| August 8, 2012 | News for the retail industry |  |  | |
 | Know Which Customers Are Persuadable Before You Market - The power of predicting the true impact your marketing offer will have on customer can be found in uplift modeling, a sophisticated approach that identifies where your marketing efforts can make a real difference. Download the white paper – The Uplift Advantage – and learn how retailers have become smarter about contacting customers – and are driving results. | - Best Buy founder would shift gears on turnaround
Lower prices to compete with Amazon and beefed-up in-store service a la Apple stores reportedly would be key parts of a Best Buy turnaround strategy if founder Richard Schulze succeeds in his bid to buy the company. Before that can happen, Schulze must convince private-equity partners to sign on to a deal that would likely reverse current cost-cutting measures. The Wall Street Journal (8/8)      - Talbots names former Saks executive to CEO post
Sycamore Partners has named former Vitamin Shoppe and Saks Fifth Avenue executive Michael Archbold as the new Talbots chief executive. The private-equity firm, which completed its $391 million buyout of the apparel chain last week, also named former Kohl's vice president Lizanne Kindler as president and appointed 26-year Talbots veteran Michele Mandell as COO. Boston Herald (8/7) - Wal-Mart to sell Monsanto-modified sweet corn
Wal-Mart has confirmed it will sell genetically modified sweet corn from Monsanto, despite concerns expressed by consumers, environmentalists and health advocates. "After closely looking at both sides of the debate and collaborating with a number of respected food safety experts, we see no scientifically validated safety reasons to implement restrictions on this product," the retail giant said in a statement. Chicago Tribune (free registration) (8/3)  | Could you get more ROI from CRM?
It's no secret that closer customer relationships generate more sales. But if you haven't introduced your associates to the power of advanced clienteling, you haven't even begun to realize your full profit potential! Learn how with our in-depth White Paper: Five Steps to a Better Class of Clienteling. Download your copy now! |
 - Shoppers pulled out the plastic less often in June
U.S. credit card debt fell 5% in June as consumers cut back on credit card spending amid concerns about high unemployment and slow economic growth, according to the Federal Reserve. Americans have lessened their dependence on plastic since the recession, and total June credit card debt of $864.6 billion was only 1.6% above the post-downturn low of April 2011. USA TODAY/The Associated Press (8/7)  | Hiring exceptional talent is critical to the success of your business. Whether it’s the executive who offers visionary leadership, or the sales professional who won’t settle for less than 100%, a business needs great people to thrive. This guide provides best practices for securing the top talent you need to drive business results. |
 - EBay wins over brick-and-mortar retail chains
Retail chains including Barnes & Noble, Toys R Us, GNC Holdings, Aeropostale and Neiman Marcus have opened storefronts on eBay. The online marketplace has been finding increasing success convincing traditional retailers that it's the answer to their worries when it comes to battling Amazon, analysts say. Yahoo!/Reuters (8/7)  | Policy & Government Affairs |  |  | | |  | - Letter: The benefits of online sales tax collections
Bills that would allow states to require online retailers to collect sales tax on in-state transactions are good for state coffers and promote a level playing field for brick-and-mortar retailers without placing an undue burden on online merchants, say retail industry executives including NRF President and CEO Matthew Shay in this letter. "Federal legislation doesn't mean a national mandate. Rather, it restores the states' right to enforce their tax system of choice in a way that is consistent with our ever-evolving, multichannel marketplace." The Wall Street Journal (8/6) - Gibson Guitar settlement highlights issues with Lacey Act
Gibson Guitar has agreed to pay a $300,000 penalty and $50,000 in community service fees to settle a lawsuit alleging the company used illegally harvested wood and ebony in its guitars. House Republicans are pushing to amend the law covering the use of endangered materials to exclude goods made or imported before the law took effect in 2008. "Today's action underscores the need to address the underlying problems of the Lacey Act, and demonstrates the need for a legislative remedy," said NRF Vice President Erik Autor. The Hill/Floor Action Blog (8/6)  | Experian has joined forces with Moody's Analytics to create a business index and detailed report that provides insight into the health of U.S. businesses. The new Experian/Moody's Analytics Small Business Credit Index is reported quarterly to show fluctuations in the market and discuss factors that are impacting the business economy. Download the free report now! |
| NRF News | |  | | - Why customer centricity is more than just a buzzword for retail CIOs
Next week, retail CIOs from across the country will meet at NRFtech to talk about the biggest technology opportunities and challenges facing the industry. One of those opportunities: Leveraging customer-centric retailing. In advance of next week's conference, Epicor's Ian Rawlins shares how the customer-centric approach to retail has changed with technology and how retail execs at the top need to leverage this new aspect of customer control. Read more. Retail's BIG Blog (8/8) - 10 trends impacting back-to-school spending in 2012
The first tardy bell is less than a month away, meaning parents, kids and retailers have one thing on their minds: back-to-school shopping. If you're looking for how and when consumers will shop this season -- as well at top items on their lists -- NRF's top 10 trends analysis is chock full of all the data you need to know to prepare for the second biggest shopping season of the year. View the top trends. Retail's BIG Blog (7/26)
| Chain Restaurant News | | | | - Has Burger King turned the corner?
Burger King's fortunes began to wane early last decade as franchisees took their disputes with the company public, and sales slipped enough to put the chain in third place behind McDonald's and Wendy's. Since acquiring the chain in late 2010, the new owners have invested $750 million into a makeover that includes revamped stores and menus, a tactic that industry watchers say appears to be paying off. QSR Magazine (8/2012), Time.com (8/7) | |  | | Position Title | Company Name | Location | | Director of Human Resources | The Buckle, Inc. | Kearney, NE | | Divisional Merchandising Manager, Men's | Stein Mart | Jacksonville, FL | | Director of Planning | Hot Topic, Inc | City of Industry, CA | | Human Resources Manager - Aventura, Florida | Bloomingdale's | Aventura, FL | | Merchandise Planner Direct | South Moon Under | Berlin, MD | | Talent Acquisition Manager - Corporate & Supply Chain | Burlington Coat Factory | Burlington, NJ | | Oracle Database Administrator | Saks Fifth Avenue | Jackson, MS | | Associate Buyer | Floor and Decor | Smyrna, GA | | Product Safety & Quality Control Specialist | Burlington Coat Factory | Burlington, NJ | | Assistant General Manager of Merchandising | Saks Fifth Avenue | San Antonio, TX | | Retail Buyer - Home | Target | Minneapolis , MN | | Specialty Shop Planner | REI | Kent, WA | | VP Customer Strategy | Burlington Coat Factory | Burlington, NJ | | Marketing Manager | Sleep Experts | Dallas, TX | | Buyer | Payless ShoeSource | Topeka, KS | | Planner – Merchandise Distribution | Payless ShoeSource | Topeka, KS | | Director of Visual Merchandise | Spirit Halloween | Egg Harbor Township, NJ | | Fashion Buyer | Target | Minneapolis, MN | | Merchandise Planner (various categories) | Kohl's Department Stores | Menomonee Falls, WI | | Target.com Merchandising Buyer | Target | Minneapolis, MN | | Inventory Analyst | REI | Kent, WA | | Vice President - Tax | Burlington Coat Factory | Burlington, NJ | | Director of Compensation | Burlington Coat Factory | Burlington, NJ | | Category Manager | Saks Fifth Avenue | New York, NY | | | Click here to view more job listings. | | |
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