  | August 18, 2011 | News for the retail industry |  |  | |
- Chico's to pay $205 million for Boston Proper
Chico's FAS has sealed a deal to acquire online and catalog apparel retailer Boston Proper for $205 million, in an all-cash deal slated to close next month. The move aims to help Chico's capture more of the misses market, women 45 and older who typically have more to spend on apparel than their younger counterparts, this story says. Women's Wear Daily (subscription required) (8/17)      - Saks sees "substantial growth" in private label
Saks Fifth Avenue is betting that the popularity of its private-label apparel lines for men will spread to women's apparel when it launches new looks for the office this fall and adds casual pieces later this year. "We feel very good about the progress that we've made in men's. The women's category is very complex. This is going to [develop] over a period of time," said chairman and CEO Stephen Sadove. Women's Wear Daily (subscription required) (8/17) - Walgreen launches private brand Nice!
Walgreen is introducing Nice!, a store brand for more than 400 food and paper products that has been in development for two years. "We want to treat it like a national brand, like the Krafts of the world do with their brands," said Maurice Alkemade, who created Nice! and set a goal of making it a billion-dollar-a-year brand. Chicago Tribune (8/18)  | |  | | | Customer Centricity in Retail
With today’s pressures, it can be difficult to keep customers’ interests front-and-center. Yet, this is exactly what they demand from us. Download "Balanced Centricity: Delivering on the customer-centric philosophy" white paper to learn how a smart balance of customer governance and intelligence is helping businesses to improve their customer focus - and their bottom line. | |  | |  |
- Credit-card delinquency rate falls to a 17-year low
Consumers are carrying less debt and making their credit-card payments on time, according to new data from TransUnion, which some industry watchers say is a sign that households are tightening their belts. Credit card delinquencies of 90 days or more fell to 0.6% at the end of the second quarter, a 19% decline from the first quarter and a 35% drop from the second quarter of 2010. USA TODAY (8/17)  | The business phone system market is constantly changing. Vendors are battling for your business with expanded feature sets and competitive pricing. How do you know which system is right for your enterprise-class business? Focus Experts have just completed a comprehensive guide for 2011 to help you assess your needs and choose a phone system that fits. |
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  - Small-business lessons from retail's biggest successes of 2011
Ascena Retail Group, formerly known as Dress Barn and recently named to the top spot on the National Retail Federation's 2011 list of Hot 100 Retailers, offers small businesses a lesson in how diversifying brands and merchandise offerings to appeal to different demographic groups can fuel growth. Other winners include Fresh & Easy, which increased sales by combining low prices and high perceived value, and Bodega Latina, whose focus on the expanding niche of Hispanic consumers is paying off. Entrepreneur.com/The Daily Dose blog (8/17)  | Utilize the Zurich Enterprise Risk Management Healthcheck assessment tool to get a better understanding of your current ERM strategy with recommendations for improvement. Sign up for FREE access today! |
| NRF News | | | | - How iPads will influence back-to-school sales
With a little help from their smartphones and tablets, families with school-age children are hitting stores and websites ready to tackle their back-to-school lists. A recent NRF survey conducted by BIGresearch found that four in 10 college shoppers and three in 10 K-12th grade shoppers with tablets say they plan to use their tablets to purchase back-to-school products this year. "Consumers looking to save time and money while shopping for school items will be able to find their favorite brands in an instant, complete their checklists, and purchase what they need all with a swipe of their finger," said NRF President and CEO Matthew Shay. Read more. - 5 secrets to recovering lost spend
From increasing competition and inconsistent consumer spending to rising merchandise costs and high employee turnover, retailers face considerable challenges to achieving profitability. Join executives from The Container Store, Paystream Advisors and Coupa Software for a Aug. 25 STORES Knowledge Series webinar which will focus on five internal opportunities to cut costs and achieve efficiencies that will deliver savings straight to the bottom line. Learn more.
| Chain Restaurant News | | | | - Subway TV spots support no-fry crispy chicken sub
Two Subway ads in support of the sandwich shop's new Oven Crisp Chicken sub aim to position the sandwich as a healthier alternative to foods offered by competing quickservice chains. The spots don't offer direct comparisons with other shops' chicken sandwiches, they instead dwell on the fat content of burgers and fries and emphasize the Oven Crisp Chicken sandwich's rich, no-fry flavor. MediaPost Communications/Marketing Daily (8/17) | | | Position Title | Company Name | Location | | SALES ASSOCIATE | SAKS FIFTH AVENUE | NAPLES, FL | | San Antonio Sales Associate Career Days! | Saks Fifth Avenue | San Antonio, TX | | IT Business Analyst - eComm / Internet Marketing | Academy Sports & Outdoors | Katy, TX | | Senior Merchandise Planner | Navy Exchange Service Command | Virginia Beach, VA | | Senior Wine Buyer | Total Wine & More | Potomac, MD | | Merchandise Buyer | Kohl's Department Stores | Milwaukee/Menomonee Falls, WI | | Sales Associate- Part Time | Saks Fifth Avenue | Houston, TX | | Houston Sales Associate Career Days!! | Saks Fifth Avenue | Houston, TX | | VP Business Intelligence | Army & Air Force Exchange Service | Dallas, TX | | Manager, Help Desk | Total Wine & More | Potomac, MD | | Regional Visual Trainer | Victoria's Secret | Dallas/Houston, TX | | Applications Manager-Distribution & Transportation | PetSmart | Phoenix, AZ | | Senior Project Manager | PetSmart | Phoenix, AZ | | Director of eCommerce Technology | Moosejaw | Madison Heights, MI | | Fashion Buyer | Target | Minneapolis, MN | | Sales & Education Executive | Napoleon Perdis Cosmetics | Nationwide, United States | | Sr. Internet Buyer | Tween Brands Direct, LLC | New Albany, OH | | Loss Prevention Exception Reporting Manager | Stein Mart | Jacksonville, Florida, FL | | | Click here to view more job listings. | | |
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The majority of retail shrinkage last year was due to employee theft, totaling $16.2 billion. Source: 
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