| July 16, 2012 | News for the retail industry |  |  | |
- Retailers win $6 billion settlement in credit-card fee case
Visa, MasterCard and some large banks will pay a $6 billion settlement to retailers across the country, temporarily lower credit-card swipe fees and allow merchants to charge more on credit-card transactions, to settle a 7-year-old price-fixing lawsuit. "What we need are changes in the rules that bring about transparency and competition that would be here for years to come," said Mallory Duncan, general counsel to NRF, which was not a party to the lawsuit. The Wall Street Journal (7/13), Bloomberg (7/13), CBS News (7/14)       | Know Which Customers Are Persuadable Before You Market - The power of predicting the true impact your marketing offer will have on customer can be found in uplift modeling, a sophisticated approach that identifies where your marketing efforts can make a real difference. Download the white paper – The Uplift Advantage – and learn how retailers have become smarter about contacting customers – and are driving results. | - Daffy's to close all locations
Off-price retailer Daffy's will liquidate the merchandise at its 19 stores and close down, the company said. The company reportedly hired a liquidator last week, and is expected to shutter most of the stores by the end of October. Women's Wear Daily (subscription required) (7/15) - How Richard Perry is going to recharge Barneys
As the new chairman of a now almost debt-free Barneys New York, Richard Perry has a plan to inject the selling floors with the same kind of energy that's found in Fred's bistro in the Madison Avenue flagship. "With luxury shopping, it's really important to have a good time. This is going to be a New York City mall." Women's Wear Daily (subscription required) (7/16) - Urban Outfitters' T-shirt sparks political debate
 Urban Outfitters' recent release of a T-shirt bearing the image of Republican presidential candidate Mitt Romney sparked national debate in some circles about whether the offering truly represents the company's political views or is an ironic offering to the largely liberal client base. National Public Radio (7/15)  | We're Not Just Bankers, We're Builders
GE Capital offers businesses and consumers around the globe an array of financial products and services, helping to build businesses through capital, insight, knowledge and expertise. We're not just bankers, we're builders. Visit GE Capital. |
  - Report: June retail sales fell 0.5%
Retail sales dropped 0.5% in June, after a 0.2% decline in May, amid declining demand in a host of categories including cars, consumer electronics and building materials, according to a Commerce Department report released Monday. Bloomberg (7/16), Reuters (7/16) - Retailers get a head start on back-to-school
About 20% of consumers started their back-to-school shopping last month, most seeing it as a way to spread the spending out over the summer months, according to a recent survey. Retailers including Staples, RadioShack and Hollister are catering to the early shoppers with discounts on school supplies and early displays of cold-weather clothes. The Indianapolis Star (7/15)  | Could you get more ROI from CRM?
It's no secret that closer customer relationships generate more sales. But if you haven't introduced your associates to the power of advanced clienteling, you haven't even begun to realize your full profit potential! Learn how with our in-depth White Paper: Five Steps to a Better Class of Clienteling. Download your copy now! |
 - Virtual fitting room adoption on the rise
Shoppers at seven malls in Southern California and a growing number of shopping centers throughout the country can step into virtual fitting rooms designed to help them find the best-fitting styles from participating mall merchants. "It's great because it streamlines the shopping process and allows people to shop more efficiently and faster, and ultimately visit more stores," said Sarah Richardson, director of marketing at Westfield Culver City. Los Angeles Times (tiered subscription model) (7/13)  | Scan as fast as you work. Scan as fast as 60 pages per minute with the new Canon DR-M160 and increase your productivity with a bigger daily scan volume of up to 7,000 pages. The document quality is improved with a scan resolution as high as 600 DPI.
Scan more for less. |
  | 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.
| Policy & Government Affairs | |  | | |  |  | Experian has joined forces with Moody's Analytics to create a business index and detailed report that provides insight into the health of U.S. businesses. The new Experian/Moody's Analytics Small Business Credit Index is reported quarterly to show fluctuations in the market and discuss factors that are impacting the business economy. Download the free report now! |
 Most Popular Headlines from Last Week Results based on number of times each story was clicked by readers.
| NRF News | | | | - Retail sales slip 0.4% in June
Persistently high unemployment, stagnant job growth, and international economic unease continue to take a toll on consumer spending. According to NRF, June industry sales (excluding automobiles, gas stations and restaurants) dipped 0.4% seasonally adjusted from May but increased by 1.7% unadjusted year-over-year. "There is no doubt consumers struggled with discretionary spending last month, but many families may be looking at this as a temporary break as they save up for back-to-school shopping in July and August," NRF President and CEO Matthew Shay said. Read more.
| Chain Restaurant News | | | | - Former Beef O' Brady's chief builds fast-casual Greek concept
Former Beef O' Brady's president Nick Vojnovic is now working to build Florida-based Little Greek, a fast-casual concept that's grown from a single family restaurant to nine units and 11 franchises expected to be in the works by the end of the year. Vojnovic first scoped out the concept by clearing tables at the original Little Greek to discover what patrons were eating and what they weren't. The Tampa Tribune (Fla.) (7/15)  | Take your WHAT IF to WHAT NEXT
The Shop.org Annual Summit keeps you a step ahead in our perpetually changing industry. Join us in Denver Sept. 10-12 for networking, idea-sharing and learning with more than 4,000 future-minded digital and omnichannel retail professionals. Learn more. | | |  | | Position Title | Company Name | Location | | Merchandise Planner | Stein Mart | Jacksonville, FL | | Brand Manager | Total Wine & More | Potomac, MD | | Divisional Merchandising Manager, Men's | Stein Mart | Jacksonville, FL | | Director of Planning | Hot Topic, Inc | City of Industry, CA | | Assistant Manager | Armstrong Garden Centers | Los Angeles, Orange County, San Diego, CA | | Vice President and GM of Retail | Rockler Companies, Inc. | Medina, MN | | Specialty Shop Planner - Action Sports | REI | Kent, WA | | Buyer | Payless ShoeSource | Topeka, KS | | Planner – Merchandise Distribution | Payless ShoeSource | Topeka, KS | | eCommerce Site Merchant | REI | Kent, WA | | Retail Buyer - Home | Target | Minneapolis , MN | | Systems Analyst-SaS Application/Interface Support | PetSmart | Phoenix, AZ | | Director Stores - Mid-Atlantic Division | Pier 1 Imports | Columbia, MD | | Lingerie Apparel Buyer | Castle Megastore Group, Inc. | Tempe, AZ | | Director of Marketing - Palm Beach Gardens, FL Store | Saks Fifth Avenue | Palm Beach Gardens, FL | | Merchandise Buyer - Multiple Categories | Kohl's Department Stores | Milwaukee/Menomonee Falls, WI | | Cosmetics Buyer (Experience Required) | Kohl's Department Stores | Milwaukee, WI | | Recruiting Progam Analyst | Burlington Coat Factory | Burlington, NJ | | Director of Payroll | Burlington Coat Factory | Burlington, NJ | | Director of Visual Merchandise | Spirit Halloween | Egg Harbor Township, NJ | | Fashion Buyer | Target | Minneapolis, MN | | Merchandise Planner (various categories) | Kohl's Department Stores | Menomonee Falls, WI | | Target.com Merchandising Buyer | Target | Minneapolis, MN | | IT Support | True Religion Brand Jeans | Vernon, CA | | Mobile Retail and Special Projects Manager | LEGO Systems, Inc. | Enfield, CT | | | Click here to view more job listings. | | |
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Amazon climbed from No. 19 to No. 15 on this year's Top 100 Retailers list, as 2011 U.S. sales jumped 42% to over $26 billion. Source: 
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