Wednesday, March 21, 2012

Will millennials change the face of retail?

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March 21, 2012News for the retail industry

  Top Story 
 
  • Easter spending is expected to hop up 11% this year
    Americans are expected to spend an average of $145.28 for Easter candy, decoration, clothing and other items this year, an 11% increase from 2011, for total spending of $16.8 billion, according to the National Retail Federation. "Though the price of gas is on everyone's mind, Easter is one of the few holidays some consumers are willing to stretch their budgets, especially because many children look forward to treats and new outfits on Easter morning," said President and CEO Matthew Shay. Drug Store News (3/20), MediaPost Communications/Marketing Daily (3/20) LinkedInFacebookTwitterEmail this Story
The Business Case for Mobile and Tablet Shopping
Is mobility an out-of-reach luxury or could it really improve your business? Get the facts! Aberdeen’s Analyst Insight examines the impact of mobile solutions on retail transactions, customer expectations, and important profit opportunities. This research – a $399 value- is yours free! Download your copy here!
  Industry Watch 
 
  • Burlington Coat Factory names new merchandising chief
    Burlington Coat Factory has named former TJX Cos. executive Paul Metcalf as its new executive vice president and chief merchandising officer, starting next month. The 477-store chain aims to diversify to attract more suburban shoppers without alienating its core of loyal customers, Metcalf said. Women's Wear Daily (subscription required) (3/20) LinkedInFacebookTwitterEmail this Story
  • QVC to enter China via joint venture
    QVC will gain a foothold in China with the acquisition of a 49% stake in China National Radio's home shopping channel. QVC already operates internationally and generates about one-third of its sales in Europe and Japan. The Wall Street Journal (3/20) LinkedInFacebookTwitterEmail this Story
 
  • Kroger: One company with many names and variations
    Kroger, the nation's largest supermarket chain, is far from homogeneous, with a dozen banners and with stores that vary depending on the market. "I think they are trying to take those best practices that they have learned, like their fuel-discount programs, and extend those assets to those other brands," said Neil Stern, senior partner at McMillan Doolittle, who noted that Kroger has grown by acquiring established grocery chains. Supermarket News (3/19) LinkedInFacebookTwitterEmail this Story
  • Other News
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  Retail trends 
 
  • Will millennials change the face of retail?
    Post-college poverty may now be the norm as millennials struggle to find jobs and cope with large amounts of college debt, a trend that's worrying retailers who cater to the younger generation, as well as those who depend on consumers who trade up to higher-end brands as they get older. Retail industry experts also say that consumers who come of age during tight times may hang onto the lessons of thrift long after they've attained financial security. Forbes (3/20) LinkedInFacebookTwitterEmail this Story
  • The importance of being omni-channel
    Art has to trump science when it comes to retail, but technology is playing an increasingly important role as merchants work to make their goods available through multiple sales channels, Saks CEO Stephen Sadove said during a panel discussion Tuesday. Women's Wear Daily (subscription required) (3/20) LinkedInFacebookTwitterEmail this Story
  • Local and national food retailers expand in N.C.
    Several supermarket chains are searching for locations or planning to open in the Wilmington, N.C., area. Local chain Carolina Farmin' plans at least one more store this year. Whole Foods Market and Lowes Food Stores have stores near completion. Trader Joe's submitted a plan. ALDI reportedly is looking for a site. Harris Teeter is adding 7,500 square feet to a store. Star-News (Wilmington, N.C.) (3/20) LinkedInFacebookTwitterEmail this Story
Kettle Foods reduces reporting cycle from 8 weeks to just 3 weeks
An antiquated reporting system and lack of data insight can stop growth in even a strong company. Read the white paper to learn how: Kettle Foods used Inca Software, a Logicalis Company, and IBM Cognos Express to slash reporting time, enable fast amendment of reports and centralize data.
  Retail Technology 
 
  • Toshiba Tec develops scanner that recognizes food
    The Object Recognition Scanner from Toshiba Tec may change the way perishable food is purchased, since it uses a camera, not bar codes, to identify products. It will save time at checkout, said Toshiba employee Keiichi Hasegawa, because staffers won't have to look up and use codes for the purchases. Forbes (3/20) LinkedInFacebookTwitterEmail this Story
  • 22% of 2-D bar code use in print comes from retail advertising
    The retail and technology sectors were most frequently making use of 2-D bar codes in print ads, per a Competitrack study. Some advertisers have made barcodes such as the dominant QR code a regular feature of print ads, with Oppenheimer Funds, for example, using them in 85% of its ads. eMarketer (3/21) LinkedInFacebookTwitterEmail this Story
Leveraging Cloud Security to Weather Threatening Storms
Web attacks and retribution campaigns are on the rise, and they have become more frequent, more random and more extreme. This paper assesses the current cyber threat environment and discusses the use of distributed cloud services as an effective means to protect against evolving, modern-day IT threats.
  Main Street 
 
