STORES Magazine - December 2009 - (Page 16)

trEnDS 10 THINGS YOU MAY HAVE MISSED End pages … Mallbased Waldenbooks will close 200 locations next month, leaving it with 130 stores in operation. “All of the remaining mall bookstores will be profitable,” says Ron Marshall, CEO of corporate parent Borders Group, adding that the closings were part of a broader restructuring as Borders faces sharp price competition from rivals Wal-Mart, Target and Compiled by David P. Schulz Price war … The holiday selling season began with deep discounting on books, then moved to DVDs or local currency; the exchange rate is guaranteed at time of purchase and includes all duties, taxes, shipping and handling charges. Purchasers will also receive an estimated time for delivery. Grandstand play … Moving beyond logoed headwear, Genesco has acquired its third regional specialty chain selling teamlicensed apparel and game jerseys. Genesco bought 37-unit, Tampa-based Sports Fan-Attic to go with Impact Sports of Madison, Wis., and Great Plains Sports in St. Paul, Minn. The clothing chains go into a corporate portfolio that also includes Lids, Hat Shack and Hat World. 9,000 Subway sandwich shops, where it was being tested for nearly a year. Starbucks CEO Howard Schultz has eschewed the fast-food business in the past, but says he was ready to partner with Subway after chains like McDonald’s pushed down and transferring prescription files to nearby Walgreens drug stores. Aurora, which continues to operate 81 freestanding stores, says the grocery-based units were too small to offer all the services it wanted to make available. Public option … Following a two-year dormancy, retailers are again making initial public stock offerings. The 434-store Vitamin Shoppe chain controlled by Irving Place Capital Management has unveiled plans to go public; 8,600-unit Dollar General and rue21, a 500-store apparel retailer, went public in midNovember. Prior to these aggressively into the coffee and breakfast business. after Wal-Mart’s website slashed prices on last summer’s blockbuster movies to just $10. It didn’t take long for and Target to match prices on most of the same offerings. Among the cheap titles available: “Star Trek,” “Harry Potter and the Half-Blood Prince,” “Terminator Salvation” and “Night at the Museum: Battle of the Smithsonian.” Virtual expansion … Going global doesn’t necessarily mean building stores overseas. Nordstrom, the Seattle-based purveyor of tony apparel and fashion footwear, is taking its e-commerce business to 30 countries abroad. Consumers making purchases through Nordstrom’s international website can pay in U.S. CPG concerns … Shopper marketing is at a crossroads for consumer product goods manufacturers trying to understand what works instore, how to compare it with out-of-store and how to bridge the measurement gap, says the Grocery Manufacturers Association in a report compiled with Booz & Company. Among the findings: vendors haven’t aligned shopper marketing with other marketing capabilities, and retailers and manufacturers haven’t learned how to convert shopper insights into actions with measurable ROI. New looks … 7-Eleven continues to reshape operations as it transforms itself into primarily a franchisor of convenience stores. The Japanese-owned, Dallas-based company recently expanded its line of 7-Select private label products by adding 15 packaged bakery items. Last month, 7Eleven unveiled a digital video network in 60 stores in California, Texas and Florida that carries product information and promotional messages. Plans call for the TV network to eventually roll out to more than 6,200 locations. deals, the last retail IPO, for Ulta Salon, Cosmetics and Fragrances, took place in October 2007. Java jive … Starbucks is expanding its Seattle’s Best Coffee brand to some Rx sale … Milwaukeebased Aurora Health Care is shedding retail pharmacies located inside supermarkets. Roundy’s is buying 20 pharmacies operating in its Pick ’n Save and Copps grocery stores in southeast Wisconsin. Walgreen will purchase 10 other Aurora pharmacies inside other supermarkets with the intention of shutting them Inside the box … Sears and Kmart have borrowed each other’s merchandise, copied store planning ideas and even swapped locations. Now there is a Sears Outlet operating within a Kmart store in Bloomfield Hills, Mich. The Sears Outlet is offering irregulars, out-of-carton stock, scratched or marred items and discontinued lines from house brands Kenmore and Craftsman as well as LG, General Electric, Nordic Track, Sony and Sealy. 16 STORES / DECEMBER 2009 WWW.STORES.ORG http://WWW.STORES.ORG

Table of Contents for the Digital Edition of STORES Magazine - December 2009

Stores - December 2009
Editor’s Page
President’s Page
Wrapped in Mystery
Hot Colors for 2010
Holding the Line on New Lines
Busting Bad Customers
10 Things You May Have Missed
JCP Teams with Olsen Twins
Retail People
Half Full–or Half Empty?
Retail Industry Buying Guide
Loeb Retail Letter
ARTS Update
NRF News
Point of View
Retail Industry Calendar
End Cap

STORES Magazine - December 2009