Monday, February 20, 2012

Belk to invest $75 million in store renovations in 2012

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February 20, 2012News for the retail industry

  Top Story 
 
  • Christopher & Banks CEO resigns
    Christopher & Banks chief executive Larry Barenbaum resigned on Friday, and President Joel Waller will perform the job until the women's apparel retailer finds a permanent replacement. Waller originally was recruited by Barenbaum to help turn around the company, which closed 100 stores and cut 25 jobs last month. Star Tribune (Minneapolis-St. Paul, Minn.) (2/17) LinkedInFacebookTwitterEmail this Story
Do you know what global consumers are buying? What product categories do they prefer? What do they value most in their shopping experience? And how do they differ from country to country? Pitney Bowes Ecommerce Solutions conducted a global survey polling consumers in ten countries including Canada, UK, Australia, China, Japan and Brazil. Download the white paper here.
  Industry Watch 
 
  • Topco announces new president and CEO
    Randall Skoda has been named the new president and CEO of Topco, having served as interim president and CEO for the past few months, and executive vice president for four years prior to that. "We are excited about the leadership and experience Randy brings to his new role," said Steve Smith, Topco's chairman and K-VA-T Food Stores president and CEO. Retailing Today (free registration) (2/17) LinkedInFacebookTwitterEmail this Story
  • Belk to invest $75 million in store renovations in 2012
    Charlotte-based department store chain Belk will invest $75 million to renovate about 30 stores this year, focusing on revamping existing spaces instead of adding new locations, the company said. The 300-store chain, which hasn't opened new stores since 2007, has begun looking at possible new markets but won't open any new stores until at least next year. The News & Observer (Raleigh, N.C.) (2/18) LinkedInFacebookTwitterEmail this Story
  • Mackey: Whole Foods progresses on all fronts
    Hard work has propelled Whole Foods forward in a down economy, says founder and co-CEO John Mackey. The company's stock value is near an all-time high, it has introduced innovative programs to educate customers on healthy eating, and it is demanding higher standards from suppliers. "We threw ourselves into the task of making the shift from strong growth to a sudden recession." Winston-Salem Journal (N.C.)/Cox News Service (2/19) LinkedInFacebookTwitterEmail this Story
 
  • Other News
Learn Customer Engagement Best Practices from Aberdeen!
Aberdeen Group’s recent research on customer intelligence and engagement strategies reveals what today’s leading retailers are doing to gain insight into the mindshare of their customers, respond to their elevated expectations, and strengthen customer centricity. This $399 report is yours free! Download your copy now!
  Retail trends 
  • Warm winter changes consumers' spending habits
    Winter coats, snow shovels and even soup are languishing on the shelves amid the fourth-warmest December-through-January period on record. However, the higher temperatures and lack of snow in many parts of the U.S. have consumers getting out of the house more. Malls and movie theaters have seen higher traffic, and Home Depot already is seeing brisk sales of live plants and gardening gear in some parts of the country. Advertising Age (tiered subscription model) (2/20) LinkedInFacebookTwitterEmail this Story
  • Other News
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  Retail Technology 
 
  • Smartphone shopping improves customer planning
    Interactive shopping technology allows consumers to shop before entering a store. Ninety percent of shoppers know what they will buy before arrival; 75% think they are smarter shoppers than they were a year ago; and 86% think they are getting more precise in what they buy, according to Deloitte's American Pantry Study conducted in October. Progressive Grocer (2/16) LinkedInFacebookTwitterEmail this Story
Costs are rising in China and Japan, prompting high-tech firms across Asia to consider new sourcing locations so they can remain efficient, while focusing more on service. What will be the impact of this behavioral shift? Learn about the findings in this free white paper.
  Main Street 
 
  • How to fight "sweethearting"
    A new report tries to measure the scope of damage done to retailers from a form of employee theft called "sweethearting," in which workers give merchandise away to friends free or at a discount. The most effective programs to fight it are having clear standard operating procedures and auditing programs in place, and encouraging employees to be alert and report suspicions, says NRF's Joseph LaRocca. Security Director News (Langhorne, Pa.) (free registration) (2/17) LinkedInFacebookTwitterEmail this Story
To make a retail operation truly customer-focused, retailers need to connect customer’s interactions, drive better decisions using science and insight, and optimize operations for efficiency. Retailers who focus on discerning customer sentiment and creating a customer experience will win customers’ long-term loyalty. Learn more.
  Hot Topics 

Top five news stories selected by NRF SmartBrief readers in the past week.

