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Wal-Mart Reassigns Greeters, But at What Cost to its Image?
January 31, 2012

Wal-Mart certainly has taken a step back from its heritage with the revelation that it's removing greeters from the graveyard shifts at its U.S. supercenters, in the first reversal of a 30-year-old tradition that helped define what the folksy chain was all about in its early years.

The Container Store Braces for Chinese New Year
January 31, 2012

Major retailers and the National Retail Federation say they plan ahead to accommodate for the manufacturing shutdown in China during the Chinese New Year. Companies like Macy's and The Container Store make changes to their production and shipping schedules to ensure they have enough goods to get them through the trough caused by the factory closures.

FYE Parent Company Closes 52 More Stores
January 31, 2012

Trans World Entertainment, the parent company of FYE and Suncoast, is closing an additional 52 stores after a drop in sales this past holiday season. Trans World has closed more than 550 stores since 2006 and will have 390 stores left after this latest round of closings.

Pep Boys to Be Acquired by Gores Group for $791M
January 31, 2012

Pep Boys has agreed to go private in an acquisition by Gores Group valued at about $791 million after the auto parts retailer's previous attempts to sell itself were unsuccessful.

Talbots Opens Books to Sycamore After Spurning Buyout Bid
January 31, 2012

Looking to sell itself, Talbots opened its books to Sycamore Partners in a move that could lead to the private equity firm raising its original buyout offer, which was snubbed by the women's apparel chain last month. Earlier this month, people familiar with the matter told Reuters that Talbots โ€” which is also looking for a new leader โ€” had started actively soliciting offers and private-equity firm Golden Gate Capital was considering a bid for the company.

Saks Leverages Mobile to Link Digital and In-Store Shopping
January 31, 2012

Use of mobile devices is becoming the norm, particularly among luxury shoppers, according to Denise Incandela, president and chief marketing officer of Saks Direct at Saks Fifth Avenue. "Therefore, brands should make their in-store experiences more mobile friendly."

ICSC launches website for sales tax fairness
January 31, 2012

Washington, D.C. -- The International Council of Shopping Centers announced Tuesday the launch of a new website devoted to sales tax fairness and how the current sales tax system is unable to support the 21st Century retail marketplace. The site, 21stcenturyretail.org, will be continuously updated to provide the public, stakeholders, the media and lawmakers with information on the online sales tax loophole and resources to help level the playing field for all retailers, according to ICSC. โ€œOnline retailers have been given a free pass for far too long at the expense of their brick-and-mortar counterparts," said Betsy Laird, ICSC

Apple Gets New SVP of Retail
January 31, 2012

Apple has hired former Dixons' CEO John Browett to head up its retail operations in the U.S., prompting a restructure at the U.K. electricals chain. Browett will take on the role of senior vice president of retail at Apple, replacing Ron Johnson who left last year.