| July 6, 2012 | News for the retail industry |  |  | |
- Walgreen agrees to acquire 144 stores for $438M
Walgreen said it will pay about $438 million for 144 stores from Stephen L. LaFrance Holdings that are operating as names including Super D Drug and USA Drug. The deal includes a distribution center, a private-brand business and corporate offices in Little Rock, Ark. The stores, which will keep their names, are in Arkansas, Kansas, Mississippi, Missouri, New Jersey, Oklahoma and Tennessee. The Wall Street Journal (7/5)       | 10 Principles for Building an Effective Human Capital Plan
The Human Capital Plan is an important tool that organizations use to drive focused actions that can ensure goal achievement and business success. It allows organizations to assess, plan for, and respond proactively to its human capital challenges and needs. Download the white paper to learn more. |
 - CMO: SUPERVALU takes a local approach to building sales
 SUPERVALU's "hyperlocal" approach and emphasis on expanding its less-pricey Essential Everyday brand to 2,700 products are key components in the national supermarket chain's push to revive flagging sales, says marketing chief Michael Moore, who left Procter & Gamble last year to spearhead the chain's turnaround. "Consumers are still very conscious about saving money and having great value, but they are also very conscious about not giving up great quality." Advertising Age (tiered subscription model) (7/5) - Banana Republic to launch line inspired by "Anna Karenina"
"Anna Karenina" costume designer Jacqueline Durran has teamed with Banana Republic to create a holiday capsule collection timed to debut in the weeks before the film's November release. "As we began designing this Holiday collection, we found ourselves very inspired by the elegance typical of the Anna Karenina time period," said creative director Simon Kneen. Retailing Today (free registration) (7/5) - Apple's retail growth in China lags
Apple operates just six retail stores in all of China, a country that delivers a fifth of the company's revenue, and expansion progress is lagging behind the goal set in 2010 to have at least 25 stores there by this year. Strong demand for Apple products feeds a growing gray market and has led to the creation of copycat Apple stores in some smaller cities. The New York Times (tiered subscription model) (7/5)  | 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! |
 - Stores use their experience to drive traffic
Brick-and-mortar stores looking to compete in an age of online shopping are adding features from putting greens at Golfsmith to mattress demonstrations at Tempur-Pedic stores to drive traffic. The trend of stressing experiences that can't be replicated in the virtual world is likely to grow in the coming years, as traditional stores seek to differentiate themselves from online rivals, industry experts say. STORES magazine (7/2012) - Luxury still a bright spot for retailers
June's same-store sales grew only 0.1%, below analysts' expectations, but there were signs of strength at the high- and low-price ends of the spectrum. High-end retailers Saks and Nordstrom reported increases of 6% and 8.1% respectively, despite analysts' predictions that the luxury market is softening. CNBC (7/5)  | Knowing your customer better comes with undeniable benefits. But challenges arise from behaviorally-targeted advertising with critical caveats on the management of personally identifiable information. Learn to balance profitable marketing, regulation and consumer trust in this FREE white papaer. |
 | Retail Technology |  |  | | - What do third-party certifications bring to the menu?
Subway became the first restaurant chain to win the American Heart Association's heart-check mark on some of its menu items last month. Such third-party certifications from recognized experts can help restaurants build trust among consumers, provided the certifications correspond to the brand's broader positioning, says Hartman Group analyst Greg Prang. QSR Magazine (7/2012) | Policy & Government Affairs | | | |
| NRF News | | | | - App or mobile site? A retailer's definitive guide to m-commerce success
A key driver of mobile shopping is convenience and ease of use, and there is no better way to achieve this than a well-executed mobile strategy. In a recent addition to the NRF Retail Reference Center, mobile solutions provider 5th Finger explains the mobile purchase process for consumers and dissects how some of the industry's leading retailers such as Wal-Mart, Home Depot and Gap are leading the pack in this space. Download the white paper. - How Nordstrom raises customer experience to new heights
This 111-year-old retailer is not resting after a century of success; it's continuing to evolve the customer experience by leveraging new channels and technology. In a keynote at the Shop.org Annual Summit in Denver, Sept. 10 to 12, Jaime Nordstrom, President of Nordstrom Direct, will share insights into how the company is working to build on its culture of service and take its commitment to customers to a new level. Learn more.
| Chain Restaurant News | | | | - CEO: Ground Round good with slow, steady growth
The Ground Round Independent Owners Cooperative has signed franchisees for five restaurants in New Jersey, three in Minnesota and one in Wisconsin, five of which are on track to open this year, says CEO Jack Crawford. The brand, acquired by the franchisee group after a bankruptcy eight years ago, is stressing quality over quantity with its comeback strategy, he says. Wicked Local Blog/Mass. Market (7/6) | |  | | Position Title | Company Name | Location | | Vice President and GM of Retail | Rockler Companies, Inc. | Medina, MN | | Sr. Merchandise Planner | BevMo! | Concord, CA | | Buyer-Consumables (Food & Candy) | Headquarters Marine Corps-Marine Corps Exchanges | Quantico, VA | | Assistant General Manager of Merchandising (AGMM) | Saks Fifth Avenue | Huntington Station, NY | | Assistant General Manager of Merchandising (AGMM) | Saks Fifth Avenue | Sarasota, FL | | Merchandise Buyer - Multiple Categories | Kohl's Department Stores | Milwaukee/Menomonee Falls, WI | | Cosmetics Buyer (Experience Required) | Kohl's Department Stores | Milwaukee, WI | | Marketing Director | Saks Fifth Avenue | Huntington Station, NY | | IT Support | True Religion Brand Jeans | Vernon, CA | | Inventory & Gross Margin Analyst | WEST MARINE | Watsonville, CA | | Mobile Retail and Special Projects Manager | LEGO Systems, Inc. | Enfield, CT | | Divisional Vice President, Marketing - Customer | REI | Kent, WA | | Divisional Vice President, Marketing - Brand Creative | REI | Kent, WA | | District Manager | Hallmark | Raleigh, NC | | District Manager | Hallmark | New Orleans, LA | | Sr. Site Manager, Shopping Experience | Apple, Inc. | Cupertino, CA | | DMM | Francesca's Collections | Houston, TX | | Associate Buyer - Toys | Shopko | Green Bay, WI | | Divisional Private Brand Manager - Ladies | Shopko | Green Bay, WI | | Merchandise Planning Manager | Spirit Halloween | Egg Harbor Township, NJ | | | Click here to view more job listings. | | |
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Over 40% of Americans said they will buy more store brands or generic products when shopping for back-to-school items this year. Source: 
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