Rainbow USA Saves More Than $125,000 with Standout Jobs

September 30th, 2008 by n4

Rainbow USA, Inc. is a privately-held, national retail clothing chain specializing in junior, plus-sizes, lingerie and children’s apparel. Founded in Brooklyn, New York in 1935, Rainbow has grown to include four brands and has opened more than 1,000 locations nationally, adding 60 more per year. Their focus is on women ages 14 to 40 and as such the work environment is youth-oriented, fun and full of energy, while offering employees stability and solid, long-term career paths.

Challenge

Rainbow has not only survived but thrived in the fickle retail space for decades. Clothing trends have come and gone along with brands catering to what’s hot in the moment, but Rainbow has outlived them all. To do that Rainbow relies on a loyal, knowledgeable staff of store, district, and regional managers to keep the brand at the top of its game. Rainbow boasts an impressive retention rate, with 80 percent of the managers having been with the company for more than 18 years. The company constantly strives to hire skilled talent looking for real, long-term career opportunities with multiple growth paths within the organization.

Traditionally, Rainbow relied on recruiters to funnel skilled managerial and corporate candidates into the hiring pipeline. While recruiters managed to find candidates with desirable skill sets, the process often took months and was expensive. In retail, it’s common for recruiters to ask for 15 percent or more of a new hire’s salary once placed. Rainbow augmented its active recruitment efforts with paid listings on Monster.com, Careerbuilder.com, HotJobs.com and Allretailjobs.com, typically spending 10s of thousands of dollars throughout a year with little return on the investment.

“The boards are junk. They are full of desperate candidates who don’t read the ads and don’t have the skill sets Rainbow needs to succeed in a highly competitive environment,” says Anthony Bockerstette, Rainbow’s corporate talent acquisition manager.

Solution

Rainbow needed a more effective way to showcase itself to prospective employees, including senior level executives; attract candidates, both “active” and “passive” job seekers; promote the company’s positive work experience; and manage applicants. Rainbow turned to Standout Jobs’ suite of hosted career site tools which lets Rainbow showcase its culture and team, advertise open positions across the Web, and manage job applicants through the hiring process from one central and easy to use “dashboard.”

“We initially set up the career site to give candidates something to get excited about,” said Bockerstette. “We needed something which said ‘hey, go look at the site, see what we’re about and read the testimonials. We want you to get excited about the company.’”

Bockerstette found Standout Jobs quick and simple to use.

I had a first class career site up and running in 15 minutes. I’m not a programmer, and Standout Jobs made the site very user-friendly. Regular maintenance is just a matter of point, click and publish. The service I received when I had questions completely outclassed anything from the job boards and recruiters I had previously used.

Results

In just a short period of time using Standout Jobs, Rainbow has filled key positions including a number of store managers; the company’s Visual Manager, responsible for the overall look and feel of the brand both online and off; a lease administrator and a Senior Buyer for Rainbow’s 579 division.

Bockerstette estimates the savings on recruiters’ fees alone for just the above positions is more than 5,000.

Bockerstette added, “We want to make hiring more proactive versus reactive. There’s huge turnover in retail due to bad hires. With the help of Standout Jobs we’ve continued to be proactive in finding great fits for Rainbow who will stick around longer, saving us money and keeping us on a competitive path.”

 Rainbow USA Saves More Than $125,000 with Standout Jobs  Rainbow USA Saves More Than $125,000 with Standout Jobs  Rainbow USA Saves More Than $125,000 with Standout Jobs  Rainbow USA Saves More Than $125,000 with Standout Jobs  Rainbow USA Saves More Than $125,000 with Standout Jobs  Rainbow USA Saves More Than $125,000 with Standout Jobs

 Rainbow USA Saves More Than $125,000 with Standout Jobs
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Pressplane Gets $1.4 Million For ‘Buy And Sell Marketplace’

September 30th, 2008 by n4

We missed this one earlier: Incubator Curious Office has closed its first round of funding of .7 million for its latest venture, Pressplane, led by Second Avenue Partners and angels, including *MTVN’s* Mika Salmi, Expedia founder Rich Barton, former Expedia CEO Erik Blachford, Whitepages founder Alex Algard and a slew of others. In its announcement, the company was vague on the details as to what Pressplane is, but says it is a “buy and sell marketplace” similar to art images site Imagekind, but geared towards designers and creative content serving businesses.

