  | April 1, 2011 | News for the retail industry |  |  | |
- Macy's to invest millions to renovate Chicago store
Macy's will renovate the the first three floors of its eight-level Water Tower location on Chicago's Magnificent Mile, investing to take the highest-traffic areas from dated decor to a bright contemporary look with ceramic floors, white walls and silver accents. The iconic store's first makeover since 1996, when it was still a Marshall Field's, will include the addition of a Benefit brow bar, an Impulse beauty bar and more space for handbags and leather goods. Chicago Tribune (3/31)       - Big Y launches $20 customer loyalty card
Grocery store chain Big Y has rolled out an upgraded customer loyalty card at all 58 of its stores, which offers shoppers deeper discounts in exchange for a $20 annual membership fee. The company says the concept was a success during a six-store test, but some industry watchers say the chain is taking a big risk. "You're asking people to shift from a reward, which is given as a thank you, to prepaying for a discount. It's different," said one industry expert. MediaPost Communications/Marketing Daily (4/1)  | Akamai - The Right Partner with the Right Solution
Are you failing to to satisfy user expectations for an outstanding online shopping experience? Do you need to accelerate your dynamic content? Do you strive to be a retailer that pushes the envelope with site technology and offerings? Learn why the Akamai Dynamic Site Accelerator is the right solution for those issues and more. |
 - Retailers reverse stock-trimming strategy to bring back shoppers
During the downturn, retail chains including Wal-Mart and Walgreens trimmed their product selections to cut costs and eliminate slower-selling items and brands. Now, the chains are reversing course as they hear from a growing number of shoppers angry that their stores no longer stock their favorite lipsticks and other beauty products. "The SKU-reduction process was definitely a learning experience. Much of it was valid and needed, but mistakes were made," said Kathy Steirly, a consultant who was at Walgreens during some of the editing. Women's Wear Daily (subscription required) (4/1) - Companies revamp ads to appeal to young consumers
Merchants are remaking their fashion advertisements with photos of celebrities and sports stars aimed at capturing the attention of teens they hope will both spread positive brand messages via social media and become long-term loyal customers. "Depending on what you sell, if your teen customer is loyal to your brand, you could create a lifetime relationship if you're good to them," said Shop.org's Larry Joseloff. DMNews (4/1)  | Complimentary Aberdeen Cross-Channel Research
Learn what your competitors are planning and doing now to advance from multi-channel to integrated cross-channel retailing, and how you can keep pace. This in-depth, 30-page market research report - a $399 value - is now yours at no cost. |
 - Retailers emphasize urgency for online promos
Limited-time offers such as daily deals from Groupon and LivingSocial are helping retailers profit from consumers' love of discounts. The promotions are effective because they create a sense of urgency, retail experts say. The tactic is becoming more common as retailers look for ways to attract shoppers who are becoming accustomed to lower prices. USA TODAY (4/1)  | Changing Dynamics of Consumerism
When asked to consider their top strategic priorities retailers chose customer satisfaction and retention as the top overall corporate priority. Retailers must focus on maximizing opportunities, shaping customer demands and anticipate their needs inside the store. Learn more about shaping your store in this free e-book. |
| NRF News |  | | | - Boscov's executive weighs in on finding supply chain leaders
In today's supply chain community, executives are looking outside of the traditional talent pools in search of the next generation of leaders. In a quick video interview ahead of NRF's 2011 Supply Chain Summit, Larry Bergman, senior vice president of supply chain and operations for Boscov's, shares his insight into how nontraditional retail sector leaders can amplify supply chain efforts. Watch the video. - NRF SmartBrief: April 1, 2011
 More than three-quarters of retailers have a customer loyalty program in place, while an additional 17% plan to develop one over the next 18 months. Source: Retail Horizons 2011. - NRF: The 2010 year in review
Now available for viewing, NRF has released a digital (and interactive) copy of its 2010 Annual Report. A look inside the 2010 edition showcases NRF's new strategic plan, including a renewed focus on advocacy, communications and education. The report also delves into NRF's work within varied retail communities such as e-commerce, marketing, loss prevention, information technology, sustainability, supply chain and more. View the Annual Report.
| Chain Restaurant News | | | | - Dunkin' ponders going public once again, sources say
Dunkin' Brands is considering an initial public stock offering later this year that would likely raise between $500 million and $750 million, according sources in this article. Private-equity firms Bain Capital, The Carlyle Group and Thomas H. Lee Partners acquired the company, which owns Dunkin' Donuts and Baskin-Robbins, in a $2.4 billion buyout that took Dunkin' private in 2005. MSNBC/Reuters (3/31)  | |  | | | | |  |  Internal IT Auditor II | Dollar General | Goodlettsville, TN | | Senior Manager, Retail Operations | Total Wine | Potomac, MD | | Merchant Opportunities at Kohl's | Kohl's | Menomonee Falls, WI | | Vice President of Supply Chain & Replenishment | Total Wine | Potomac, MD | | Senior Corporate Internal Auditor | PetSmart, Inc. | Phoenix, AZ | | Director of Customer Loyalty | Aeropostale | New York, NY | | Senior Marketing Manager | Stage Stores, Inc. | Houston, TX | | Vice-President 24HourFitness.com | 24 Hour Fitness | San Ramon, CA | | Senior Project Manager | PetSmart | Phoenix, AZ | | Energy Manager | Tractor Supply Company | Brentwood, TN | | General Manager, Merchandise | Smithsonian Enterprises | Washington, DC | | Inventory Manager | Tractor Supply Company | Brentwood, TN | | | |  | |  |
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- Wednesday, March 30, 2011
- Tuesday, March 29, 2011
- Monday, March 28, 2011
- Friday, March 25, 2011
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