 | January 27, 2011 | News for the retail industry |  |  | |
- Macy's to add more in-store Impulse boutiques
Macy's plans to expand its in-store Impulse boutiques to 220 this year and 400 in the coming years, and the chain hopes to build buzz and sales for its more contemporary offerings with new capsule collections from established and emerging designers. The department store also plans its first pop-up store, a Manhattan location designed to showcase its new Bar III private brand venture. Women's Wear Daily (subscription required) (1/27)       - Toys R Us to bring back product exchange
Toys R Us will begin its annual "Great Trade In" event tomorrow at its namesake and Babies R Us stores, offering customers a 25% discount on new merchandise when they bring in used cribs, strollers, car seats and other baby and toddler items. Billed as a child safety initiative, the event also is aimed at boosting business during the post-holiday slowdown. Retailing Today (free registration) (1/26) - N.Y.'s Stone Flower boutique branches out to Boston
Dress retailer Stone Flower plans to open a store in Boston's Faneuil Hall, its first location outside of New York. The company opened its first store in 2006, selling signature elastic-backed dresses that adjust to fit women up to a size six, and has since branched out to include separates and accessories aimed at 16- to 25-year-olds. Boston Herald (1/26) - Wal-Mart to invest more in Canada as market heats up
 Wal-Mart plans to invest $500 million to open eight new supercenter stores and remodel up to 32 existing stores to include the expanded grocery format. U.S. retailers increasingly are looking to Canada for expansion, including Target, which said two weeks ago it will spend $1.83 billion to buy 220 Zeller's stores, the first of which will become Target locations in 2013. The Wall Street Journal (1/27)  | Mobile barcodes make traditional media both interactive and measurable. When consumers scan these barcodes with their mobile devices, they are immediately connected to the web where they can view videos, coupons, and more. Want to learn more about mobile barcodes? Sign up for a FREE webinar today. | - Consumers to shift focus to product over price in 2011
Retailers need to ensure a unique merchandise mix to attract post-recession shoppers who will focus on product quality over price as their fortunes improve this year, industry watchers say. Chains including Abercrombie & Fitch, Urban Outfitters and Coach are already starting to see improved results with one-of-a-kind offerings, says analyst Christine Chen. Bloomberg (1/26) - Designers shake up men's coats with bright colors
Designers including Burberry and Jil Sander have taken the rather shocking step of turning men's coats -- traditionally a place of subdued hues -- into brightly colored garments that include offerings in hot pink. Some of the styles may be softened before hitting retail racks, but merchants including Saks expect the eye-catching colors to drive more adventurous shoppers to the coat racks this fall. The Wall Street Journal (1/28)  | How can you achieve best-in-class efficiencies and customer satisfaction? Aberdeen knows — and you can too! Their 30-page report presents new research into what your competitors are doing and planning now to advance from multi-channel to integrated cross-channel retailing, and the advantages they will gain. This $399 value is yours at no cost. Download now. |
 - Mattel uses social media to reunite Barbie and Ken
Mattel's Ken doll turns 50 this year, and the company is celebrating with a social media push aimed at telling the story of his efforts to woo back Barbie in time for Valentine's Day. The plastic pair broke up in 2004 but remain friends. Now, the company is documenting his efforts via a Facebook page, Foursquare check-ins as he picks up sweet treats for Barbie at Magnolia Bakery and an ongoing online reality series dubbed "Genuine Ken: The Search for the Great American Boyfriend." CNBC (1/27)  | 23 pros & big brand practitioners on mastering business blogging
Discover the strategies of 23 of the world's most respected blogging experts and specialists like David Germano at the Blogging Success Summit 2011. Benefit immediately when big brands like Procter & Gamble, McDonalds, Sony, and Cisco reveal the latest techniques and proven business-building tactics. Register today! |
 | Main Street |  | | | - Time to reapply for that small-business loan?
Armed with $30 billion in federal support, community banks will begin opening the taps on small-business loans this quarter, Treasury Department officials said. Banks that show an increase in small-business lending will see their interest rates drop to as little as 1%, while those that don't meet lending targets will pay as much as 7% interest on the federal funds. Bloomberg Businessweek (1/24) | Policy & Government Affairs | | | |
| NRF News | | | | - Men to spend twice as much as women this Valentine's Day
It looks like shoppers are still in the mood to spend this January and February as the average Valentine's Day shopper is expected to spend $116.21, an 11% increase over last year's average. A recent NRF survey also showed that men plan to shell out around $160 on Valentine's Day gifts, more than twice as much as the average woman. Read more. - NRF SmartStat: Jan. 27, 2011
 41% of retailers intend to increase domestic store expansions in 2011, up from 25% in 2010. Source: Retail Horizons 2010. - Nominations now being accepted for NRF's LP awards
Know an exceptional retail loss prevention professional? Nominations for NRF's Loss Prevention Awards are now being accepted. The Awards Program honors law enforcement officers, loss prevention professionals, law enforcement agencies and retail companies that have impacted their community and the industry and deserve nationwide recognition. Submit a nomination now for one of these prestigious awards. Learn more.
| Chain Restaurant News | | | | - Starbucks lowers forecast on higher coffee costs
Higher coffee prices are expected to hit Starbucks' bottom line harder than the chain expected, leading the company to revise its earnings forecast for 2011. The company also said it has bought sufficient coffee supply for this year and doesn't anticipate raising prices beyond a round of increases announced late last year. Reuters (1/26) | Career Track | | | |  | |  | | | | |  |  Product Manager | EcoQue | Seattle, WA | | Asset Protection Manager | Saks Fifth Avenue | Beverly Hills, CA | | Vice President - Divisional Merchandise Manager | The Vitamin Shoppe | North Bergen, NJ | | Retail Consulting Affiliate | Management One | Multiple Locations, United States | | Divisional Merchandise Manager (2 positions) | Headquarters Marine Corps-Marine Corps Exchanges | Quantico, VA | | Project Manager, Multi-Channel POS | Sports Authority | Englewood, CO | | Operational Initiatives Manager | Ross Stores, Inc. | Pleasanton, CA | | Store Operations Manager - dd's DISCOUNTS | Ross Stores, Inc. | Pleasanton, CA | | Manager of New Store Openings & Operations | Ross Stores, Inc. | Pleasanton, CA | | Systems Analyst-Merchandising Applications | PetSmart | Phoenix, AZ | | Vice President, Sterling | Sterling Shoes Inc. | VANCOUVER, Canada | | Manager IS Data Center & Wintel | PetSmart | Phoenix, AZ | | Senior Program Manager | PetSmart | Phoenix, AZ | | Program Analyst/Logistics | Marine Corps Exchanges/Headquarters Marine Corps | Quantico, VA | | Merchandise Data Analyst | Marine Corps Exchanges/Headquarters Marine Corps | Quantico, VA | | Associate Buyer - International & Offshore Markets (Bilingual Spanish required) | OfficeMax | Naperville, IL | | Divisional Merchandising Manager - Men's Sportswear | Stein Mart | Jacksonville, Florida, FL | | Divisional Merchandising Manager - Home Decor & Gifts | Stein Mart | Jacksonville, FL | | VP of Marketing | Teavana | Atlanta - Buckhead, GA | | Lead Analyst, Paid Search | Target Corporation | Minneapolis, MN | | Senior Manager, Site Planning | Target Corporation | Minneapolis, MN | | Telecom Business Manager | AAFES | Okinawa, Japan | | | |  | |  |
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