The Seattle-based incubator started in 2005 and has four other companies in its portfolio, such as book-focused social net Shelfari, which Amazon acquired just last month; Fanzter, which launched product site CoolSpotters this year; tool developer SEOmoz; social shopping service Wishpot and RSS toolbox FeedDigest.

Related

Social Media Deals Report: This 199-page report, filled with charts and data, examines the categories, number and size of VC and M&A deal in social media from 2007 through 2008. Visit the ContentNext Reports page

 Pressplane Gets $1.4 Million For Buy And Sell Marketplace

 Pressplane Gets $1.4 Million For Buy And Sell Marketplace  Pressplane Gets $1.4 Million For Buy And Sell Marketplace  Pressplane Gets $1.4 Million For Buy And Sell Marketplace  Pressplane Gets $1.4 Million For Buy And Sell Marketplace  Pressplane Gets $1.4 Million For Buy And Sell Marketplace

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MSFT Exec Yusuf Mehdi Upped To Lead Much Of Online Services—But Not As President: Report

September 30th, 2008 by n4

imageMicrosoft (NSDQ: MSFT) vet Yusuf Mehdi will now lead much of the company’s online services, including marketing, business development, product management for MSN, and search, according to Kara at AllThingsD. However, CEO Steve Ballmer has yet to appoint an overall replacement for Kevin Johnson, who left his post as president of the platform and service division in July. We suggested earlier this month that Mehdi and Brian McAndrews, SVP-advertiser and publisher solutions, were the most likely contenders to fill Johnson’s shoes. Mehdi, along with McAndrews and Satya Nadella, SVP-search, portal & advertising, are now heading up different aspects of advertising in the company. Formerly SVP-strategic partnerships, he’ll now be responsible for part of the portfolio of SVP Bill Veghte, who will focus on leading Windows and Windows Live. 

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 MSFT Exec Yusuf Mehdi Upped To Lead Much Of Online Services—But Not As President: Report

 MSFT Exec Yusuf Mehdi Upped To Lead Much Of Online Services—But Not As President: Report  MSFT Exec Yusuf Mehdi Upped To Lead Much Of Online Services—But Not As President: Report  MSFT Exec Yusuf Mehdi Upped To Lead Much Of Online Services—But Not As President: Report  MSFT Exec Yusuf Mehdi Upped To Lead Much Of Online Services—But Not As President: Report  MSFT Exec Yusuf Mehdi Upped To Lead Much Of Online Services—But Not As President: Report

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Wal-Mart Latest To Leave Owners of DRM’d Music In The Lurch

September 29th, 2008 by n4

Wal-Mart (NYSE: WMT) is doing a new rendition of an old classic… The retailer’s online music wing has told customers who bought DRM’d tracks from it that come October 9, it will no longer support these tracks, meaning they cannot be backed up or transferred to a new computer. They will, however, play on the computer for which they were originally bought. The solution: Burn your tracks to CDs and then rip those CDs back to non-DRM’d MP3s. Yes, as people have pointed out, there’s great irony in the fact that CD burning is a solution, when this type of circumvention was frowned upon in the past. This is basically the same as what happed to Yahoo (NSDQ: YHOO) music customers this past summer. MSN Music was also set to orphan its customers, but decided to postpone DRM server shutoff until 2011. The full memo sent to Wal-Mart customers can be seen here at Gizmodo.

