Fall 2016
2016 ECONOMIC FORECAST RECAP:
INSIDE THIS ISSUE: 01 Economic Forecast Recap 02 Letter to Members 03 Think. Shop. Buy. Local’s
"Loyal to Local" Campaign
04 The RMA Scene 06 RMA Members in the News 08 RMA Endorsed Vendors 09 Welcome New Members! 10 VRF Legislative Update 11 Valor Awards Spotlight Upcoming Events
RVA Retailers Optimistic About 2016 Holiday Sales Alan Gayle, Director of Asset Allocation and Senior Investment Strategist at RidgeWorth Investments, joined us to discuss "The Ever-Evolving Economic Landscape" at the 2016 Economic Forecast Breakfast on September 9, which drew nearly 200 people to The Westin Richmond. In case you missed it, his presentation addressed the dot-com bubble and other factors that have had lingering effects on our current economy. He also spoke on various strains caused by the abrupt rise of the dollar's value. However, perhaps the biggest takeaway for retailers was that consumer spending
is reaching record levels, providing a "solid and sustainable" increase in job wages and today's housing market. Gayle predicted that this will have a positive impact on this year's holiday spending, especially in core retail sales. After the presentation, RMA turned to event attendees for their projections on 2016 holiday sales. The polling results were almost evenly split between HIGH and FLAT, meaning local RVA retailers are cautiously optimistic about sales during the upcoming holidays. The RMA team will be keeping a close eye on this throughout the season, with our fingers and toes crossed!
STAFF CORNER Dear RMA Members, IT'S TIME TO START PULLING DECORATIONS FROM THE ATTIC. This issue is jam-packed with important stuff – but we get Thanks for checking out the Fall edition of Retail Partners! it, sometimes you just need the abridged version. So, here is a short and sweet overview of what’s ahead for RMA.
DON’T MISS... This time of year brings some of our most meaningful events, including a few major ones like the Valor Awards and the Distinguished Retailer of the Year celebration.
Ready or not, here they come... the holidays are fast approaching and it’s an exciting time in retail! In an effort to support shopping locally this season, we will produce a Holiday Shopping campaign that will highlight local places to eat, shop and play! The full list will be featured on ThinkShopBuyLocal.com. #loyaltolocal
TAKING CARE OF BUSINESS AND WORKING The 27 Annual Valor Awards Ceremony on Thursday, OVERTIME. th
November 10, honors our first responders that selflessly serve our community. And on Friday, December 3, we will honor another important group, the retail community, at the 50th Anniversary of the Distinguished Retailer Awards. Seriously, put these on your calendar now. You can find all of the important details on page 11.
CH-CH-CH-CHANGES... The leaves aren’t the only thing changing this fall – RMA is working on a new look. As many RMA initiatives are being reviewed and rejuvenated, we felt our appearance needed a facelift to match. It’s all still hush-hush, but be on the lookout for the big reveal.
Don’t forget December 1, 2016 marks the deadline to be compliant with the new DOL Overtime Rule. If you aren’t sure what that is all about or how it might impact your business, head over to VirginiaRetailFederation.com to learn everything you need to know.
AND, FINALLY... We want to say THANK YOU to our partners and members who keep us creating, collaborating and striving to be a better organization! Yours truly, The RMA Team
VISION
CORE VALUES
Creating vibrant retail communities, together.
We are committed to our members and the retail industry.
MISSION
We are open, honest and direct communicators.
We help local retailers thrive.
We are passionate about our community. We are professional and accountable. We are collaborators who promote connectivity, change and creativity. We are a resource for our members. We expect excellence in ourselves and in our work.
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THINK. SHOP. BUY. LOCAL "LOYAL TO LOCAL" CAMPAIGN UPDATE:
INCREASING YOUR VISIBILITY ... just in time for the holidays!
RMA is here to serve our members. One of the ways we do that is through encouraging consumers to think before they shop and buy locally, whenever possible. We’ve been releasing a video series, Loyal to Local, getting to know local businesses while raising the profile and reach of Think. Shop. Buy. Local platforms.
VIEWS OF FIRST 5 VIDEOS
140K
INCREASE IN SOCIAL FOLLOWERS
35%
INCREASE IN MONTHLY SOCIAL REACH
The Retail Partners Newsletter is published four times annually.
724%
GET IN ON THE ACTION
EDITORIAL OFFICES Retail Merchants Association 5101 Monument Ave | Richmond, VA 23230 804.726.5043 PUBLISHER Diana Kent | dkent@retailmerchants.com EDITOR Danni Neal | dneal@retailmerchants.com
SHARE DEALS tweet deals with #localdealsRVA
CONTRIBUTING WRITERS Len East Diana Kent Danni Neal Gretchen Nurnberger Jodi Roth Bill Selden Megan Way AD SALES Danni Neal | 804.662.5508 dneal@retailmerchants.com © 2016 Retail Merchants Association, Richmond, Virginia. All rights reserved.
