Tuesday, July 10, 2012

Target, Neiman Marcus to team on holiday designer collection

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July 10, 2012News for the retail industry

  Top Story 
 
  • Equity investor acquires majority stake in Sundance Holdings
    Private equity firm Brentwood Associates has bought a majority stake in multichannel specialty retailer Sundance Holdings Group, founded in 1989 by Robert Redford as Sundance Catalog. In addition to online and catalog sales, Sundance operates retail stores in California and Colorado. "There's clearly an opportunity for 15-plus stores over next couple of years," said Brentwood partner Eric Reiter. Women's Wear Daily (subscription required) (7/9) LinkedInFacebookTwitterEmail this Story
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  Industry Watch 
 
  • Target, Neiman Marcus to team on holiday designer collection
    Neiman Marcus and Target will come together for the holidays with a collection from 24 designers that will be available at all stores in both chains. The pieces from well-known brands including Carolina Herrera, Derek Lam and Diane von Furstenberg will go on sale Dec. 1, and range in price from $7.99 to $499.99, with most selling for less than $60. Women's Wear Daily (subscription required) (7/10) LinkedInFacebookTwitterEmail this Story
  • How HBC is reinvigorating 2 department store brands
    Hudson's Bay Co. has been working to prove that two of North America's oldest department store brands aren't obsolete. Under President Bonnie Brooks, the company has invested significantly in proving that The Bay and Lord & Taylor are relevant to today's consumers. Women's Wear Daily (subscription required) (7/9) LinkedInFacebookTwitterEmail this Story
  • Other News
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  Retail Trends 
 
  • Report: Department stores are "most pressured"
    U.S. department stores lost market share to specialty stores and discount chains during the past decade, marking a 2.2% collective decline in sales even as total retail sales rose 4%, according to an analysis from Fitch Ratings. It wasn't bad news for all, the report found -- Kohl's and Macy's booked strong growth. Women's Wear Daily (subscription required) (7/9) LinkedInFacebookTwitterEmail this Story
  • Cash-strapped grads shift to discount shopping
    College graduates who traditionally have fueled consumer spending on clothing and gadgets are finding themselves underemployed and struggling to make ends meet in a slow economy. As a result, they're shopping more at discounters including TJ Maxx and Marshalls and less at Victoria's Secret and Macy's, according to an analysis from Kantar Media. Bloomberg (7/10) LinkedInFacebookTwitterEmail this Story
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  Retail Technology 
 
  • Costco debuts mobile app to boost online sales
    Costco launched its first mobile application this week, a move that's part of the warehouse giant's push to boost its share of e-commerce. The chain is the second largest U.S. retailer behind Wal-Mart, but it lags behind competitors when it comes to online retail. Forbes (7/9) LinkedInFacebookTwitterEmail this Story
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  Policy & Government Affairs 
  • Wash. retailers put after-tax price on liquor
    Retailers in Washington state are responding to customer demand and adding tax information to price tags of liquor. "We learned very quickly it's tricky and difficult for people to figure out," said John McKay, executive vice president of Costco Wholesale. Large retailers have been allowed to sell liquor since June 1, but customers were struggling to figure out the tax, which is 20.5%, plus a liter tax that varies with the size of the bottle. The Seattle Times (7/6) LinkedInFacebookTwitterEmail this Story
Get a jump on Retail's BIG Show
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  Sponsored Content 
 

  NRF News 
 
  • Why online retail can expect a major shift around 2015
    Understanding the pattern of where the Internet has come from is critical in preparing for the technological changes ahead. Gearing up for his keynote speech at the Shop.org Annual Summit in Denver, Liberty Media's SVP Michael Zeisser discusses his growth from a humble student of the Internet industry to a prolific manager of retail e-commerce company portfolios, and shares where he thinks digital commerce is headed next. Read more. Shop.org Blog (6/7) LinkedInFacebookTwitterEmail this Story
  • Make your voice heard: Tell Congress to support sensible health care reform
    Less than two weeks after the Supreme Court upheld the Affordable Care Act, the U.S. House of Representatives plans to vote tomorrow to repeal the entire law. NRF supports sensible health care reform, and the ACA does more harm than good to the industry – hindering employers' ability to provide affordable health care to employees and their families. Now is the time to let Congress know how this law as it currently stands could negatively impact the retail industry and jobs. Act now or learn more. LinkedInFacebookTwitterEmail this Story
Learn more about NRF ->Join NRF  |  Govt Relations  |  NRF Events  |  STORES  |  NRF Foundation

  Chain Restaurant News 
  • Behind the scenes with Dunkin's head chef
    Stan Frankenthaler is a James Beard Award-winning chef whose upscale Blue Room and Salamander restaurants in Boston drew a thriving following until he left for the executive chef post at Dunkin' Brands five years ago. "You know, when you step back and look at the restaurant industry, you can chart a movement from fine dining all the way to [fast food] and in the other direction, too." The Boston Globe (tiered subscription model) (7/8) LinkedInFacebookTwitterEmail this Story
 
  • Other News
The Buzz(CORPORATE ANNOUNCEMENTS)

2012 Product Sourcing Survey: Deloitte invites you to participate in this timely survey of apparel, grocery and general merchandise sourcing trends, identifying insights that can drive differentiated products, increased margins, and reduced cycle time. Take the survey and gain insights into retail sourcing trends and the latest strategies.

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  SmartQuote 
Affection is the most important thing. And the quality of affection -- with your friends, your lovers, your family. But particularly for your own generation."
--Allen Ginsberg,
American poet


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