| October 12, 2011 | News for the retail industry |  |  | |
- Tesco CEO says it's time to invest
Tesco CEO Philip Clarke said the U.K. grocer will invest about $2.5 billion domestically this year, while also increasing spending elsewhere. Amid falling consumer confidence, the company is dropping prices on 3,000 everyday items. "Sometimes you have to put aside just the pursuit of profit in the market in order to get back in tune with the nation," Clarke said. Bloomberg Businessweek (10/11)       | Move beyond credit risk defense. Gain the power to grow with BusinessIQ℠. For a limited time, you can see the benefits of Experian business information for yourself with a 30 day free trial* of our commercial credit reports and scores – with no strings attached. |
 - Liz Claiborne, Monet brands sold to J.C. Penney
Liz Claiborne Inc. will bring in $328 million by selling its namesake brand, as well as its Monet, Kensie and Dana Buchman lines. J.C. Penney is paying $288 million for Liz Claiborne, which will create lines exclusively for the department store chain, and the rights in the U.S. and Puerto Rico to Monet. The Claiborne parent also will garner about $40 million from selling its Kensie line to companies associated with Bluestar Alliance and Dana Buchman to Kohl's Corp. The Wall Street Journal (tiered subscription model) (10/12) - Loblaw's Joe Fresh opens first U.S. stores
Joe Fresh Style, the casual clothing brand from Canadian supermarket chain Loblaw, opened its first pop-up shop in New York City last week and will debut a permanent Fifth Avenue shop next month. The move comes as international players Zara and Uniqlo plan similar projects nearby. The Globe and Mail (Toronto) (10/11)  | How are technology leaders adapting to the change and complexity that mark today’s economic landscape? Read this white paper to identify the 4 patterns, or mandates, employed by CIOs when leveraging business and information technology to innovate. Learn how each pattern indicated a distinct approach to IT leadership, and are derived from specific organizational needs. |
 - Global sales of nail polish lead beauty industry growth
Nail polish sales are the fastest growing category in the global beauty products segment, growing 42% in France last year compared to a 2% rise in perfume sales, NPD says. In the U.S., sales rose 15% last year and 22% in the first six months of 2011, as cash-conscious consumers saw nail polish as a budget-friendly indulgence. Fox Business/Reuters (10/11) - Some merchants may ring up higher-than-expected holiday sales
Some retailers that fared better than analysts predicted during the back-to-school season could see a repeat performance during the holidays, analysts said Tuesday. Chains including Macy's, Target, DSW and Abercrombie & Fitch topped analysts' lists of merchants likely to beat the odds this holiday season. CNBC (10/11)  | Used to verify compliance, understand operations and identify risks, LP audits are an essential part of asset protection in retail. However, many retailers are not getting the most out of their audits. Click here to learn how LP audits can help your retail business reduce losses and increase profits. |
 - American fashion brands lead the digital way
American fashion brands have taken the lead on using digital technology, and European peers are falling behind, according to the new Digital IQ Index that ranks brands based on digital competency. Burberry took first place, but 10 of the top 15 brands were U.S. companies, including Kate Spade, Coach and Ralph Lauren. Women's Wear Daily (subscription required) (10/11)  | Improve Holiday Sales Results with Tools from Akamai!
