail sales and profits, merchants should consider payment strategies that can enhance their online services, open new markets and protect the bottom line. Download this free white paper to learn more.
  Sponsored Content 
 

  NRF News 
  • "Serial motivator" John Kao to speak at NRFtech 2011
    He's been dubbed "Mr. Creativity" and "serial motivator" by The Economist. John Kao, a trusted adviser to Nike, Intel and BASF, will discuss his practical and pragmatic approach to "getting innovation done" at this year's NRFtech in Lake Tahoe, Nev. Kao will also share his insights on innovation, organizational transformation and emerging technologies. Learn more. LinkedInFacebookTwitterEmail this Story
  • NRF SmartStat: July 20, 2011
    Apple Stores climbed more than 30 spots on this year's Top 100 Retailers list -- from No. 52 to No. 21 -- with 2010 U.S. sales increasing 32.3% to $18 billion. Source: STORES 2011 Top 100. LinkedInFacebookTwitterEmail this Story
 
  • Want to grow online sales? Use video, says Golfsmith executive
    If a picture is worth a thousand words, guess how much a video is worth? According to Jamey Maki, director of e-commerce and online experience for Golfsmith International, one minute of video is the equivalent to 1.8 million words of copy. At last week's Shop.org Online Merchandising Workshop, Maki shared how Golfsmith's conversion rate has benefitted from video marketing. Read the recap. LinkedInFacebookTwitterEmail this Story
Learn more about NRF ->Join NRF  |  Govt Relations  |  NRF Events  |  STORES  |  NRF Foundation

  Chain Restaurant News 
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  SmartQuote 
An ounce of performance is worth a pound of promises."
--Mae West,
American actress


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