  • 6 tips to create an effective store design
    Poorly designed store spaces can contribute to a merchant's downfall, but that can be avoided with advance planning, says consultant Jerry Birnbach. He and others offer tips for avoiding the pitfalls, starting with thoroughly inspecting a facility before you commit to it. Entrepreneur online (3/20) LinkedInFacebookTwitterEmail this Story
  • Other News
Flash sales, a hot trend that can increase your revenue.
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  Sponsored Content 
 

  NRF News 
  • Pro-growth, bipartisan budget could reduce corporate tax rate for retailers
    A month after President Obama proposed "broadening the base" and reducing the corporate tax rate to from 35 to 28%, the House Budget Committee has proposed a budget containing a tax reform section that would reduce the corporate tax rate to 25%. "This proposal is further evidence that both sides of the political aisle, both chambers of Congress and both ends of Pennsylvania Avenue all agree that the time for comprehensive, pro-growth tax reform has come," NRF Senior Vice President for Government Relations David French said. Read the full release. LinkedInFacebookTwitterEmail this Story
 
  • NRF names Ellen Davis SVP and executive director of the NRF Foundation
    A visible spokesperson and asset to the NRF communications department since 2002, Ellen Davis has been named SVP and executive director of the NRF Foundation. In her new role, Davis will use her strategic communications background to restructure the foundation to more closely align with NRF's strategic plan through the organization's multimillion-dollar Retail Means Jobs campaign. "The decision to create a new vision for the NRF Foundation follows a year of significant financial investments by NRF to increase the power of our government relations and communications activities. Ellen is the perfect candidate to re-imagine the possibilities for our Foundation," NRF President and CEO Matthew Shay said. Read the full release. LinkedInFacebookTwitterEmail this Story
Learn more about NRF ->Join NRF  |  Govt Relations  |  NRF Events  |  STORES  |  NRF Foundation

  Chain Restaurant News 
  • McDonald's tests phase-out of foam cups
    McDonald's has launched a pilot project to test the feasibility of phasing out polystyrene beverage cups, replacing them with double-walled paper coffee cups at about 2,000 U.S. restaurants. The move comes in response to a shareholder resolution by environmental group As You Sow, which received strong shareholder support. GreenBiz.com (3/21) LinkedInFacebookTwitterEmail this Story
 
Position TitleCompany NameLocation
PlannerStein MartJacksonville, FL
Business AnalystQuantiSenseAtlanta, GA
Implementation ConsultantQuantiSenseAtlanta, GA
Director, Store Environment & Merchandise Planning Harbor Freight ToolsCalabasas, CA
Director of Advertising ProductionThe Bon Ton Stores, Inc.Milwaukee, WI
eCommerce Web Analytics & Planner ManagerBealls FloridaBradenton, FL
Manager of Store CommunicationAmerican Eagle OutfittersPittsburgh, PA
Vice President - General ManagerSaks Fifth AvenueStamford, CT
Merchandise Planning & Analytics ManagerCoast Guard Community Services CommandChesapeake, VA
Direct Marketing ManagerRadioShackFort Worth, TX
Director, Online MarketingBath & Body Works Direct, Inc.Columbus, OH
Director of OperationsSpencer GiftsEgg Harbor Township, NJ
Global Insights ManagerBurt's BeesDurham, NC
Designer - Footwear/GirlcareTween Brands Service Co.New Albany, OH
Merchandise PlannerKohl's Department StoresMenomonee Falls, WI
Merchandise BuyerKohl's Department StoresMilwaukee/Menomonee Falls, WI
Director of Store InitiativesBurlington Coat FactoryBurlington, NJ
VP eCommerceBurlington Coat FactoryBurlington, NJ
Merchandise PlannerBurlington Coat FactoryBurlington, NJ
Buyer, Petites Stein MartJacksonville, FL
BuyerSmithsonian Museum RetailWashington, DC
Meat/Seafood Team LeaderMeijerCincinnati, OH
Meat/Seafood Team LeaderMeijerWesterville, OH
Click here to view more job listings.

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  SmartQuote 
It is useless for the sheep to pass resolutions in favor of vegetarianism while the wolf remains of a different opinion."
--William Ralph Inge,
British author, priest and educator


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