| January 28, 2011 | News for the retail industry |  |  | |
- Men's Wearhouse president to replace founder as CEO
Men's Wearhouse named President and Chief Operating Officer Douglas Ewert to succeed company founder George Zimmer as CEO this year. Ewert will keep the title of president after his promotion, and the chain doesn't plan to hire a new COO. Zimmer, who started the men's apparel chain in 1973, will remain chairman of the board. The Wall Street Journal (1/27)       - EBay chief shares struggles to balance work and life
EBay CEO John Donahoe and his wife, Eileen, agreed early on that their careers wouldn't overshadow their lives, a challenge that has sometimes required him to speak up to create change, he told the company's 200 top women executives at a conference this week. Donahoe shared two examples from his career, both of which illustrated the ability to create flexible work situations that benefit employer and employee. "The worst thing is to assume you can't do something," he said. CNNMoney.com/Fortune/Postcards blog (1/26) - Borders wins loan commitment with conditions
Struggling bookstore chain Borders said that it has secured a $550 million loan commitment from GE Capital, but the company continues to explore alternatives as it restructures, including a possible bankruptcy reorganization. GE Capital's offer comes with conditions, including a requirement to obtain secondary debt financing of $125 million. NYTimes.com/DealBook blog (1/27)  | 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. |
 - Stores seek to bring in storm-weary shoppers
Record snow in the Boston area and other parts of the Northeast have kept consumers at home in recent weeks, hitting sales in a month traditionally marked by a post-holiday slowdown. Some are adding promotions and pre-blizzard Groupon deals to bring shoppers in but report that their efforts aren't enough to offset the slowdown. The Boston Globe (1/27) - America's sweethearts set to spend more on Valentine's Day
U.S. consumers are expected to spend 11% more to celebrate Valentine's Day this year than they did in 2010, boosting sales of jewelry, candy and apparel in the typically slower months of January and February, according to a new NRF survey. "Having surpassed expectations during the holiday season, it seems consumers are not done spending on gifts," said CEO Matt Shay. Crain's New York Business (1/27)  | Blog like the big brands
Sony's Sukhjit Ghag joins practitioners from Cisco, Ford, McDonalds and Proctor & Gamble to share insights into using blogs to expand your business. 23 blogging experts give you strategies for engaging your fans & growing your brand at the Blogging Success Summit. Register today! |
 - Wal-Mart CEO predicts tech "inflection point" this year
Mobile and other technologies are shifting the way retail operates, and this year is likely to bring even bigger change, Wal-Mart CEO Mike Duke said at the World Economic Forum in Davos, Switzerland, this week. During the recent holiday season, merchants including Wal-Mart saw an increase in site-to-store shopping and shoppers using mobile phones to compare prices while in the stores. Barrons.com/Stocks To Watch Today blog (1/27) - Traditional retailers' streaming efforts lag
Brick-and-mortar retailers launched several new online video- and music-streaming services last year, but their efforts continue to fall short of services from leading online players Netflix, Apple and Amazon. New offerings from merchants including Best Buy, Wal-Mart and Sears are aimed at offsetting falling DVD and CD sales. The Wall Street Journal (1/28)  | Drive company revenue by simplifying IT strategies.
Investments in IT are often seen as key to supporting core business operations. Microsoft Online Services offers technology solutions outfitted for small to mid-size companies that will free up resources and help employees focus on what matters most. Download this free whitepaper to find out more! |
| NRF News |  | | | - Save $200 on INNOVATE 2011 by registering today
INNOVATE 2011 is back in San Francisco, March 8-10, and will provide retail marketers with their yearly dose of innovative guidance. Speakers for this year's conference include Kevin Kelly of Wired magazine, Guy Kawasaki of Alltop.com and top executives from Steve Madden, RadioShack, Wet Seal and Bazaarvoice. Register today to receive $200 off the on-site registration rate. This advance rate special ends today. Learn more. - When retailers will report monthly sales in 2011
NRF's 4-5-4 calendar serves as a voluntary guide for the retail industry and ensures sales comparability between years by dividing the year into months based on a 4 weeks/5 weeks/4 weeks format. The 4-5-4 calendar also establishes sales release dates, which have historically been on the first Thursday following the month's end. NRF has released calendars for 2010, 2011 and 2012. View the calendars.
| Chain Restaurant News | | | | - Wendy's shares plans for change in 2011
Wendy's plans to emulate McDonald's as it works to turn things around this year, shedding its unprofitable Arby's brand, revving up breakfast offerings, continuing menu innovations and charting a path to international expansion. The company also said Thursday it has signed a development agreement that calls for 50 stores in Argentina during the next decade. American City Business Journals/Atlanta (1/27) , QSRWeb.com (1/27) | Career Track | | | |
 | |  | | | | |  |  Product Manager | EcoQue | Seattle, WA | | 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 | | Manager IS Data Center & Wintel | PetSmart | Phoenix, AZ | | Senior Program Manager | PetSmart | Phoenix, AZ | | Associate Buyer - International & Offshore Markets (Bilingual Spanish required) | OfficeMax | Naperville, IL | | Program Analyst/Logistics | Marine Corps Exchanges/Headquarters Marine Corps | Quantico, VA | | Merchandise Data Analyst | Marine Corps Exchanges/Headquarters Marine Corps | Quantico, VA | | Divisional Merchandising Manager - Men's Sportswear | Stein Mart | Jacksonville, Florida, FL | | Divisional Merchandising Manager - Home Decor & Gifts | Stein Mart | Jacksonville, FL | | Vice President, Sterling | Sterling Shoes Inc. | VANCOUVER, Canada | | 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 | | | |  | |  |
| SmartQuote | | | |  | Whenever people say we mustn't be sentimental, you can take it they are about to do something cruel. And if they add, we must be realistic, it means they are going to make money out of it."
--Brigid Brophy,
British writer  |
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Americans will spend $3.4 billion dining out for Valentine's Day this year. Source: 
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