The Downing &
Downing Annual NYC dinner party was a huge success
Monday night with over 100 LP executives
attending which had a very interesting
program that included Bill Titus, VP of LP
for Sears Holdings Corp., being honored by
the NRF for his efforts as their Chairperson
of the LP Advisory Council from 2009-2011,
and had Hitha Prabhakar- author of "Black
Market Billions - How ORC Funds Global
Terrorists" speaking, and also included LP
Team pictures that were taken - which will
be appearing in the Daily over the next few
weeks with some success stories about each
team. Look for more information on this even
in our special edition coming next week.
The Senates Protect IP Act may be dead.
With a 7 million signature
petition opposing both the IP Act and the Stop Online Piracy
Act delivered yesterday to Congress coupled with the
mounting opposition from virtually every tech giant the acts
may be destined to head back to the drawing boards. With
most claiming they went too far and turned web sites into
web cops that could indiscriminately yank any web content
they want. While the fight is not over, a large number of
congressional members are switching camps to the opposition.
Retailers take a stand on anti-piracy legislation
Several major web sites, including a handful of e-retailers,
yesterday rallied to protest two Congressional bills that,
opponents say, would hinder online commerce and free
Routine Traffic Stop yields $5.7 million in counterfeit Nike
shoes and Louis Vuitton leather jackets.
A routine traffic stop of a semi loaded with counterfeit
merchandise happened Monday night in Cheyenne. The semi had
started in Los Angeles and was on it's way to none other than
New York City. 18 pallets were inside the trailer, all of
which was counterfeit and had been produced in China. (Source
quickly running to the tablet world for sales floor
employees making virtually everyone a cashier.
Three retailers just this week reported that by the end of
the year their sales floor associates will be equipped with
pc tablets that connect them to virtually everything and
allows them to help the customer, track inventory, and
finalize purchases which includes - returns. This new step
brings with it a host of shrinkage possibilities that will
challenge every Loss Prevention executive in the industry.
With every customer now connected thru their mobile and
tablets we'll now see every employee connected as well. It's
coming. Are you ready?
New study shows that tablet purchases are higher then laptop
or desktop computer purchases.
Thereby reinforcing the above mentioned news item. (Source
Sam's Club CEO Cornell shares plans to leave and is replaced
by current Walmart U.S. east business unit President Brewer;
new corporate CAO, CIO and Walmart U.S. COO named.
Wal-Mart Stores, Inc. today announced a number of changes
across the business, drawing on a deep bench of internal
talent. With Cornell’s departure, Rosalind G. Brewer, 49, is
promoted to president and CEO of Sam's Club, reporting to
Duke, effective Feb. 1. (source
Consumer retail spending was down in November last year with
car sales plummeting by almost 40 percent, according to the
Retail Sales Index released this morning.
Meanwhile, sales revenues for food stores, building
materials and service stations all saw an increase.
Consumers spent an estimated $81.5 million on goods and
services last November, representing a decrease of $2.3
million. Sales revenue for clothing, accessories and
jewellery dipped 7.1 percent during November. (source
Memphis Police officer charged with retail theft.
A police spokeswoman said Gardner is accused of entering a
dressing room at Macy's in Germantown on Thursday and
concealing over $700 worth of merchandise in a diaper bag
and garment bag. (source
2012 the year of the restaurant?
At last week’s ICR XChange both restaurant chain executives
and securities analysts were bullish on the year ahead. The
largest themes from restaurant executives included a return
to unit growth after recession-driven stagnation, continued
focus on providing value to consumers, and finding the best
way to increase menu prices to offset rising costs.
Smashburger, the 140-unit better-burger chain, said it will
execute about a 1.5-percent price increase at some point
before July. Boloco is planning to add six new locations.
