Report: Retailers concerned about top talent leaving their companies
Chicago As the recession eases and companies begin to add to strained staffs, retail employers are also taking action to retain existing top talent at their organizations. According to a new WorkInRetail.com survey, more than one-third (36%) of retail employers are concerned about losing their high-performing workers in the second quarter, while the same amount (36%) of retail workers said it is likely they will start looking for a new job when the economy picks up.
As a result, retail employers are turning to a variety of different retention strategies to hold onto those workers and their valuable intellectual capital. The survey was conducted between February 10 and March 2, among 290 retail employers and 731 retail workers.
Increased workloads, longer hours and fewer resources related to the recession may be contributing to job dissatisfaction. More than one-third (37%) of retail workers said they are dissatisfied with their pay. Meanwhile, nearly one-quarter (24%) of retail workers said they are dissatisfied with their work/life balance.
In addition, nearly one-third (32%) of retail workers are dissatisfied with the career-advancement opportunities provided by their current employers.
Of retail workers who have their sights set on making a career move, they shared the attributes they will be primarily looking for in a new employer in addition to competitive pay and benefits. Good work culture (62%) and the company’s financial stability and growth potential (52%) topped the list.
Six outstanding specialty food retailers
Bi-Rite Market, a San Francisco landmark since 1940, has been named as one of the Outstanding Specialty Food Retailers of 2010 by the National Association for the Specialty Food Trade. The other winners include: Hubbell & Hudson Market & Bistro, The Woodlands, Texas; Marion Street Cheese Market, Oak Park, Ill.; Roche Bros., Wellesley Hills, Mass.; Spec’s Wine, Spirits and Finer Foods, Houston; and The Sandy Butler, Fort Myers, Fla.
Here’s a brief look at the winners:
Bi-Rite: Located in the Mission District of San Francisco, Bi-Rite has transformed itself in recent years into a premier market renowned for its restaurant-quality prepared foods, an emphasis on local products (including produce from the owner’s farms) and its rooftop beehives and herb garden.
Hubbell & Hudson Market & Bistro: Opened in 2008, Hubbell & Hudson is designed as a place for the community to shop, eat, and learn to cook under one roof.
Marion Street Cheese Market: A focus on artisan cheese, meat and charcuterie, plus specialty foods, wine and beer that pair well with cheese, and a major expansion, have turned the one-time corner store into one of the Chicagoland area’s most popular shopping destinations.
Roche Bros.: Two generations of the Roche family have nurtured this 18-store Massachusetts-based supermarket chain into a retail success story thanks to their commitment to community service, a wide variety of products and a focus on fresh food.
Spec’s Wine, Spirits and Finer Foods: Owned and operated by the same Houston family since 1962, the 72-unit Spec’s is known for its extensive selection of wines, spirits, beers, liqueurs, cigars and, in its larger stores, fine gourmet foods. The honored Houston location is a flagship, and features 21,000 specialty foods and a wine and liquor section with more than 10,000 wines and a 35-door beer cooler.
The Sandy Butler: From its produce stand beginnings, The Sandy Butler has grown into a full-service specialty food market and 150-seat restaurant. The company also has its own line of specialty food products.
Report: Macy’s to launch exclusive line from Hugo Boss
Macy’s is planning to add a line from Hugo Boss to its collection of exclusive, designer clothing, The New York Post reported.
According to The Post, the new line will likely include suits, sportswear and accessories for both men and women at lower price points than what is traditionally sold under the Hugo Boss label. The line is expected to launch in the fall of 2011.
Siting sources close to Hugo Boss, The Post reported that the deal with Macy’s is part of Hugo Boss’ five-year plan to double the size of its U.S. business.