 | October 27, 2010 | News for the retail industry |  |  | | - Coach cites department stores as key growth area
Coach's quarterly sales and earnings beat analysts' expectations this week, with a significant portion of the company's growth coming from higher orders from department stores including Macy's and Nordstrom. The chain also reported an 8.5% increase in same-store sales at its branded stores in North America, as well as a significant increase in international business in growing markets, led by China. TheStreet.com (10/26) , CNBC (10/26)       - Sears, Penney make EPA list of top energy cutters
Sears and J.C. Penney were recently named runners-up in a contest sponsored by the Environmental Protection Agency and aimed at identifying the commercial buildings that trimmed the most energy use over a 12-month period. Workers at a Sears store in Glen Burnie, Md., cut energy use 32%, and an Orange, Calif., Penney store cut 28% from its total use. The Wall Street Journal (10/26) - Toys R Us adds holiday loyalty incentives
Toys R Us plans to offer a 10%-back incentive to its loyalty program members this holiday season, beginning with purchases made on Halloween. The offer comes on the heels of Target's move to offer a 5% discount to users of its store credit cards. Recent surveys, including one by the National Retail Federation, have found that discounts will be a significant factor in purchasing decisions this season. CNBC/Consumer Nation (10/26) - Report: Wal-Mart makes inroads into banking business
Wal-Mart has progressed with plans to eventually add full-service banking to its offerings, despite repeated failures to obtain a U.S. bank charter, according to a new report from Filene Research Institute. The retail giant has already established a 22-branch bank in Mexico, which is slated to grow to 80 locations by year's end. In addition, the company now sells prepaid debit cards and offers small-business loans through its Sam's Club stores. BNET/Retail Reality Check blog (10/26) - Inside the world of luxury fakes
The Internet has made efforts to fight counterfeiting of designer bags and other luxury goods infinitely tougher, as new sites selling designer knockoffs pop up on a regular basis, to support a thriving overseas manufacturing industry. In this report, Reuters reporters detail the trail of a counterfeit Louis Vuitton bag. Reuters (10/26) - Shoppers are flocking to New York's Times Square
Retail stores are thriving in New York's Times Square area, spurred by flocks of shoppers and tourists and undeterred by rising rents that rival pre-recession rates in some of the city's choicest retail districts. Retail leasing is on the rise throughout the city, The New York Times reports, with areas such as Times Square and SoHo reaping the highest rents as a result of a rebound in tourist traffic. The New York Times (free registration) (10/26)  | Gain Critical Market and Retail Intelligence on POS. How are your competitors leveraging POS, and which systems do they rely on to advance in today's markets? Get fresh insights into today's POS priorities, technology and market trends, plus in-depth vendor comparisons from this new 55-page report from IHL Group. This outstanding value is yours at no cost. | - Nook finds a niche with a lower-priced color e-reader
Barnes & Noble has debuted a color version of its Nook e-reader, with features and a price point that occupy a niche between black-and-white e-readers such as Amazon's Kindle and tablet computers such as Apple's iPad. The chain also plans to sell subscriptions to digital newspapers and magazines that display color photos and graphics. The Wall Street Journal (10/27)
| NRF News |  | | | - Mark Zandi offers a status report on the global economy
Retailers across the globe want to know where the road to economic recovery will lead. At this year's BIG Show, Jan. 9 to 12 in New York City, Moody's Economy.com Chief Economist Mark Zandi and a panel of industry experts will examine the current status of the global economic recovery and provide an outlook for the year to come. Learn more. - NRF SmartStat: Oct. 27, 2010
 Almost 60% of Americans will ask for gift cards this holiday season, making them the most requested holiday gift this year. Source: NRF survey conducted by BIGresearch - Dogs are people, too, especially this Halloween
As 17 million pet owners across the country proudly display their furry friends in costumes this Halloween, trick-or-treaters are likely to see plenty of "pumpkins" on a leash. Other pet costumes with buzz this year? Lobsters, hippies and maybe even a dinosaur or two. NRF's Kathy Grannis shares a list of pet costumes perfect for Fido. Read more.
| Chain Restaurant News | | | | - McDonald's brews bigger coffee push
 McDonald's is actively promoting global sales of its coffee drinks as the category grows in importance, launching a commercial in Australia this week that features a blind taste-test between its McCafe coffee and an unnamed competitor's brew. Since 2004, coffee sales have grown from 2% to more than 6% of total U.S. revenue, and growth may be even greater in some overseas markets. BurgerBusiness.com (10/26) - Fatburger maps out first push into North Texas
California-based burger chain Fatburger is reportedly close to sealing a deal to open 10 Dallas-area franchise locations, a move that would mark the chain's first foray into North Texas, The Dallas Morning News reports. The market has proved a popular one for quickserve burger companies -- recently, competitor In-N-Out Burger detailed plans to open up to eight Dallas eateries and a distribution center. The Dallas Morning News (10/26) | Career Track | | | |  | |  | | | | | | |  |  Director of E-Commerce | The Wet Seal, INC | Foothill Ranch, CA | | Inventory Control Analyst | Castle Megastore Group | Tempe, AZ | | Senior HR/Labor Counsel | Meijer | Grand Rapids, MI | | Systems Analyst-Labor Applications | PetSmart | Phoenix, AZ | | Director, Strategic Communications and Campaign | Universal Technical Institute Inc. | Phoenix, AZ | | Senior Ecommerce Manager | Expedia | Seattle, WA | | Division Merchandise Manager | Sears | Hoffman Estates, IL | | Senior Director - Retail Applications | DSW, Inc. | Columbus, OH | | Senior Retail Marketing Manager | Cabela's | Sidney, NE | | Merchandise Planner - Emblematic Apparel and Gifts, U.S. Stores | Follett Higher Education Group | Oak Brook, IL | | Senior Merchandise Planner - Emblematic Apparel and Gifts, U.S. Stores | Follett Higher Education Group | Oak Brook, IL | | Senior Marketing Manager-Customer Experience | PetSmart | Phoenix, AZ | | Category Manager - Own Brands (Food & Consumables) | Sears | Hoffman Estates, IL | | System Analyst- SQL and Microsoft Dynamics | The Hershey Company | Hershey, PA | | | |  | |  | |
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