 | September 26, 2011 | News for the retail industry |  |  | |
- J.C. Penney dons a more contemporary look
J.C. Penney unveiled an updated look with the opening of a new 105,000-square-foot store in Dallas, with a layout built around a central square featuring a Sephora shop and designed to show off accessories and shoes. Some of the changes hark back to earlier days, with the chain's first toy department in two decades and the return of mannequins with heads to better display the store's hat selections. Women's Wear Daily (subscription required) (9/26)      - Analysts: Tiffany may be worth $12 billion
Tiffany & Co. saw its market value almost triple since the end of the recession, making it an attractive takeover target in a deal that could be valued at as much as $12 billion, analysts say. Watchmaker Swatch recently ended a partnership with Tiffany, which removed an obstacle for potential suitors. San Francisco Chronicle/Bloomberg (9/25)  - Consumers cut back on basics, indulge in extras
Consumers tired of scrimping as unemployment remains high and the economy continues to sag are cutting their spending on staples from socks to vacuum cleaner bags to pay for indulgences such as perfume and purses. "In a poor economy, at any given moment people are more likely to have problems with self-control than otherwise -- because there's only so far their self-control energy can be stretched," one marketing professor said. The New York Times (tiered subscription model) (9/23) - The big business of organized retail theft
Organized retail theft rings are big and getting bigger, costing retailers $30 billion in lost merchandise last year and leaving shoppers paying the bill, say experts including NRF's Joseph LaRocca. Households pay nearly $400 per year in higher prices charged to offset retailers' theft losses, he said. WEWS-TV (Cleveland) (9/25)  | From Black Friday to special promotions, the management of special events is relevant to all segments of retail. Anticipating what could happen, particularly in light of changing technologies and new generations of customers, can be difficult. Click here to reveal the art to minimizing the risk at special events. |
 - Blockbuster creates subscription service
Blockbuster launched a $10-per-month subscription for DISH Network customers that provides streaming as well as DVD and video game rental. The service, $6 less than a similar offering from Netflix, will be expanded to non-DISH subscribers this year, Blockbuster said. Home Media Magazine (9/23), Reuters (9/23)  | Business Analytics: Optimizing Your Operations
Organizations are gathering and storing enormous amounts of information. Read this e-book to see how mid-sized organizations can better use information to drive business decisions to lower costs and improve profit. Discover how you can overcome the barriers midsized business face and improve your competitive position. |
 - Future growth and risk are key components in company valuations
The value of a company that grows its profits by 20% per year as opposed to remaining flat over 10 years is worth double to a prospective buyer, John Warrillow writes. He offers small-business owners a basic guide to understanding company valuation based on projected future profits, profit growth and risk as the main variables buyers will consider. Inc.com (9/7)  |  |  | | Your customers move fast. Can your POS keep up?
Today's shoppers are fully connected, highly informed, omni-channel and fast — and they expect nothing less of you! Learn how mobility can meet their demands by enabling richer engagement, instant information, seamless service and enhanced functionality. This new RTP White Paper explains your options and opportunities. Get your free copy now! | |  |  |  |
 | 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.
| | | Most Popular Headlines from Last Week Results based on number of times each story was clicked by readers. |
| NRF News | | | | - Consignment sales: market penetration vs. risk mitigation
As retailers react to slowing demand and manufacturers compete for limited shelf space to promote their products, more and more retailers are asking their vendors to sell goods on a consignment basis. Although a cost-saver for retailers, this type of selling adds expense and complexity to the manufacturers' supply chain. In a Sept. 29 STORES Knowledge Series webinar, Richard Angelo, director of product marketing for Jesta I.S., will share the risks and gains associated with consignment selling, including insights on channel integration, brand visibility and accounting requirements. Learn more.
| Chain Restaurant News | | | | | Editor's Note | | | | | |  | | Position Title | Company Name | Location | | Director of Planning and Allocation | LittleMissMatched | New York, NY | | Vice President, Business Development | Confidential | Akron, OH | | Merchandise Manager | Party City | Rockaway, NJ | | Payroll Manager | Party City | Rockaway, NJ | | Shopper Marketing and Retail Promotions Director | Two West Inc. | Nationwide, United States | | Associate Merchant - Direct Import | OFFICE DEPOT | Boca Raton, FL | | Contract Recruiter - Merchandising | Burlington Coat Factory | Burlington, NJ | | Sales Associate - Assistant Store Manager - Personal Shopper - Stylists - Visual Merchandisers | Saks Fifth Avenue | Boston, MA | | FIFTH AVENUE CLUB DIRECTOR | SAKS FIFTH AVENUE | BAL HARBOUR, FL | | Senior Wine Buyer | Total Wine & More | Potomac, MD | | Sales Associates - Beauty Specialists - Career Fair - Beachwood, OH | Saks Fifth Avenue | Beachwood, OH | | Sales Associate Career Days at Saks Fifth Avenue- Dallas, TX! | Saks Fifth Avenue | Dallas, TX | | Account Manager | SPANX, Inc | Atlanta, GA | | SALES ASSOCIATE | SAKS FIFTH AVENUE | Hackensack, NJ | | Sales Associate- Saks Fifth Avenue Palm Desert | Saks Fifth Avenue | Palm Desert, CA | | Sales Associate - Sales Support (stock) - Personal Shopper - Career Day | Saks Fifth Avenue | McLean, VA | | MDSR Buyer-Fashion | Meijer | Grand Rapids, MI | | ASSET PROTECTION ASSOCIATE | SAKS FIFTH AVENUE | BAL HARBOUR, FL | | Replenishment Manager | Headquarters, MCCS | Quantico, VA | | REGIONAL RECRUITING MANAGER | SAKS FIFTH AVENUE | ATLANTA, GA | | Buyer (Lawn & Garden/Seasonal/Trim-A-Tree) | Navy Exchange Service Command | Virginia Beach, VA | | Vice President of Distribution and Logistics | Sleep Experts | Dallas, TX | | SALES ASSOCIATES | SAKS FIFTH AVENUE | NEW YORK, NY | | SALES ASSOCIATES | SAKS FIFTH AVENUE | GREENWICH, CT | | Sales Associate Career Day at South Coast Plaza | Saks Fifth Avenue | Costa Mesa, CA | | | Click here to view more job listings. | | |
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Over half of retailers surveyed use average order value as a mobile key performance indicator. Source: 
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