3 | Retail Partners | RetailMerchants.com | ThinkShopBuyLocal.com | Fall 2016
SHARE EVENTS add events to the community calendar
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Kim and Andrew Moody (trend.) at trend.'s Grand Opening Celebration in Carytown
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Ken Wayland (Free Agent Marketing) and Sherry Minson (RMA) at the Connect@ The Virginia Cliffe Inn Mark Remes (BES Studios) addresses the crowd in their new space during the Connect@ BES Studios event Carolyn Clements (Ball Office Products) and Gary Glover (Puritan Cleaners) before the Economic Forecast Breakfast Gretchen Nurnberger (RMA), Lauren Portluck (EVB), Janice Clifton (The Virginia Cliffe Inn), and Michelle Simon (EVB) at the Connect@ The Virginia Cliffe Inn event in August
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Grand Opening Celebration of Urban Farmhouse's new location in Rocketts Landing BetterMed Urgent Care's Grand Opening of their new location in Ashland Julie Hill, Lauren Portluck, Helen Brodersen, and Chris Layne (EVB) at the Connect@ BES Studios event Hunter Leemon (Sportable), Patrick Carroll (Sandler Training) and Jim Roman (Business Owners Institute) before the Economic Forecast
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John Jay Schwartz (Have Site Will Travel, Inc.) and Susan Brooks (KSB, Inc.) mingle during August's Connect@ The Virginia Cliffe Inn Mary Warren (Regency Square) and Jane Whaling (UpTech) before September's Economic Forecast Connect@ The Virginia Cliffe Inn attendees enjoy this beautiful venue while making connections Kevin Reardon (Franco's Fine Clothier) and David Nagle (Jackson Lewis, P.C.) catch up before the Economic Forecast Breakfast
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Grand Opening Celebration at Tidewater Physical Therapy's new location in Scott's Addition Megan Way, Nancy Thomas and Gretchen Nurnberger (RMA) catch up with Alan Gayle (RidgeWorth Investments) before his Economic Forecast presentation
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MEMBER UPDATES RMA MEMBERS IN RICHMOND MAGAZINE:
Look Who Made This Year's "Best" List... BEST LOCAL MORNING RADIO SHOW BEST FAMILY-OWNED BUSINESS #2 WCVE (NPR) #2 Ukrop's Homestyle Foods
PC: Richmond Magazine
RICHMOND REGION'S UNSUNG HERO #3 Jack Berry, Venture Richmond; The Ukrops (tie) BEST LOCAL RADIO/TV AD JINGLE #2 Agee's Bicycles NICEST RICHMONDER #1 The Ukrop Family #2 Andrew Freiden, NBC 12
BEST LOCAL RADIO SPORTS BEST CREDIT UNION PERSONALITY/REPORTER #1 Virginia Credit Union #1 Wes McElroy, iHeartMedia BEST FINANCIAL/RETIREMENT #3 Michael Paul Williams, RTD; Jeff PLANNER Shapiro, RTD (tie) #2 Wells Fargo BEST LOCAL PRINT OR WEB REPORTER #1 Mark Holmberg, CBS 6 BEST BANK #1 Wells Fargo #3 Michael Paul Williams, RTD; Jeff #2 Union Bank & Trust Shapiro, RTD (tie) #3 SunTrust BEST PR PERSON/TEAM BEST TAX SERVICE #2 Todd Parnell, Richmond Flying #3 Keiter Squirrels BEST MORTGAGE BROKER #1 SunTrust #2 Wells Fargo #3 TowneBank; Union Bank & Trust; Village Bank (tie)
