Succeeding Macy's Chairman, President and CEO Terry Lundgren for a two-year term, Saks Chairman and CEO Stephen Sadove was elected as NRF Board Chairman on Sunday during Retail's BIG Show. Sadove joins The Container Store Chairman and CEO Kip Tindell, HSNi CEO Mindy Grossman and NRF President and CEO Matthew Shay on NRF's leadership team for a two-year term. Newly elected retail board members include executives from Random Harvest, Crate and Barrel, Bon-Ton Stores and Office Max. Read more.
The success of the British arm of Domino's Pizza is no secret, and that means getting a slice of the company is not cheap. It costs more than $300,000 to establish a Domino's Pizza UK & Ireland location, but franchisees can expect to recoup their investment within two years.
Though bargain-hunting shoppers are flocking to Milan, Italy, for winter's fashion sales, you can count Versace's customers out, the designer's CEO said. "Our regular client was not queuing on [Jan. 3 and 4] in Milan or Rome but was on the slopes in St. Moritz or on a boat in the Caribbean," he told an Italian newspaper.
This year at the NRF's BIG show, Microsoft is rolling out smart-phone-readable 2-D bar codes that are easier to read. The service will allow data to be sent to servers, where retailers can use Microsoft's analytics, and also will include geo-location.