Call for Entries: 2016 Retail AP Innovation Awards
The Retail Industry Leaders Association (RILA), the trade
association for the world's largest and most innovative retail companies, announced it is now accepting applications for the
2016 Retail AP Innovation
Awards. The Awards recognize the most visionary and influential solution
providers on the horizon and serve as a showcase for the most exciting new
technologies in major areas of asset protection.
Applicants will compete in several categories, including Business Intelligence
and Analytics, Operational Loss, Crimes Against Business, and more. A panel of
top executives in retail asset protection will review all submissions and
winners will be announced at RILA's
2016 Retail Asset Protection Conference,
April 17-20 in Dallas, Texas.
Entries are due by March 4, 2016. For more information, visit the
Regis salons keeps Asset Protection in Top Focus in Quarterly Report
Dan Hanrahan, President and Chief Executive Officer, commented, "Our focus on
Leadership Development, Technical Education and Asset Protection is continuing
to improve our execution capability."
Asset Protection. Creating an environment where all stylists are working
together, positively contributing to the health of our salons and salon teams,
remains a key priority for our Asset Protection team. Partnering with field
leaders, our Asset Protection team continues to see positive trends in salons
where we have conducted awareness training sessions and salon visits. During the
second quarter, the Asset Protection team conducted over 1,000 awareness
training sessions and salon visits, bringing our year-to-date total to
approximately 1,900. Not only did we continue to see sales trends improve due
to these visits, but our Asset Protection team also assisted our field leaders
in retaining high performing stylists and coaching stylists to grow their
businesses to earn commissions.
Does Staples Cuts signal their pessimism about Office Depot merger?
Staples announced leadership changes that put greater focus on its
business-to-business segment as the retailer faces a future minus Office
"We are streamlining the organization and building a simplified structure that
will speed decision-making and enable us to focus on driving profitable growth,"
said Ron Sargent, chairman and CEO. "These changes will help us compete in a
rapidly evolving marketplace, either as a standalone company or in combination
with Office Depot."
Here Comes Grocery's New Low-Price Competitor - Germany's Lidl
The retailer revealed on its website that it is seeking locations between New
Jersey and Georgia. It said it is looking to build stand-alone,
36,000-sq.-ft. stores on sites that are at least 3.5 acres with a minimum of 150
parking spaces. Lidl operates some 10,000 stores across Europe. In June, the
company announced that it was establishing a U.S. headquarters and distribution
center in Arlington, Virginia. chainstoreage.com
Credit card security has no silver bullet
As the shift to EMV (Europay,
MasterCard, Visa) technology makes in-person, point-of-sale (POS) transactions
more secure, criminals are shifting the bulk of their attacks to online, or
card-not-present (CNP) transactions.
Indeed, Javelin Strategy & Research predicted more than a year ago that CNP
fraud will be four times that of POS fraud by 2018. If a reduction in one type of
fraud is simply offset by a similar or greater increase in another type, what is
According to Javelin, it is not the whole story.
The company immediately
followed its prediction with the assertion that the spike in CNP fraud is not
being caused by EMV but is simply because CNP transactions are growing so fast.
It is, "due to an increase in transaction e-commerce volume and has little to
do with a change in criminal behavior post-EMV," the company said.
Other experts agree that e-commerce is rapidly expanding, prompting criminals to
focus on it because, as bank robber Willie Sutton famously said, "that's where
the money is."
If the experience in the UK with the rollout of EMV, which began more than a
decade ago, is any guide, POS fraud will decline in the U.S. Carson Sweet, chief
strategy officer at Cloud Passage, cites statistics gathered between 2004 and
2014 (see graph above), which show that card-present fraud declined while CNP fraud steadily
Danger signs at the mall? More empty storefronts
The death of the mall has been greatly exaggerated. Yet as online shopping and a
wave of store closings continue to erode sales at these shopping centers, a new
report has found that softness is starting to creep into their economics.
