 | September 23, 2010 | News for the retail industry |  |  | | - Macy's is increasing its seasonal staff this year
Macy's says it expects same-store sales to grow 3% to 3.5% in the second half of fiscal 2010, and it plans to add 65,000 staff this holiday season, an increase from previous holidays. Nationwide, retailers are slated to increase their hiring, adding between 550,000 and 650,000 workers this holiday season, said Chicago outplacement firm Challenger, Gray & Christmas. Chains across the board plan to add at least some workers, including Toys R Us, which expects to hire 10,000 to staff 600 temporary stores. ABC News/Reuters (9/23) , The Plain Dealer (Cleveland) (9/22)       - Blockbuster announces Chapter 11 filing
Blockbuster filed for Chapter 11 bankruptcy protection early today, after hammering out an agreement with creditors that is expected to erase about $900 million in debt from the struggling video-rental chain's books. The agreement involves swapping equity in the company for senior debt and a commitment from note-holders to lend $125 million to fund the company's restructuring as it moves away from brick-and-mortar stores toward a digital business model. Bloomberg (9/23) , The Wall Street Journal (9/23) - PacSun CEO offers blueprint for turnaround
Apparel sales declines among teenagers has hit hip clothing retailer PacSun especially hard, spurring an aggressive turnaround effort that will focus on three key areas: product offerings, relevance to customers and in-store shopper engagement, according to this report. The strategy comes with a shift from building its private label business to partnering with vendors to offer in-store merchandise exclusives. Women's Wear Daily (subscription required) (9/22) - Zara speeds up rollout of online outlets
Spanish apparel retailer Zara plans to add online stores in five additional countries by year's end, making the announcement a mere 20 days after launching its first six European sites. Building quickly on its early success, the chain plans to bring its online stores to Austria, Ireland, The Netherlands, Belgium and Luxembourg this year and expand to the U.S., Canada, South Korea and Japan in 2011. The Wall Street Journal/The Source blog (9/22) - Restoration Hardware plans to go public next year, source says
Restoration Hardware is planning to raise up to $300 million in a 2011 IPO aimed at allowing private investors to cash out part of their stakes in the home-furnishings retailer, according to a source. The chain's shares had been publicly traded before private equity firms Catterton Partners and Tower Three Partners joined CEO Gary Friedman in an acquisition deal that took the chain private. Reuters (9/21)  | Adidas Group Drives Innovation with PLM
Hear Adidas' IT visionary, Peter Burrows tell the story of one of the most dynamic PLM journeys in the industry. Learn how the company behind the World Cup, NFL, NBA and many other sports uses PTC's single PLM system to master complexity around the world to propel its winning, multi-brand portfolio. Watch the Video. | - NRF: Americans won't fear Halloween spending
Consumers are expected to spend $5.8 billion on costumes, candy, decorations and other Halloween goodies this year, with average per-person spending slated to increase $10 over last year, according to a new report from NRF and BIGresearch. The report also reveals that 40% of adults plan to dress up for Halloween this year, up from 33% in 2009. "In recent years, Halloween has provided a welcome break from reality, allowing many Americans a chance to escape from the stress the economy has put on their family and incomes," said NRF President and CEO Matthew Shay. MediaPost Communications/Marketing Daily (9/23) , Pittsburgh Post-Gazette (9/23) , The Columbus Dispatch (Ohio) (9/23) - Study: Teenagers dominate in word-of-mouth
Teenagers are much more likely to share information about media, entertainment and technology by word-of-mouth than the general population, a study from Keller Fay Group reports. Nearly 80% of young people discussed media and entertainment over the course of a year, and nearly 70% discussed technology, the study found. Adweek (9/22) - July saw a decline in U.S. print book sales
Revenue from sales of print books in the U.S. declined in July, the first such sales drop in six months, as American readers continued their migration to digital, the Association of American Publishers reported. Overall sales of print books fell 1.3%, while sales of digital titles more than doubled over the same month last year. The Detroit News/Bloomberg (9/22)  | 2010 has been a transition year for retail. Moving forward, will you survive — or thrive? Right now, your competitors are planning strategies to take full advantage of post-recession trends. Learn what they're doing and how you can get ahead — in service, marketing, POS, mobility and channel integration — with Boston Retail Partner's 11th Annual POS Benchmarking Survey. Get your copy now! | - Best Buy-backed app aims to ease gadget buying
A new app dubbed Tecca was designed to make it easier for consumers to make gadget-buying decisions. Tecca, the first product to come from a digital development fund started by Best Buy last year, offers product reviews and specifications, gadget pictures and pricing information, all of which shoppers can access on their mobile devices while they're out shopping. GigaOm (9/21)
| NRF News |  | | | - Halloween spending to bounce back to 2008 levels
Americans appear ready for a break from reality, even if they're not planning to break the bank doing it. According to a recent NRF survey conducted by BIGresearch, those celebrating Halloween will spend an average of $66 on the holiday this year, comparable to 2008. Total spending for the holiday is expected to reach $5.8 billion. The survey also found that the number of people who plan to dress in costume will be the highest in the survey's history. Read more. - NRF SmartStat: Sept. 23, 2010
 Total attendance for Shop.org's Annual Summit is quickly approaching the 3,000 mark. Source: Shop.org - Recession retailing: How to stay ahead of the curve
In the most recent peer-reviewed resource added to NRF's Retail Reference Center, Jeffrey Edelman of RSM McGladrey explores how retailers should view the changing recession shopper. The recession consumer is "one who is more value conscious, regularly purchasing private brands for basic merchandise and cross shopping among distribution channels," he writes. "The good news is that with the economy on the upswing, these same consumers are beginning to buy a little more of what they want, compared to what they need." Read more.
| Chain Restaurant News | | | | - Dunkin' deal to add stores along the Connecticut Turnpike
Dunkin' Donuts inked an additional agreement with existing franchisee Men at Work IV LLC that calls for the development of 23 new locations along the Connecticut Turnpike. The chain has been in expansion mode this year, adding 338 stores worldwide in the first half and signing 72 new U.S. development deals. QSRMagazine.com (9/22)  | |  | | The Buzz(CORPORATE ANNOUNCEMENTS)
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