BEST LOCAL TV WEATHER TEAM DURING THE MARCH TORNADOES #1 WWBT-NBC 12 #2 WTVR-CBS 6 #3 WRIC-ABC 8 LOCAL TV PERSONALITY WHO DOES THE MOST FOR THE COMMUNITY #1 Andrew Freiden, NBC 12 #2 Curt Autry, NBC 12 #3 Sabrina Squire, NBC 12 BEST LOCAL TV SPORTS ANCHOR/ REPORTER #1 Lane Casadonte, CBS 6 #2 Marc Davis, NBC 12 #3 Chip Brierre, WRIC TV8 FUNNIEST RICHMONDER #1 Curt Autry, NBC 12 #3 Andrew Freiden, NBC 12
PC: Richmond Magazine
BEST AUTO REPAIR #2 Wallace Automotive
BEST LOCAL SHOP FOR SEMI-FORMAL DRESSES #1 Lex’s of Carytown #2 Cynthia Steele
BEST NEW CAR DEALERSHIP #2 Pearson Honda; Lexus of Richmond (tie)
BEST LOCAL SHOP FOR MEN’S CLOTHING #1 Franco’s Fine Clothier #2 Peter-Blair
BEST DRY CLEANERS #1 Puritan Cleaners #2 HandCraft Cleaners
BEST SHOE STORE #1 Saxon Shoes
BEST FRAMING SHOP #1 Frame Nation
BEST FINE JEWELRY #1 Schwarzschild Jewelers #2 Adolf Jewelers #3 Carreras Jewelers; Diamonds Direct (tie)
BEST LOCAL TV NEWS REPORTER #1 Rachel DePompa, NBC 12 #2 Sarah Bloom, NBC 12; Chris Thomas, NBC 12 (tie) #3 Mark Holmberg, CBS 6
BEST GIFTS #2 Tweed BEST CIGAR SHOP #1 Havana Connections
BEST PLACE FOR ANTIQUE/VINTAGE JEWELRY #3 Carreras Jewelers
LOCAL RADIO HOST WHO DOES THE MOST FOR THE COMMUNITY #3 Kat Simons, iHeartMedia
BEST FLORIST #1 Strange's Florist #3 Vogue Flowers & Gifts
BEST HAIR SALON #2 Mango Salon
BEST LOCALLY PRODUCED RADIO SHOW #3 Mix 98.1, iHeartMedia
BEST LOCAL SHOP FOR LOCALLY MADE GOODS #2 Ellwood Thompson's Local Market
6 | Retail Partners | RetailMerchants.com | ThinkShopBuyLocal.com | Fall 2016
(continued on page 7...)
(Richmond Magazine's "Best" list continued...)
BEST BARRE STUDIO #1 Pure Barre BEST BIKE SHOP #1 Agee’s
PC: Richmond Magazine
BEST BOWLING ALLEY #1 Uptown Alley
BEST SHOW / PERFORMANCE #1 The Lion King, SMG Richmond #2 Richmond Ballet/"The Nutcracker," SMG Richmond #3 Friday Cheers & Richmond Folk Festival, Venture Richmond (tie)
BEST DOG GROOMER #2 Holiday Barn Pet Resorts
BEST MUSIC VENUE #2 Innsbrook After Hours (SERVPRO Pavilion), Innsbrook Foundation #3 Altria Theater, SMG Richmond
BEST PLACE TO BOARD YOUR PET #1 Holiday Barn Pet Resorts
BEST MOVIE THEATER #3 The Byrd Theatre
BEST PLACE TO EAT LUNCH OUTSIDE #3 Virginia Museum of Fine Arts BEST PLACE FOR FITTED RUNNING SHOES #2 Lucky Foot #3 Fleet Feet
PC: Richmond Magazine
BEST GALLERY TO BUY ART #1 Crossroads Art Center NOT-TO-MISS PERFORMANCE #2 Richmond Folk Festival, Venture Richmond
BEST ART CLASSES FOR ADULTS #2 Virginia Museum of Fine Arts
BEST MUSIC FESTIVAL BEST ART CLASSES FOR CHILDREN #1 Richmond Folk Festival, Venture #2 Virginia Museum of Fine Arts BEST ADULT SPORTS LEAGUE Richmond #1 Richmond Volleyball Club #2 Richmond Jazz Festival, SMG #2 Richmond Kickers Richmond (continued on page 8...)
Thank you for Voting!
Richmond’s Best Dog Groomer
3800 Mountain Road 672-2200 • 614 Johnston Willis Drive 794-5400
7 | Retail Partners | RetailMerchants.com | ThinkShopBuyLocal.com | Fall 2016
MEMBER UPDATES (Richmond Magazine's "Best" list continued...)
