STORES 2017 BIG Show Daily - January 15, 2017 - 1
Sunday, January 15, 2017
FOR POSITION ONLY
Rising to the Challenge
elcome back to New York futures. We will likely see reversal in
and Retail's BIG Show. some form of the NLRB's "joint emWe're glad you've joined ployer" rule that threatens the Ameriwhat we believe will be another re- can franchise model -- especially if
cord crowd of industry
fellow retailer Andrew
professionals and soluPuzder is confirmed as
tion providers for the
Secretary of Labor.
unofficial kickoff of the
We don't expect
retail new year.
Obamacare will be
If I had to choose
overturned completeone word to summarize
ly, but we anticipate
what our industry - and
changes that will inmore broadly, the councrease competition and
try and the world - has
reduce the crushing
experienced these past
burden of rising costs
few years, it would
have to be "disruption."
And as politicians
NRF President & CEO
When it arrives, disrupdiscuss repealing the
Matthew R. Shay
tion usually doesn't
feel like a good thing, but the reality is, regulation law, we will fight hard to
we need it to clear logjams and make retain the Durbin Amendment, which
space for what's next.
caps debit-card swipe fees. Repeal
Disruption has come to Washing- of this amendment would double the
ton in a way we've never seen before, fees retailers pay overnight, costing
in the form of a president-elect who billions. We will also be vocal on
is in every sense of the word a retail trade, tariffs and other protectionist
politician: Donald Trump will be the measures.
first retailer president since a Kansas
While this disruption in Washinghaberdasher named Harry Truman ton is new, it pales in comparison to
won in 1946. And with big change the changes in our industry brought
comes fresh opportunity to move the about by rapidly evolving technoloretail agenda forward.
gies and consumer preferences.
On tax reform, simplification will
The predictions of the past are on
unlock productive investments, gener- display now at the Innovation Lab on
ate much-needed growth and create the Expo floor. At the iLab, you can
jobs, and the repatriation of trillions see 3D printers that promise to blur
of dollars of corporate profits will be the distinction between manufacturers
a big shot in the arm for our economy. and retailers, an array of wearables
We expect to see a shift away from that will allow us to track health and
attempts to mandate prosperity with fitness and enhance personal safety
regulations and laws and towards en- and virtual reality applications created
couraging the organic growth of quality jobs with good incomes and strong
See "Welcome" on page 22
2017 BIG SHOW PREVIEW
NRF Foundation Next Generation Scholarship recipient Emma Jumper conducts a
fireside chat with Disney Retail Executive VP Paul Gainer.
Student Program Builds
for Retail's Future
he Student Program at Retail's BIG operations strategy for The Home Depot;
Show wraps up two-plus days of Lauren Mastrodonato, a retail operations
education, inspiration and network- project manager for West Elm; Paige
ing this morning, when selected students Richardson, vice president and divisional
will have the opportunity to interview merchandise manager of contemporary,
for training programs,
young contemporary and
internships and postfast fashion for Belk; and
Blake Smith, designer
More than 660
More than 660 stufor the Kohl's-owned
dents, nearly 80 educaDana Buchman line.
80 educators, 24
tors, 24 retail companies
On Friday afternoon
and close to 100 recruitthe students heard from
and close to
ers participated this year.
STORY founder RaIn Friday's openchel Shechtman, whose
ing keynote, fashion deunique Manhattan bouparticipated
signer Rebecca Minkoff
tique has captured the
shared her story of movindustry's attention by
ing to New York City
completely transformat 18, as well as advice
ing its theme, layout and
to help Millennials succeed in the retail merchandise on a regular basis.
industry. "You'll confront a lot of cynics.
Saturday morning kicked off with an
And yes, failures still happen," she said. Executive Fireside Chat between Emma
"But you'll learn from those failures ev- Jumper, the NRF Foundation's 2016 Next
ery day ... My company and I are proof Generation Scholarship top recipient, and
that going against the norm is the most Disney Retail executive vice president
rewarding thing you can ever do. And I Paul Gainer. "Retail is about teamwork
encourage you to give it a shot."
- and that's not just in the stores, that's
That was followed by a panel con- especially true in the home base environsisting of young retail professionals ment," Gainer said. "We really look for
discussing how they attained high-level people who can be relationship builders,
positions at some of the top retail compa- who can be collaborative, that will have
nies in the country. Moderated by Heidi a point of view but will work well with
O'Neill, president of direct-to-consumer others."
for Nike, the panel included Jake FarSee "Student" on page 22
rell, senior director of interconnected
ike Chairman, President and CEO
Mark Parker will be honored with
NRF's inaugural "The Visionary" award
tonight at the 2017 NRF Foundation Gala.
For a Q&A with the longtime executive who has driven innovation and
growth across the enterprise of the $32
billion sports and lifestyle juggernaut,
please turn to page 4.