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 Wal-Mart Latest To Leave Owners of DRMd Music In The Lurch

 Wal-Mart Latest To Leave Owners of DRMd Music In The Lurch  Wal-Mart Latest To Leave Owners of DRMd Music In The Lurch  Wal-Mart Latest To Leave Owners of DRMd Music In The Lurch  Wal-Mart Latest To Leave Owners of DRMd Music In The Lurch  Wal-Mart Latest To Leave Owners of DRMd Music In The Lurch

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NBC Sports: 12 Million Hours Of Olympics Video Served Across All Digital Platforms

September 29th, 2008 by n4

imageNBC Universal (NYSE: GE) claims it streamed at least 12 million hours of Olympics content across its digital platforms—HD, broadband, mobile VOD and interactive television. Some of the highlights:

Broadband: NBCOlympics.com attracted 7 million visitors who watched more than 30 million streams of live and VOD coverage, equaling 7.5 million hours of live and/or on-demand Olympics programming. NBC reports that 3 million people viewed 15 million streams of live Olympics coverage online totaling 4 million hours of video. Meanwhile, 4 million people viewed more than 15 million streams of full-length events on demand totaling 3.5 million hours of video.

VOD: Video on demand channels brought in 6.7 million total views, including 4.7 million views for highlights and previously aired events. VOD increased more than six times from the network’s offering during the Torino Olympics with 1.4 million unique users viewing such programming during the games. In all, about 750,000 hours of Olympics coverage was viewed on demand.

Interactive TV: NBC’s Olympic interactive television service reached 35 million homes via AT&T (NYSE: T), Comcast (NSDQ: CMCSA), Cox, DirecTV (NYSE: DTV), Dish and Verizon (NYSE: VZ). Almost 7.5 million satellite customers accessed the interactive features, which generated more than 50 million impressions and nearly 3.4 million hours of usage.

Mobile: The network reported 36 million page views and 6.5 million unique visits on mobile during the Olympics. More details at mocoNews.net.

Related

 

 NBC Sports: 12 Million Hours Of Olympics Video Served Across All Digital Platforms

 NBC Sports: 12 Million Hours Of Olympics Video Served Across All Digital Platforms  NBC Sports: 12 Million Hours Of Olympics Video Served Across All Digital Platforms  NBC Sports: 12 Million Hours Of Olympics Video Served Across All Digital Platforms  NBC Sports: 12 Million Hours Of Olympics Video Served Across All Digital Platforms  NBC Sports: 12 Million Hours Of Olympics Video Served Across All Digital Platforms

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Yahoo Reorgs Connected Life Division; Next Phase Focused On Making Money On Mobile

September 29th, 2008 by n4

imageYahoo (NSDQ: YHOO) is reorganizing the Connected Life division with the intention of actually making money. The reorganization, announced internally today at an all-hands meeting, includes a management shuffle and the new goal of contributing to Yahoo’s bottom line by 2009, according to an email we obtained. The email was sent out today to employees by Marco Boerries, Yahoo’s EVP of the Connected Life Division, who also made the announcement at a meeting this morning.

At the top of the list for new executive appointments, Boerries named David Ko as SVP of Mobile. Previously, he ran Connected Life in Asia, and will be moving back to the states from Singapore to head global operations and business activities. Ko is replacing Steve Boom, whose departure was reported last month. Boerries wrote: “I am super happy to announce today that David Ko, our rock star from Asia who led the Connected Life Mobile team to dominate in that region, has been promoted to SVP of Mobile. Also, as part of the restructuring, Boerries said he will now oversee all of the various groups, such as oneSearch, oneConnect and IPTV. Previously, those groups reported to Boom, who reported Boerries. Full details at mocoNews.net

Social Media Deals Report: This 199-page report, filled with charts and data, examines the categories, number and size of VC and M&A deal in social media from 2007 through 2008. Visit the ContentNext Reports page

 Yahoo Reorgs Connected Life Division; Next Phase Focused On Making Money On Mobile

 Yahoo Reorgs Connected Life Division; Next Phase Focused On Making Money On Mobile  Yahoo Reorgs Connected Life Division; Next Phase Focused On Making Money On Mobile  Yahoo Reorgs Connected Life Division; Next Phase Focused On Making Money On Mobile  Yahoo Reorgs Connected Life Division; Next Phase Focused On Making Money On Mobile  Yahoo Reorgs Connected Life Division; Next Phase Focused On Making Money On Mobile

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Adobe Denies Security Problem With Amazon Video Service

September 29th, 2008 by n4

Last Friday, Reuters filed a story with the title: “Hole in Adobe (NSDQ: ADBE) software allows free movie downloads”. The allegation, backed up by famed security expert Bruce Schneier, was that the company had taken a shortcut to boost the speed of online movie streams from Amazon (NSDQ: AMZN), resulting in a security flaw that allowed viewers to get free movies. Of course, several other places picked up the story and ran with it.

