STORE SPACES

Barneys’ Simon Doonan designs window display for Duane Reade

BY Marianne Wilson

Englewood Cliffs, N.J. — In what it called a “first-of-its-kind” installation at a drugstore chain, Nexxus Salon Hair Care unveiled a window display tribute to the Tony Awards and Broadway at the Duane Reade store across from Radio City Music Hall in Manhattan. The installation was created by Simon Doonan, creative ambassador for Barneys New York, who is best known for his whimsical, and sometimes outrageous, window displays.

“I love new challenges and was thrilled Nexxus asked me to do something that’s never been done before – to take the art of high-end luxury window dressing and put it in the context of a classic American drugstore,” said Simon Doonan. “This project has been a blast because I get to do what I love – design creative over-the-top window designs – and celebrate my passion for Broadway, but with a new twist.”

The window, accented by lights like those on a Broadway marquee, features an oversized photograph of a glamorous woman, on stage, presenting a Tony Award. Her show-stopping hair is made entirely of Nexxus Salon Hair Care bottles, while her dress is designed out of Tony Awards posters. The backdrop includes a wall of stacked hair conditioners. The display also encourages passers-by to tune in June 9 for the live broadcast of the Tony Awards.

The design will be on display through June 16 at the Duane Reade located at 51 West 51st Street, across from Radio City Music Hall, the venue for the 67th Annual Tony Awards.

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FINANCE

Deloitte: Stable economic fundamentals keep consumer spending outlook on track

BY Marianne Wilson

New York — The Deloitte Consumer Spending Index (Index) dipped slightly in April, primarily due to an increase in the tax rate, while other economic fundamentals remain steady. The Index tracks consumer cash flow as an indicator of future consumer spending.

"Despite a minor backslide in April, the Index has remained stable over the past six months, staying at a level that typically indicates sustained consumer spending in the near term," said Daniel Bachman , senior U.S. economist, Deloitte Services LP. "The employment picture continues to improve gradually, with revisions in the last two months reflecting stronger growth than initially reported. The retail sector – the largest private sector employer – added 29,000 jobs in April, bolstering confidence in the industry and the broader economy, even as the effects of the sequester and tax increases continue to impact consumers."

"The question at the top of retailers’ minds is whether the economy will limp along or accelerate during the second half of the year," said Alison Paul, vice chairman, Deloitte LLP and retail & distribution sector leader. "While retailers try to get consumers to warm up to summer merchandise after a cool spring, they are also in the thick of holiday planning and inventory orders.”

Long term, Paul said, retailers should be prepared for continued consumer resilience, but stay vigilant should a skittish consumer return when the debt ceiling debate resumes.

“Retailers should consider how to most effectively use their stores in combination with mobile and dot com to win in the omni-channel game,” Paul said. “The retailers who plan for scenarios where merchandise is offered both online and in-store while also responding to inventory levels and weather trends with nimble pricing will likely see fewer markdowns and more full-price sales."

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News

Walmart, Starbucks execs named to PCI board

BY CSA STAFF

WAKEFIELD, Mass. — PCI Security Standards Council has appointed representatives from retail merchants such as Walmart, Woolworths Limited and Starbucks, as well as from the Retail Solution Providers Association, to its board of advisors.

The open, global forum for the development of payment card security standards is looking to its board to provide counsel to SSC leadership.

The board of advisors, selected by the council’s more than 690 participating organizations, will include Walmart’s SVP of finance and assistant treasurer Mike Cook, Starbucks’ VP of global infrastructure and enterprise security Dave Estlick, Woolworths’ group information risk manager Peter Cooper and the Retail Solution Providers Association’s president and CEO Joseph Finizio. Representatives from Bank of America N.A.; Bankalararasi Kart Merkezi; Barclaycard; British Airways PLC; Carlson; Cartes Bancaires; Cielo S.A.; Cisco; Citigroup Inc.; European Payment Council AISBL; FedEx; First Bank of Nigeria; First Data Merchant Services; Global Payments Inc.; Ingenico; Micros; Middle East Payment Systems; PayPal Inc.; RSA, The Security Division of EMC; and VeriFone Inc. will also sit the board and offer their perspectives in the development of PCI Standards and other payment security initiatives.

Board of advisor members will be asked to provide strategic and technical input to PCI SSC on specific areas of council focus. According to PCI, past board members have provided reach into key industry verticals and geographies to help raise awareness and adoption of PCI Standards, have shared their experience with implementing PCI Standards in presentations at the annual community meetings and have contributed guidance on training product development and led special interest groups.

“Active involvement from our participating organization base is critical to ensuring the PCI Standards remain at the front line for protection against threats to payment card data. Once again I am impressed by the turn out in the election process. It’s particularly encouraging to see new markets looking towards open global standards like the PCI Standards to help secure payment card data worldwide,” said Bob Russo, GM, PCI Security Standards Council. “The Council and wider stakeholder community will benefit from the breadth of experiences and perspectives that this new board represents.”

The board says it will support the council’s mission to raise awareness and drive adoption of PCI Standards worldwide and will kick off its work in June with its first face-to-face meeting with council management.

“This year saw more European involvement than ever in the board of advisors election process. Although Europe contains mature EMV markets, this level of involvement in the PCI SSC confirms that the combination of PCI Standards and EMV chip is a powerful force for protecting payment card data,” said Jeremy King, European director, PCI Security Standards Council. “Our new board is a truly global group, and the council will benefit greatly from its input as we continue to drive awareness and adoption of PCI Standards worldwide.”

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