| February 3, 2011 | News for the retail industry |  |  | |
- BJ's Wholesale Club may put itself up for sale
Natick, Mass.-based BJ's Wholesale Club said Thursday it plans to consider options including a possible sale of the company, a month after reports of a possible hostile takeover bid by private equity firm Leonard Green & Partners. Also last month, BJ's announced plans to close five underperforming stores and cut 100 corporate jobs as part of a move to stave off dissatisfied shareholders. The Wall Street Journal (2/3)       - Borders says company plans to stay in business
Borders plans to remain in business and is working to restructure with the goal of creating a "strong Borders for the long term," a spokeswoman said Wednesday. Earlier news reports say the company will likely have to close an additional 150 stores, either through bankruptcy reorganization or as a condition of obtaining new financing. The Plain Dealer (Cleveland) (2/3) - J.C. Penney debuts Modern Bride jewelry section
J.C. Penney has branded a section of the jewelry department in its 1,100 stores as Modern Bride under a licensing agreement with publisher Conde Nast. The section's four lines of engagement and wedding rings range in price from $300 to $4,200 and are part of a push by the chain to add brands and product lines that will attract younger shoppers. The Dallas Morning News (free registration) (2/1)  | Attend Webinar: Maximize Revenue Performance from Product Recommendations
Join Forrester Research eCommerce expert, Sucharita Mulpuru, and Certona CEO, Meyar Sheik, as they share best practices and key success strategies that drive incremental sales and boost average order values from personalized product recommendations! REGISTER | - Aspirational shoppers boost upscale brands' sales
Middle-income shoppers who tightened their belts during the downturn are spending more on luxury goods, spurring sales growth at high-end brands including Coach, Elizabeth Arden and Estee Lauder-owned MAC and Bobbi Brown, all of which are expected to report higher quarterly sales and earnings. The Wall Street Journal (2/3) - Tween makeup lines aim to please parents, too
Wal-Mart and Target are among the companies creating new lines of tween cosmetics designed to appeal to the target customer while making moms feel more comfortable about preteens wearing makeup. Wal-Mart's geoGirl line of natural cosmetics has products named after texting acronyms, and Target's line carries the perennially popular Hello Kitty brand. The Wall Street Journal (2/3) - Kentucky couple charged with theft of baby formula
Police arrested two Kentucky residents in a Wal-Mart parking lot and charged the pair with receiving stolen property after finding $4,770 worth of baby formula in their van. Formula theft is a major concern for merchants and consumers because of safety concerns and the risks posed to the products' nutritional value when it's stored at high temperatures or for long periods of time, says NRF's Joseph LaRocca. Springfield News-Leader (Mo.) (2/3)  | Are you keeping up with the changing world of employee health care? Get The Basics of Employee Health Care for Small Business: A Guide to Creating a Company Benefit Plan, and find out what you need to know today. There's no obligation. Click to download a FREE whitepaper. |
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 - Another reason to dread April 15
As if tax time weren't bad enough, experts say it's also prime time for malware, phishing and other cyberdangers. What can you do to protect yourself? Pay attention to e-mail senders, scan attachments before opening and use safe-searching technology on your browser. Also, keep in mind that any e-mail from the Internal Revenue Service is automatically bogus; the agency always contacts taxpayers via snail mail. BusinessNewsDaily.com (1/26)  | Increase daily productivity with comprehensive modern software. Consistently dependable office tools from Microsoft Online Services can reduce employee downtime on-premises and in the cloud. Learn more about implementing IT strategies with reduced operational costs in this free whitepaper. |
| NRF News |  | | | - Restructuring at NRF leads to staffing changes and a new COO
Following the approval of a new strategic plan, NRF announced today changes to its organizational structure to help achieve newly outlined priorities, including a sharpened focus on advocacy. As part of the restructuring, Carleen Kohut, who has served as NRF Senior Vice President and Chief Financial Officer for the past 10 years, has been promoted to Chief Operating Officer. David French, formerly of IFA, also joins NRF as chief lobbyist. Read more. - 2011 Global Supply Chain Summit advanced registration rate ends Feb. 11
NRF's Global Supply Chain Summit, April 10 to 12, 2011, in Columbus, Ohio, is the premier retail event for senior supply chain executives, their teams and strategic business partners. The inaugural event will focus on three of the most critical topics facing supply chain operations today -- people, compliance and sustainability. Register before Feb. 11 to save $400 off the on-site registration rate. Learn more.
| Chain Restaurant News | | | | | 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 | | Associate Buyer - International & Offshore Markets (Bilingual Spanish required) | OfficeMax | Naperville, IL | | Vice President, Sterling | Sterling Shoes Inc. | VANCOUVER, Canada | | Divisional Merchandising Manager - Men's Sportswear | Stein Mart | Jacksonville, Florida, FL | | Divisional Merchandising Manager - Home Decor & Gifts | Stein Mart | Jacksonville, FL | | Telecom Business Manager | AAFES | Okinawa, Japan | | VP of Marketing | Teavana | Atlanta - Buckhead, GA | | Lead Analyst, Paid Search | Target Corporation | Minneapolis, MN | | Senior Manager, Site Planning | Target Corporation | Minneapolis, MN | | | |  | |  |
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17.3% of people are planning to buy jewelry this Valentine's Day, up from 15.5% last year. Source: 
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