Anyway, the story isn’t closed. Adobe denies it took a shortcut or that it bears any responsibility. In a blog post, Adobe’s Kevin Towes lays out a fairly technical argument for why the Reuters story contained misinformation and why its technology (in this case, its Flash Server) is secure. However, it does acknowledge that certain pieces of malicious software can allow a user to steal movies if something is misconfigured. And here lies the rub: In many of these cases, where multiple web services interact, there’s no company actually at fault. It’s just a matter of getting everyone to work together.

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 Adobe Denies Security Problem With Amazon Video Service

 Adobe Denies Security Problem With Amazon Video Service  Adobe Denies Security Problem With Amazon Video Service  Adobe Denies Security Problem With Amazon Video Service  Adobe Denies Security Problem With Amazon Video Service  Adobe Denies Security Problem With Amazon Video Service

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EconSports: NHL Commissioner Gary Bettman Slotted for Spotlight Q&A

September 29th, 2008 by n4

imageWe’re thrilled to announce that National Hockey League Commissioner Gary Bettman will be featured in the Spotlight Q&A at our EconSports conference the morning of Oct. 29. The event will also feature Keynote Q&As with Bob Bowman, president and CEO of Major League Baseball Advanced Media, and John Skipper, EVP, Content, for ESPN. Our event panels—about deals within the sector, video’s role and sports media companies vs. the leagues vs. the startups—are also not to be missed.

EconSports is one part of our trio of conferences taking place at the Edison Ballroom in New York Oct. 28-29. We’ll also be holding the full-day conference Future of Business Media on Oct. 28 and EconWomen in the afternoon on Oct. 29.

5e04e_register_econsports EconSports: NHL Commissioner Gary Bettman Slotted for Spotlight Q&A

Ticket sales for FOBM and EconWomen are open as well.

If you have any questions about the program, email us at events AT contentnext.com. For sponsorship queries, email our business side at advertising AT contentnext.com.

 

 EconSports: NHL Commissioner Gary Bettman Slotted for Spotlight Q&A

 EconSports: NHL Commissioner Gary Bettman Slotted for Spotlight Q&A  EconSports: NHL Commissioner Gary Bettman Slotted for Spotlight Q&A  EconSports: NHL Commissioner Gary Bettman Slotted for Spotlight Q&A  EconSports: NHL Commissioner Gary Bettman Slotted for Spotlight Q&A  EconSports: NHL Commissioner Gary Bettman Slotted for Spotlight Q&A

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Washington Post Company Buys Foreign Policy Magazine

September 29th, 2008 by n4

The Washington Post Company (NYSE: WPO) isn’t just an for-profit education company, as it’s still making moves to bolster the media side. Today it announced the acquisition of Foreign Policy magazine, along with its website Foreignpolicy.com. The bi-monthly glossy, which was originally founded in 1970, will become part of the Slate group, and the plan is for former WaPo foreign affairs editor Susan Glasser to edit the magazine. The magazine claims circulation of 100,000 and it notes that its website is “fast growing,” though no numbers were given out. Terms of the deal weren’t announced, and it’s not clear what Foreign Policy’s financials look like. But it might be a good guess that highbrow, almost-academic, long-form writing on foreign policy might be less exposed to some of the brutal forces impacting the magazine industry. Release.

