Monday, November 8, 2010

Wal-Mart gets serious in toy-pricing game

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November 8, 2010News for the retail industry
 
  Industry Watch 
 
  • RadioShack reaps rewards from revamping image
    RadioShack's recent efforts to freshen the look of its stores and upgrade merchandise offerings to include a wider selection of smartphones and e-readers paid off in higher quarterly sales and profits. Moves to re-brand the chain, including shortening the name to "The Shack" in the latest ad campaign, were aimed at overcoming the chain's geeky image and appealing to the iPad generation. The Wall Street Journal (11/7) LinkedInFacebookTwitterEmail this Story
  • Wal-Mart gets serious in toy-pricing game
    Wal-Mart's latest round of holiday price cuts on toys came after the chain realized many of its offerings were priced a bit higher than rival discount chain Target. The retail giant and competitors including Target, Toys R Us and Amazon are getting aggressive with early promotions this year, gearing up for what's expected to be an ultra-competitive season for toy sellers. The Wall Street Journal (11/8) LinkedInFacebookTwitterEmail this Story
  • Sears will open its doors on Thanksgiving
    Sears plans to open its stores from 7 a.m. to noon on Thanksgiving, the first time the retailer has offered store hours on the holiday since it opened its first retail location 85 years ago, in an effort to bring in holiday bargain hunters before Black Friday. Sister chain Kmart has a 20-year tradition of starting its seasonal sales on Thanksgiving Day. CNBC/Consumer Nation blog (11/5) LinkedInFacebookTwitterEmail this Story
  • Other News
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  Retail Trends 
 
  • Attention shoppers: "Christmas Creep" is here
    Best Buy, Kohl's and Macy's are among the top retailers to already have kicked off their holiday season promotions. Shoppers have mixed feelings about this so-called "Christmas Creep" phenomenon, according to Chris Morran, senior editor at Consumerist.com. "There are those that find it truly offensive and gaudy and unnecessary," Morran said. "And there are those that don't care at all and those that actually like it. ... People are, sadly, getting used to it." Advertising Age (tiered subscription model) (11/8) LinkedInFacebookTwitterEmail this Story
  • The value of workers as brand evangelists
    Some major marketers, including Kraft Foods and Overstock.com, are recognizing the value of their workers as brand ambassadors, and making them an integral part of focus groups and the face of ad campaigns. "Employees need to be a part of the marketing supply chain," said Jim Speros, chief marketing officer of Fidelity Personal, Workplace and Institutional Services. "Many companies forget that their employees are their ultimate brand ambassadors." Advertising Age (tiered subscription model) (11/8) LinkedInFacebookTwitterEmail this Story
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  Retail Technology 
 
  • Amazon reportedly is set to purchase Diapers.com's parent
    Amazon is expected to announce as early as today that it will acquire Quidsi, the parent company of Diapers.com and Soap.com, in a deal valued at about $545 million in cash and assumed liabilities. The potential acquisition comes amid Amazon's push to increase its piece of the fast-growing household-goods segment of online retail, which hit about $10 billion last year. The Wall Street Journal (11/8) LinkedInFacebookTwitterEmail this Story
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  Hot Topics 

Top five news stories selected by NRF SmartBrief readers in the past week.

  • Results based on number of times each story was clicked by readers.
  Featured Content 
 

  NRF News 
  • Retail container traffic to be up 9% in November
    Import cargo volume at the nation's major retail container ports is continuing to wind down as the year comes to an end but is nonetheless expected to be up 9% in November over the same month last year, according to the monthly Global Port Tracker report released by NRF and Hackett Associates. "Retailers know shoppers still have the economy in mind, so they are being very mindful with inventory levels this year," NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. Read more. LinkedInFacebookTwitterEmail this Story
  • NRF SmartStat: Nov. 8, 2010
    Nearly two-thirds of retailers expect their company's online sales to grow by 15% or more this holiday season compared with 2009. Source: Shop.org survey conducted by BIGresearch. LinkedInFacebookTwitterEmail this Story
 
  • NRF unveils new team rate for Retail's BIG Show
    NRF retail members attending Retail's BIG Show can save even more by registering as a team. The new team rate is five or more retail members registering at the same time. Each team member receives the "Members Only" retail team rate of $725 per person -- a $550 savings off the on-site rate. Learn more. LinkedInFacebookTwitterEmail this Story

Learn more about NRF ->Join NRF  |  Govt Relations  |  NRF Events  |  STORES  |  NRF Foundation

  Chain Restaurant News 
  • McDonald's names new head of European division
    McDonald's has elected Steve Easterbrook as the new president of operations in Europe, to succeed Denis Hennequin. Hennequin will leave the post Nov. 30 to become CEO of Accor Hotels Group. Currently the chain's global chief brand officer, Easterbrook will head operations at 6,800 stores in 39 countries. QSRMagazine.com (11/5) LinkedInFacebookTwitterEmail this Story
  Career Track 
Senior Attorney, LitigationdressbarnSufffern, NY
Director of E-CommerceThe Wet Seal, INCFoothill Ranch, CA
Director Supply Chain Systems and Business AlignmentPetSmartPhoenix, AZ
Systems Analyst-Labor ApplicationsPetSmartPhoenix, AZ
Compliance ManagerMeijerGrand Rapids, MI
Creative ManagerNeiman Marcus/Bergdorf GoodmanIrving , TX
Retail Marketing DirectorOfficeMax, IncNaperville, IL
Director, Strategic Communications and CampaignUniversal Technical Institute Inc.Phoenix, AZ
Senior Ecommerce ManagerExpediaSeattle, WA
Division Merchandise ManagerSearsHoffman Estates, IL
Merchandise Planner - Emblematic Apparel and Gifts, U.S. StoresFollett Higher Education GroupOak Brook, IL
Senior Employment/Labor CounselMeijerGrand Rapids, MI
Senior Merchandise Planner - Emblematic Apparel and Gifts, U.S. StoresFollett Higher Education GroupOak Brook, IL
System Analyst- SQL and Microsoft DynamicsThe Hershey CompanyHershey, PA
Category Manager - Own Brands (Food & Consumables)SearsHoffman Estates, IL

  SmartQuote 
The past cannot be changed. The future is yet in your power."
--Mary Pickford,
Canadian-American actress


 
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