Krispy Kreme said it is looking to hit between 400 and 500
U.S. units in five years. (source
Netflix executives alleged to have misled investors to jack
up stock price while cashing in on $90M worth
Last year, Netflix Inc. executives misled investors into
thinking business was booming while they raked in $90
million dollars from selling their own company shares before
the stock plummeted, alleges a class-action complaint filed
by investors this week in California. Losing HBO this year
and a host of other problems they felt late last year may
have been predictable by those in the position to know such
things. The suit will probably never make it to court. But
leave it to say where there's smoke there's usually fire. As
if Netflix needs more problems. (Source
Retail foot traffic drops 3.1% over the holiday's and that
decrease will probably be the trend
With the increasing online savvy consumer retailers will
have an increasingly difficult time getting customers in
their stores and buying. And Mickey Drexler, Chairman and
CEO of J Crew, suggested this week at the Financo Forum that
retailers need to do more to drive shoppers to the stores.
"I'm worrying when traffic is down at the mall," Drexler
Consumers are still skittish about shopping, according to a
Retail sales are expected to rise just 3.4 percent to $2.53
trillion in 2012, the National Retail Federation said
Monday. That's below 2011's pace, in which sales grew 4.7
percent over the course of the year. Not good news to start
the new year. (Source
Shoot out near a Sears Store at Independence Mall in KC last
Saturday sent shoppers running for cover.
Two people were injured in a
shooting at suburban Kansas City shopping mall late Saturday
afternoon, prompting a lockdown of the shopping center,
police said. (Source
Payment Security Practices and Trends Report 2011 released
How does your organization compare? Cybersource and
Trustwave in partnership with the Merchant Risk Council (MRC)
commissioned the Payment Security Practices and Trends
filled 68 District Asset Protection Investigator positions
over the last 4 months.
Which is great job growth for
the LP industry and now phase two of their plan begins. With
this increased staffing levels the pressure will be on to
Apple Inc. may open its own shops following the Indian
government allowing full ownership of single-brand retail
stores by foreign companies, according to a senior official
of the department of industrial policy and promotion (DIPP).
currently has Apple-owned retail stores across the world,
including the US, the UK, Germany, France, China and Japan.
Apple doesn't own any store in India, but has exclusive
reselling arrangements with chains such as Imagine and
pair of drive-in burglaries have California police on the
hunt for four suspects who backed cars into jewelry store
windows so they could grab the jewelry and run.
Police say surveillance video from both the Atwater and
Merced Goldsmith Jeweler locations are almost identical. The
detective said both store locations have the same owners. (source
It's been a rough sled for retail, but the dollar-store
business is growing like crazy.
The national chains are
drawing higher-income shoppers, reporting record profits and
opening new stores on a daily basis. Dollar General, with
more than 9,800 locations, is now the nation's largest
retailer by store count. Dollar General says 75% of its
merchandise costs more than a dollar. Family Dollar cites a
similar stat and admits it can't always undercut Wal-Mart.
So what's the real allure of dollar stores? (Source
UK Retail sales rise: 'winners are the clothing and
Losers are household goods. Kate Davies
from the Retail Sales Index said that generally the figures
showed that "the smaller stores are actually performing
better than the larger stores have." (Source
Supervalu-Led Stores Chasing $55 Billion in Food Stamps.
Stores are moving their opening hours, adding products and
revamping merchandise assortments as persistent joblessness
pushes more shoppers to government support in buying
groceries. Distributions from the federal Supplemental
Nutrition Assistance Program rose 11 percent to a record
$71.8 billion in fiscal 2011, according to a U.S. Department
of Agriculture report. (Source
According to a new survey, 68% of 18-25 year olds say they
prefer to shop in stores than online when buying clothes and
survey was made by a group of LIM College students, in
conjunction with the NRF Student Association. Although a
majority of the age bracket prefer to shop in stores, 66% of
them still use the internet to browse, compare prices and
gather information. (Source
1 day after thousands of sites went dark protecting SOPA Act
the Fed's bust a $175 million piracy ring - the largest
criminal copyright case ever.
Seven individuals and two companies were charged with
multiple counts of racketeering, copyright infringement, and
money laundering, the U.S. Department of Justice (DOJ) said
statement. According to federal
officials, the gang generated $175 million in revenue from
advertising sales and premium memberships, and caused more
than $500 million in damages to the legitimate copyright
holders. "This action is among the largest criminal
copyright cases ever brought by the United States," the DOJ
said in a statement Thursday. Prosecutors also called the
Megaupload group "an international organized criminal
enterprise allegedly responsible for massive worldwide