According to research by Green Street Advisors, for the first time since the
recession, occupancy at malls is declining, and market rents appear to be
In a report released late Tuesday, the real estate research firm said it now
expects same-tenant sales will grow 1.2 percent between 2016 and 2019. That's
down from last year's forecast for 2.6 percent gains over the same time frame,
and represents a decline from last year's 4 percent growth. Similarly, market
rent growth is expected to rise 1.5 percent during the four years ending in
2019, compared to the firm's prior forecast for 2.5 percent growth.
According to the Green Street, the biggest factors weighing on malls'
fundamentals include the rise of online shopping; weakness at traditional
"anchor" locations - in particular, department stores; and softer demand from
retailers, who are working to prune unproductive square footage from their
Number of convenience stores in U.S. reaches record level in 2015
Despite plummeting fuel prices, the ranks of convenience stores swelled to a
record level last year. The U.S. convenience store count increased to 154,195
stores as of Dec. 31, a 0.9% increase (1,401 stores) from the year prior,
according to the 2016 NACS/Nielsen Convenience Industry Store Count. Within the
retail universe that Nielsen tracks, convenience stores account for 34.2% of all
outlets in the United States, which is significantly higher than the U.S. total
of other retail channels including superettes, supermarket and supercenters
(51,055 stores), drug stores (41,969 stores) and dollar stores (27,378 stores).
Everything must go! 75% off at closing Walmart stores
Items at the 137 Walmart stores set to close Thursday are now 75% off, up from
50%. Some items are excluded from the discount, including firearms, ammunition,
prescriptions, tablets and smartphones. Alcohol and lottery tickets are also not
discounted. The discount retail giant announced on Jan. 15 it was closing 269
stores, including 154 U.S. stores. The smaller Walmart Express stores, which the
company introduced in 2011, make up the majority of the closings, with 102
stores set to close.
With an 81% retention rate, Apple Store employees 'feel connected', says exec
Having jumped to Apple in 2014 after eight years as CEO of Burberry, Angela
Ahrendts talks with Fast Company's Rick Tetzeli about how Tim Cook is building
on Apple's culture: "In the first six months I was able to hit 40 different
markets and spend time with the leaders. An amazing culture was already built
and an amazing foundation. I would first of all just listen and learn. And then
you start in your own mind to think where you can add value - you're uniting
people, you're getting them to collaborate. You're building trust. That alone is
empowering. We just ended the year with the highest retention rates we've ever
had: 81%. And the feedback [from Apple Store employees is that it's] because
they feel connected. They feel like one Apple. They don't feel like they're just
somebody over here working with customers. I don't see them as retail
employees. I see them as executives in the company who are touching the
customers with the products that Jony [Ive] and the team took years to build.
Somebody has to deliver it to the customer in a wonderful way."
Penn picture drives El Chapo shirt sales through the roof, 'paralyzing' small
One small Los Angeles retailer has been "paralyzed" by extreme demand after
images of drug kingpin Joaquín "El Chapo" Guzman wearing two of their colorful
shirts were featured in a controversial
Rolling Stone article about the prison escapee earlier this month. The
phones have been ringing off the hook at Barabas and millions of emails are
flooding the company's inbox, Vice President Tatiana Kivachook told Mashable.
Requests have been coming in from around the world for the shirts worn by El
Chapo, from countries such as the U.K., France, Germany, Australia and Bulgaria.
In the images - he is shaking hands with actor and author of the article Sean
Penn in one - Guzman is shown sporting the newly-named "El Chapo" Fantasy
button-down and the "El Chapo" Crazy Paisley button-down.
Bankruptcy judge OKs expedited auction for Joyce Leslie stores
Kroger launches home delivery in Cincinnati
Same Store Sales Results
Tractor Supply Co. Q4 comp's down 1.4% with net sales up 3.9% (opened 114
stores in '15)
Land's End Q4 preliminary same-store sales decline of 8% to 10%
Hhgregg Q3 comp's down 10.8% with net sales down 10.9%
Same Store Sales Results
Rite Aid January comp's down 1.4%, front-end down 1.9%, pharmacy down 1.2%