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 Washington Post Company Buys Foreign Policy Magazine

 Washington Post Company Buys Foreign Policy Magazine  Washington Post Company Buys Foreign Policy Magazine  Washington Post Company Buys Foreign Policy Magazine  Washington Post Company Buys Foreign Policy Magazine  Washington Post Company Buys Foreign Policy Magazine

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Bailout Bill Dies: Weakness Hits Everyone; GOOG Closes Below $400; AAPL Off Nearly 20 Percent

September 29th, 2008 by n4

imageApple: Down 18 percent. Google: Down 9 percent. Yahoo: Down 9 percent. Amazon: Down 12 percent. Yeah, that was a pretty ugly day in the market, as the House of Representatives stunned the world by killing a bailout deal that everyone assumed was a given. Then again, it was ugly even before the voting started, perhaps on murmurs that the deal would fail, though maybe investors felt it wouldn’t have done any good.

The good news: If you’re Apple (NSDQ: AAPL), Google (NSDQ: GOOG), Yahoo (NSDQ: YHOO), Time Warner (NYSE: TWX) or anyone else with an actual product, you can’t have a run on your business. You can’t fail overnight just because your partners lose confidence in you—unlike the various banks that went from business as usual to bankrupt in a matter of hours. But as Warren Buffett recently said artfully, the economy is like a bathtub. You can’t have it warm in the back and cold in the front.

And it’s clear that the financial sector is getting splashed with ice water. Take a look at the regional banks today. These are normal, everyday, retail banks whose business does not revolve around running hedge funds and other bizarre activities. Ohio-based Fifth Third was down over 33 percent today. Sovereign Bancorp, just a regular bank, fell over 70 percent today. Those declines create a feedback loop, since their customers are now wondering whether they’ll actually fail. Try checking Twitter to see if the bank’s customers get concerned about their deposits

More after the jump

If you were switching back and forth between CNBC and C-SPAN today, you’ll have heard many pundits say that the stock market isn’t where you want to look to gauge the panic. The big fear is the credit markets—particularly short-term lending. This is the money that companies borrow Thursday to make payroll on Friday, which they promise to pay back by Monday. It’s what makes it all flow. And if that flow freezes over, that affects everyone. Explaining how the media sector is exposed to every other sector of the economy hardly needs an explanation.

Besides exposure via advertising, it’s worth pondering the state of deals. Certainly leverage deals are through, but then again, that story is basically a year old already. Financing will get tougher, but barring Armageddon, lending isn’t done. Put it this way: If Microsoft were to revisit its Yahoo bid and it wanted to finance several billion of it, it’d have no problem taking on debt. There are still plenty of lenders that would love to park some of their cash with a company like Microsoft (NSDQ: MSFT). On the VC side, funds still need to invest the cash that they hold. And though the IPO market is dead, that’s another old story.

All that being said, it’s still hard to imagine the government not doing something quickly. Politicians aren’t used to the swift discipline of the market. Typically, they’ll make a vote, and at worst, they’ll have to answer for it at a low-ratings debate a year later. Usually, the result of bad decisions aren’t felt until well after the vote is made. Today, cause and and effect was pretty clear. The vote failed and the markets tanked. Plenty of politicians have legitimate philosophical oppositions to this deal. And supposedly calls to congress have been running “100 to 1″ against the deal. Let’s see how fast that resolve wilts in this market.

Meanwhile, our ContentNextDex, an index of the top 100 digital media-related firms fell a stunning 9.4 percent to 697.90. That’s pretty comparable to the 9.14 percent decline in the NASDAQ.

Check out the best business jobs in digital media. Go here for paidContent.org Job Board.

 Bailout Bill Dies: Weakness Hits Everyone; GOOG Closes Below $400; AAPL Off Nearly 20 Percent

 Bailout Bill Dies: Weakness Hits Everyone; GOOG Closes Below $400; AAPL Off Nearly 20 Percent  Bailout Bill Dies: Weakness Hits Everyone; GOOG Closes Below $400; AAPL Off Nearly 20 Percent  Bailout Bill Dies: Weakness Hits Everyone; GOOG Closes Below $400; AAPL Off Nearly 20 Percent  Bailout Bill Dies: Weakness Hits Everyone; GOOG Closes Below $400; AAPL Off Nearly 20 Percent  Bailout Bill Dies: Weakness Hits Everyone; GOOG Closes Below $400; AAPL Off Nearly 20 Percent

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