Now is the perfect time to ensure your website will hold up to the rush of holiday shoppers headed your way. With the challenges facing retailers this holiday shopping season, it's never to soon to focus. Download Akamai's Holiday Toolkit now! |
 - How to get stronger when the economy is weak
Tough economic times are unfortunate, but they also provide small businesses with an opportunity to identify areas of improvement, writes Linda Dulye, whose consultancy turned to cloud-based services to address its needs after business slowed down. To make the most of a downturn, ask your employees to identify three problems each, and then pick two ideas to pursue in more detail, she writes. Create a team to look into addressing the issues the group comes up with. Fox Business Small Business Center (10/10)  | Let Social Media Find Your Staff For You
Give your hiring managers fast, easy access to quality employees by pairing social media with automated recruitment solutions that use Web 2.0 functionality. Download the white paper Automating Social Recruiting for Better Hiring and see how 85 percent of best-in-class companies save money with automation. |
 | Policy & Government Affairs |  |  | | |  | - California retailers fight back on ZIP code ruling
Retailers in California were dealt a potentially costly blow earlier this year when the state's highest court ruled that asking customers for ZIP codes violates the law, but some legal analysts say the 30-year-old law governing credit-card transactions may be too broad and poorly written to hold up. "[The decision was] extraordinarily disruptive and another unanticipated consequence of a poorly drafted law," said NRF general counsel Mallory Duncan. STORES magazine (10/2011) 
| NRF News | |  | | - NRF CEO travels to China to strengthen retail ties
NRF President and CEO Matthew Shay travels to China this week for a four-day trade mission intended to strengthen the U.S. retail industry's ties with fellow retailers, manufacturers, other businesses, and both U.S. and Chinese government officials. Shay is scheduled to meet with officials at the U.S. Embassy in Beijing to address U.S.-imposed trade barriers that drive up the cost of merchandise, Chinese rules that restrict U.S. retailers' ability to open stores there, delays in processing visas for Chinese citizens traveling to the United States to shop or for business, and legislation pending in Congress that would pressure China to let its currency float more freely against the U.S. dollar. Read more. - NRF SmartStat: Oct. 12, 2011
 More than 5,900 people are connected to NRF through LinkedIn. View the page. - NRF's 2011 Holiday Headquarters is open for business
This may be our third year opening NRF's Holiday Headquarters, but 2011 has brought on fresh twists, including interactive charts and a professionally-designed Holiday Survival Kit. If you're a retailer, reporter or even just a very engaged and interested consumer, you can access all of NRF's holiday press releases, survey results, top tips, guidelines, blog posts, frequently-asked holiday questions and, of course, historical holiday information all in one spot. Learn more.
| Chain Restaurant News | | | | - Some towns woo Darden eateries with tax incentives
Darden Restaurants has won hundreds of thousands in tax incentives in several cities in exchange for opening new Olive Garden, Red Lobster and LongHorn Steakhouse restaurants and creating jobs in an uncertain economy. Some municipalities shy away from the practice because it opens the door for other companies to demand similar breaks, and local restaurant owners say the practice is unfair to them. Orlando Sentinel (Fla.) (10/11) - Bakery cafes continue to grow, report says
Led by Panera Bread, the bakery cafe segment of the restaurant industry operates 3,600 units nationwide, rings up $5 billion in annual sales and has outpaced overall restaurant industry growth for the past three years, according to a report from Technomic. Business has grown as more consumers try bakery cafes and often become frequent customers. FastCasual.com (10/11) | |  | | Position Title | Company Name | Location | | HR Director, Retail Stores | SalonCentric | Based in NJ & NYC, NJ | | VP of Marketing | Teavana | Atlanta - Buckhead, GA | | Merchandise Manager | Party City | Rockaway, NJ | | Shopper Marketing and Retail Promotions Director | Two West Inc. | Nationwide, United States | | Vice President, Business Development | Confidential | Akron, OH | | Merchandise Buyer - Fashion Apparel | Kohl's Department Stores | Menomonee Falls, WI | | Sales Associate Career Day- Las Vegas, NV | Saks Fifth Avenue | San Francisco, CA | | Marketing Director | Saks Fifth Avenue | Hackensack, NJ | | Visual Merchandising Manager | Headquarters, MCCS | Quantico, VA | | Purchasing Agent | Chico's FAS, Inc. | Fort Myers, FL | | Store Manager-Luxury Retail-San Diego | Tourneau LLC | San Jose, CA | | Contract Recruiter - Merchandising | Burlington Coat Factory | Burlington, NJ | | Buyer | Five Below, Inc. | Philadelphia, PA | | Permanent and Seasonal, FT and PT Sales Associates - Saks Fifth Avenue Career Day - Indianapolis, IN | Saks Fifth Avenue | Indianapolis, IN | | Sales Associate Career Day! | Saks Fifth Avenue- San Francisco | San Francisco, CA | | SALES ASSOCIATE CAREER DAY | SAKS FIFTH AVENUE | Bal Harbour, FL | | SELLING MANAGER | SAKS FIFTH AVENUE | Huntington Station, Long Island, NY | | Sales Associate Career Day - Dadeland, FL | Saks Fifth Avenue | Dadeland, FL | | Assistant Store Manager-Luxury Retail-San Jose | Tourneau LLC | San Jose, CA | | Director Global Trade & Compliance | Charming Shoppes, Inc. | Bensalem, PA | | Commercial Sales Analyst | TAG Heuer | Springfield, NJ | | Fashion Buyer | Target | Minneapolis, MN | | Vice President of Distribution and Logistics | Sleep Experts | Dallas, TX | | Location Director - Home Delivery Organic and Natural Food | Suburban Organics | Ottsville, PA | | Account Manager | SPANX, Inc | Atlanta, GA | | | Click here to view more job listings. | | |
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