  • Results based on number of times each story was clicked by readers.
  Sponsored Content 
 
Most Popular Headlines from Last Week
Results based on number of times each story was clicked by readers.

  NRF News 
  • NRF shines spotlight on true impact of retail careers
    Buyers. Customer service superstars. Creative directors. The launch of NRF's nationwide video contest serves many functions, but its purpose is simple: to sharpen America's focus on the retail industry's innovation, vitality to the American economy, and reward the most captivating stories in retail. In a post on Retail's BIG Blog, NRF's "This is Retail" campaign is explained through the lens of the video contest, which features $50,000 in prize money. Read more. Retail's BIG Blog (2/20) LinkedInFacebookTwitterEmail this Story
 
  • Best strategies for retail IT management
    Omni-channel retailing brings a litany of IT services to master. Retailers must try to stay a beat ahead of the ever-changing technology, user platforms and POS solutions -- all of which must run efficiently to secure consumer confidence and sales. In a March 1 STORES Knowledge Series webinar, Kaseya's ITSM Specialist Ray Barber will discuss best practices for overcoming today's IT challenges to decrease the impact downtime has on businesses. Read more. LinkedInFacebookTwitterEmail this Story
Learn more about NRF ->Join NRF  |  Govt Relations  |  NRF Events  |  STORES  |  NRF Foundation

  Chain Restaurant News 
  • McDonald's acts to bridge sales, brand-perception gap
    McDonald's brand perception is lagging behind its sales figures, according to this article. Although the brand remains among the most valuable in the world, many consumers can't see beyond the burgers and fries and rank the chain lower on the scales of taste, quality and friendliness. The company has been tackling the perception problem by addressing the origins and quality of the food it serves, revamping Happy Meals and attempting to reshape public opinions about "McJobs" with its National Hiring Day event. Advertising Age (tiered subscription model) (2/20) LinkedInFacebookTwitterEmail this Story
  • Other News
 
Position TitleCompany NameLocation
Email Marketing ManagerGolfsmithAustin, TX
Buyer, PetitesStein MartJacksonville, FL
Vice President of Human ResourcesTeavanaAtlanta, GA
Retail ManagementTotal Wine & MoreSeattle, WA
Selling Manager, Women's Shoes - NYC StoreSaks Fifth Avenue - NYC StoreNew York, NY
Senior Vice President, General Merchandise ManagerTotal Wine & MorePotomac, MD
IS Director of OperationsPetSmartPhoenix, AZ
Merchandise PlannerThe Bon Ton StoresMilwaukee, WI
Corporate Recruiter - Merchandising and RetailMeijerGrand Rapids, MI
Store Director - In TrainingMeijerGrand Rapids, MI
Corporate CounselMeijerGrand Rapids, MI
AVP - MarketingWest MarineWatsonville, CA
Senior Manager, Manhattan WMS ApplicationsPEAPODLake Zurich, IL
General ManagerSaks Fifth AvenueShort Hills, NJ
Business Development - Home Office BasedThe French Company/FacilityConnectTwinsburg, OH
Demand PlannerStaples, Inc.Framingham, MA
Visual Merchandiser ManagerCastle Megastore GroupTempe, AZ
Merchandise Planner/DistributorNavy Exchange Service CommandVirginia Beach, VA
Retail Communications and Operations ManagerHanna Andersson LLCPortland, OR
DVP Spirit Halloween Marketing, Licensing & Creative ServicesSpirit HalloweenEgg Harbor Township, NJ
Sr. Director, Store Planning and ConstructionSpencer Gifts/Spirit HalloweenEgg Harbor Township, NJ
Assistant General Manager of Merchandising (AGMM)Saks Fifth AvenueHackensack, NJ
Manager, Financial Planning and AnalysisSpencer GiftsEgg Harbor Township, NJ
Marketing Director -- IndianapolisSaks Fifth AvenueIndianapolis, IN
National Advertising Sales ManagerIntent MediaNew York City , NY
Click here to view more job listings.

  SmartQuote 
Education is the ability to listen to almost anything without losing your temper or your self-confidence."
--Robert Frost,
American poet


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