April 24, 2017


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Minnesota Representative Dennis Smith discussed REAL ID and
ADA lawsuit reform with the MnRA Board of Directors last week.
Holiday
Mother's Day Spending To Reach Record-High $23.6 Billion  

From the National Retail Federation, April 24, 2017

"Consumers say they will spend more than ever on Mother's Day this year as they shower moms with everything from jewelry to special outings at favorite restaurants, according to the National Retail Federation's annual survey conducted by Prosper Insights & Analytics.

Mother's Day shoppers are expected to spend an average of $186.39 for the holiday, up from last year's $172.22. With 85 percent of consumers surveyed celebrating the holiday, total spending is expected to reach $23.6 billion. That's the highest number in the survey's 14-year history, topping last year's previous record of $21.4 billion.

"With spring in full bloom, many Americans are looking forward to splurging on their mothers this Mother's Day," NRF President and CEO Matthew Shay said. "Retailers will be ready with a wide range of gift options and a variety of promotions for their customers."

According to the survey, consumers plan to spend $5 billion on jewelry (purchased by 36 percent of shoppers), $4.2 billion on special outings such as dinner or brunch (56 percent), $2.6 billion on flowers (69 percent), $2.5 billion on gift cards (45 percent), $2.1 billion on clothing (37 percent), $2 billion on consumer electronics (15 percent) and $1.9 billion on personal services such as a spa day (24 percent)."

Upcoming  
May 5: Governor Tim Pawlenty On Preparing Minnesota For What's Next 
 
Join us on Friday, May 5 to hear Governor Tim Pawlenty share his perspectives on the current state of the country and Minnesota.

Pawlenty currently serves as the CEO and president of Financial Services Roundtable--a Washington D.C.-based, industry roundtable advocacy group.

Pawlenty served as Minnesota's 39th Governor from 2003-2011.

Pharmacy
Pharmacies Adjusting To New Opiate Reversal Drug Law       

From the Makato Free Press, Brian Arola, April 21, 2017

" The state law making it easier for people to get opiate overdose reversal drugs at pharmacies has pharmacists working to adopt policies for how best to dispense them.

The law allows Minnesotans to request naloxone - which can be either injected or sprayed nasally - from a pharmacy without a prescription from their doctor. The drug can be effective in reversing an opiate overdose, creating a larger window of time for emergency responders to arrive.

The law change comes in response to a sharp rise in drug overdose deaths in Minnesota since 2000. Since the legislation is so new, though, many pharmacies in south-central Minnesota aren't yet offering the drug over the counter.

Pharmacies aren't forced to offer the drug at all, but many are looking into it. The Minnesota Department of Health reported pharmacy chains like CVS and Walgreens have protocols in place to dispense the reversal drug. Independent pharmacies are coming up with their own plans - including whether to offer the drug at all.

Jeff Lindoo, past president of the Minnesota Pharmacists Association, said the organization is encouraging pharmacists to adopt protocols to offer the drug, but it's unclear how many will do so. He suspects pharmacies in areas hit hard by the opioid epidemic will be the first to offer the reversal drugs."

 
Federal Policy
St. Paul Entrepreneur Is No Fan Of Border Tax   

From the Star Tribune, Neal St. Anthony, April 17, 2017

Devee McNally, the founder in 1990 of St. Paul's MadeSmart, regrets that vote last November for President Donald Trump . 
 
"I'm a businesswoman and I gave him credit for building a brand," said the owner of the design-distribution company that makes plastic organizers for home and office. "But I just pray this 'border tax' doesn't go through.

"This could put me out of business. My priority should be building my company. I thought my bumpy years were over."

In January, Trump embraced the so-called "border adjustment tax" contained in the House Republicans' tax bill, essentially a 20 percent tax on imports, as a way to protect American manufacturers and possibly finance the Mexican border wall and tax cuts that opponents say tilt toward the rich.

McNally, whose business has grown to 25 employees and $25 million in sales last year, is part of a business group, Americans for Affordable Products, opposing the Republican plan that was conceived as pro-business growth. Trump, who has reversed numerous stances that helped him win election with his sky-is-falling, anti-immigrant, anti-trade campaign, was dancing around the border tax last week." 
 
Trends
Brick-And-Mortar Record Stores Stage Revival    

From the Retail Dive, Daphne Howland, April 21, 2017

"Brick-and-mortar records stores are not only surviving the digital music era, but finding growth opportunities to open many new stores nationwide, according to the Associated Press. The industry on Saturday celebrates its 10th annual "Record Store Day," in which stores across the country hold music events and special releases.

After nearly 50 years in business, record store chain Tower Records shuttered in 2006, and the number of independent record stores dwindled to some 2,000 in the U.S. But in the past five years their numbers have grown again to about 2,400, Wes Lowe, an executive at wholesale CD, DVD and vinyl record distributor Alliance Entertainment Corp., told the AP.

Many of the stores are in smaller towns, and much of the business is driven by a resurgence of vinyl record sales, according to the report. Vinyl album sales have risen from annual sales of fewer than one million in 2005 to more than 13 million last year, according to Nielsen Music research cited by the AP.

The endurance of independent record stores is akin to the survival of independent bookstores, which have similarly survived two decades of disruption from Amazon. Their numbers, too, have increased in recent years; both bookstores and record stores have found ways to compete by hosting local events at stores and positioning store staff as helpful experts. Bookstores and record stores also benefit from the surprisingly successful and enduring "buy local" movement.

Indeed, some of those muscles were first tested by big-box retail, which well before the digital streaming era forced smaller stores to become stronger and more efficient, says Chris Brown, chief financial officer at New England record store chain Bull Moose. As the executive in charge of marketing, Brown was also one of the retail store employees who 10 years ago conceived of "Record Store Day" as an opportunity to demonstrate the value of brick-and-mortar stores as places to gather and shop. (Brown is also CFO at "lean retail" firm Fieldstack, which has made a business of algorithm-based commerce solutions first conceived at Bull Moose.)

"The press was predicting doom and record executives were gloomy, but that wasn't our reality," Brown told Retail Dive. "Independent stores resilient enough to survive big-box competition in the 1990s used those efficiencies to take advantage of the chaotic 2000s." 
 
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Tel. (651) 227-6631 - mnretail.org - [email protected]