Macy’s CEO: Localization key to driving sales
Cincinnati Macy’s CEO Terry Lundgren told shareholders at the retailer’s annual meeting Friday that he expects the company’s new strategy of tailoring merchandise to local markets and its focus on private and exclusive brands to continue driving sales.
According to a report by the Associated Press, Lundgren said that the rebound of its Bloomingdale’s chain also has helped the company’s improvements.
The unemployment rate, the strength of the dollar and tight consumer credit remain concerns, he said.
And he added that holiday sales and the fourth quarter in general will be especially important to a successful 2010.
Sam’s Club named official supplier of the Kansas City Barbeque Society
KANSAS CITY, Mo. Sam’s Club has been named the official supplier of the Kansas City Barbeque Society, the world’s largest barbeque organization, KCBS announced.
“We are very excited to be working with Sam’s Club and integrating them like never before into the world of competition barbeque,” said Carolyn Wells, executive director of KCBS. “Sam’s Club has long been a preferred choice of barbeque teams throughout our network, but this new relationship will bring additional benefits to the entire industry as we team up to promote ‘America’s Cuisine’ and help educate grillers nationwide on barbeque tips, techniques and food safety.”
As part of the agreement, Sam’s Club will become a presenting sponsor at half a dozen of the barbeque industry’s major events, including the Jack Daniel’s World Championship Invitational BBQ in Lynchburg, Tenn. Additionally, Sam’s Club will provide prizes throughout the season and for the prestigious KCBS Team of the Year competition series in 2010.
“Teaming up with KCBS is the perfect complement to our industry-leading meat and fresh departments and will give us an opportunity to show our support while helping the competitors save on their competition needs,” said Robert Fields, senior director of meat and deli for Sam’s Club. “We are very excited about the season and to work with the teams, vendors and restaurant owners as well as budding enthusiasts and long-time fans.”
KCBS and Sam’s announced that they will soon launch a “Club Competition and Expo” that will be held in the parking lots of select Sam’s Club locations throughout its regional districts. The Expos will feature educational sessions and live-grilling demos to help Sam’s members learn more about the “low and slow” method of barbequing, as well as other tips and techniques from barbeque pros. Additionally, Sam’s Club members will have the opportunity to sample championship-style barbeque and get hands-on advice and experience from barbeque suppliers on the latest products in the BBQ industry.
Ross Stores gives $100,000 to fashion scholarship fund
NEW YORK Ross Stores is providing the YMA Fashion Scholarship Fund (FSF) with a multi-year endowment totaling $100,000, FSF reported.
In addition, FSF and Ross will award a $5,000 scholarship annually to each of four students who demonstrate excellence in retail leadership. These award recipients will also be offered a summer internship with Ross. This year’s winners from the FSF Class of 2010 include: Alexandra Silvestri from Lehigh University, Chelsea Volpe from Iowa University, Marissa Zappia from Indiana University, and Marlena Filipowska from the Wharton School of the University of Pennsylvania.
Jennifer Vecchio, newly-appointed FSF board member and EVP merchandising for Ross said, “We believe this is an ideal opportunity to create a strategic relationship with an organization that is committed to developing and supporting the next generation of fashion industry leaders. This partnership also benefits Ross by enabling us to identify and cultivate new talent to support our long-term growth.”