BEST ART FESTIVAL #3 43rd Street Festival of the Arts BEST PLACE TO VIEW ART #1 Virginia Museum of Fine Arts #2 Crossroads Art Center
BEST CHOCOLATE/CANDY SHOP #2 Gearharts Fine Chocolates
BEST SMOOTHIES RMA’s Endorsed Vendors offer #2 Ellwood Thompson's Local Market free consultations and reduced pricing to RMA members. BEST BAKERY #2 Westhampton Pastry Shop
BEST LOCALLY OWNED BOOKSTORE #2 bbgb tales for kids
BEST ORGANIC/ HEALTH FOOD STORE #1 Ellwood Thompson's Local Market #3 Good Foods Grocery BEST LECTURE SERIES #2 Virginia Historical Society Banner BEST RESTAURANT ATMOSPHERE Series #2 Can Can Brasserie BEST SUMMER EVENT #1 The Watermelon Festival, Carytown #2 Dominion Riverrock, Sports Backers & Venture Richmond #3 Innsbrook After Hours, Innsbrook Foundation BEST DATE IDEA #1 Virginia Museum of Fine Arts BEST PLACE TO FILL UP A GROWLER #1 Growlers to Go
BEST COOKING CLASSES #3 University of Richmond
BEST LOCAL ICE CREAM SHOP #2 Gelati Celesti BEST LOCAL GELATO #1 Gelati Celesti
D
P
S
DOMINION PAYROLL SERVICES
Joe LaBella
804.355.3430 jlabella@dominionpayroll.com
BEST BRUNCH MENU #2 The Jefferson Hotel BEST FAST LUNCH #2 Chick-fil-A; Ellwood Thompson's Local Market (tie) BE-SEEN-SPOT FOR BREAKFAST OR LUNCH #1 Can Can Brasserie BEST STEAKHOUSE #1 Ruth's Chris Steak House #2 Buckhead’s Chophouse #3 Hondos
PC: Richmond Magazine
ENDORSED VENDORS
BEST RESTAURANT IN CARYTOWN #1 Can Can Brasserie
Meagan Vickery
804.382.1274 meagan.vickery@vafb.com
Doris Ann Kane
804.649.6291 dkane@timesdispatch.com
Congratulations to all RMA members who continue to provide excellent products and services in RVA!
ENDORSED VENDOR HIGHLIGHT:
In Good Hands.
Allison Cherry
804.317.3432 allisoncherry@ups.com
It's no secret that payroll is one of the most important functions of your business – for both you and your employees. For something that plays such a critical role in the success of your business, you need to know you are in good hands. As a result, we recommend you check out Dominion Payroll Services (DPS). RMA members receive a no-obligation review of their current payroll system and a 15% discount on payroll services when they join the DPS family. To learn more, please contact your DPS representative, Joe LaBella, at 804.355.3430 or jlabella@dominionpayroll.com. 8 | Retail Partners | RetailMerchants.com | ThinkShopBuyLocal.com | Fall 2016
Scott Johnston
804.836.6798 scott.johnston@worldpay.us
LOOK WHO HAS JOINED SINCE OUR LAST ISSUE:
NEW RMA MEMBERS Title Sponsor
Welcome to the Family! AJ Tickets Dances With Wool Flooring RVA Greater Richmond Age Wave Coalition Hometown Realty HR-TABS Marco's Pizza-Midlothian River City Food Tours Sacred Waters Holistic Spa & Boutique Studio Center Total Production The Meadow Event Park & State Fair of VA
NEW MEMBERS AT THE ECONOMIC FORECAST From Left to Right: [Back Row] Leonard Blue (Experimac), Frank Gerloff (The Service Company of Virginia, Inc.), Charles Brown (Urban Traders), Harry Ragsdale (Marco's Pizza - Midlothian), Ben Terry (World Pediatric Project); [Front Row] Lindsey Barden (The Rappaport Companies), Deborah Floyd (Dances With Wool), Marlene PiersonJoliffe (The Meadow Event Park & State Fair of VA), Angela Stiens (Sacred Waters Holistic Spa & Boutique), Camille Bird (Sacred Waters Holistic Spa & Boutique)
The Rappaport Companies The Service Company of Virginia, Inc. Urban Traders World Pediatric Project
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VRF LEGISLATIVE UPDATES
> >>> >> > COMING UP General Assembly Session
The 2017 General Assembly Session begins on January 11, 2017. This year is a short session that will only last 45 days. Each year the sessions switch from short to long (60 days); odd years are short and even years are long. Your VRF lobbyists, Jodi Roth and Kate Baker, will be at the Capitol representing your interests throughout the entire session. This year we expect many of the same issues that come up every year. These include: minimum wage increases, felony threshold, mandated paid sick leave, ABC issues, and much more. Please keep a look out for our weekly emails during Session; this is where we give you an in-depth look at what takes place during Session and which bills we are following on your behalf. You may also receive Legislative Alerts during this time. A Legislative Alert is when we ask for your help by making a phone call, sending an email, or coming to the Capitol to testify on an issue that impacts your business.
BE SURE TO MARK YOUR CALENDARS TUESDAY, NOV. 8TH IS ELECTION DAY. GET OUT THERE & VOTE!
Overtime Rule Changes DON’T FORGET! The new salary threshold for overtime is due to go into effect on Thursday, December 1, 2016, with automatic updates to the threshold every three years starting on Wednesday, January 1, 2020. A QUICK REFRESHER... The new salary threshold for overtime pay, set by the Department of Labor (DOL) earlier this year, will increase to $47,476 ($913/week). Long story short, this means that any employee (with a few exceptions) making below the $47,476 threshold will be entitled to overtime pay (i.e., time and a half) for any work done beyond their normal 40-hour work week. Please make sure that your business is prepared for this change and that you have updated your company policies with regard to overtime! See the full breakdown of these new changes on VirginiaRetailFederation.com. Still have a few lingering questions? Please contact Jodi Roth at 804.690.4940 or jroth@virginiaretailfederation.com.
2017 Legislative Reception Please save the date for the Legislative Reception on January 16, 2017. This event provides an opportunity to have face-time with your elected officials to discuss issues of importance for your business. 10 | Retail Partners | RetailMerchants.com | ThinkShopBuyLocal.com | Fall 2016
Keeping up with all the tasks that make your business successful is always a real challenge. Then along comes a new law or Government directive like Obamacare or the new employee overtime rules. If it wasn’t for the Retail Merchants Association, I’m not sure how I’d sort it all out. My membership allows me to run my business while the RMA breaks everything down and presents it in a language I can understand with real solutions. From seminars, to opportunities to socialize with other retailers, my RMA membership is more valuable to me today than ever before. - Bill Selden, President C.P. Dean Company
Honoring Our Area First Responders...
RMA NEWS & EVENTS
The 27th Annual Valor Awards are right around the corner! Due to the overwhelming community support over the years, we are thrilled to announce that this year we have expanded to all three ballrooms at the Greater Richmond Convention Center. This is an event that you do not want to miss! We invite you to register online today and join us in making this the biggest Valor Awards yet as we show our support to area First Responders from Ashland, Chesterfield, Goochland, Hanover, Henrico, Powhatan and Richmond as well as VCU Police, VUU Police, VSU Police, U of R Police, and J. Sergeant Reynolds Police. Your attendance is an expression of gratitude and you will walk out feeling inspired. Thank you to all of our sponsors of the Valor Awards as this event would not be possible without all of you! We hope to see you all at this year’s Valor Awards Breakfast Ceremony on Thursday, November 10, 2016 from 7:30-9:30 am.
The 100 Club The 100 Club has been a major supporter of the Annual Valor Awards as the Platinum Sponsor since 2010! They have also provided additional funding so that Police, Fire & EMS Academy graduates from each jurisdiction, college or university will receive a Table of 10 to attend this year's Valor Awards. Established in 1989 as a sub-association of Retail Merchants Association, The 100 Club is made up of a group of individuals whose mission is to provide financial support to Richmond area law enforcement, firefighter and emergency medical service professionals and their families in times of crisis suffered on the job. Each member of The 100 Club contributes $100 every year to fund approved requests made by jurisdictions in the city of Richmond, the town of Ashland, and the counties of Henrico, Chesterfield, Hanover, Goochland and Powhatan. Charitable gifts may be awarded to provide financial assistance for the education of dependents of a safety responder who has been killed or permanently disabled in the line of duty. In addition, contributions may be approved for the support of programs that benefit first responders in their jobs. James Hatcher, President of The 100 Club, and the Retail Merchants Association encourage everyone to consider joining The 100 Club. If you are interested, please call Len East, The 100 Club Secretary, at 804.359.1709 or visit the RMA website and look for “Beyond Retail” to join online.
November 10
27TH ANNUAL VALOR AWARDS CEREMONY
15
KEY SESSION
18
RMA RECYCLE DAY
December 02 21
Celebrating 50 years of tradition!
DISTINGUISHED RETAILER OF THE YEAR AWARD FIRST DAY OF WINTER!
January 06 16
11 | Retail Partners | RetailMerchants.com | ThinkShopBuyLocal.com | Fall 2016
FIRST FRIDAY FORUM VRF'S ANNUAL LEGISLATIVE RECEPTION
REGISTER NOW AT RETAILMERCHANTS.COM.
PRSRT STD US POSTAGE PAID RICHMOND, VA PERMIT #2254 Retail Merchants Association | 5101 Monument Avenue | Richmond, VA 23230 Phone (804) 662-5500 | Toll free (866) 750-2532 | www.RetailMerchants.com Facebook.com/RetailMerchants Facebook.com/ThinkShopBuyLocal Facebook.com/VirginiaRetailFederation Twitter.com/RetailMerchants Twitter.com/ShopLocalRVA Twitter.com/VARetailFed Instagram.com/ShopLocalRVA
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