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The Guardian
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Holiday shoppers spent merrily in December
The Associated Press via NPR    Share   Share on FacebookTwitterShare on LinkedinE-mail article
Americans spent more on clothes, shoes, luxury goods and electronics in December than a year earlier, extending retail sales momentum that had been building since August, according to newly released data. Figures released by MasterCard Advisors' SpendingPulse, which tracks spending in all forms including cash, show consumers treated themselves to new clothes and shoes while they shopped for gifts during the most important period of the year for retailers. More
Related story:  2010 online holiday shopping season was biggest ever (Mashable)

PRSM is gearing up to publish the '2011 Best Practices'
We invite participation from both vendors and retailers
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PRSM is publishing its next "Best Practices" book of mini papers covering any topic you deal with (from Air to Zoning) submitted by PRSM members. This "Best Practices" book is an invaluable resource for our members as it will contain business processes, techniques and activities on how savings were captured, processes were improved or just a practice on what didn't work is also helpful. As facilities professionals, we have thousands of business practices we can share. We are asking you to submit at least one or two of your most practical best practices. More

Dollar General will hire 6,000 for new stores
The Associated Press via NPR    Share    Share on
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Discount-store operator Dollar General Corp. said it plans to open 625 new stores and hire more than 6,000 workers in 2011. The company said the store openings will be in 35 states it currently operates in as well as in three new states: Connecticut, Nevada and New Hampshire. It also plans to remodel or relocate 550 stores. Dollar General, based in Goodlettsville, Tenn., currently operates 9,200 stores and employs 88,000 staffers. More

December US retail sales show shoppers still wary
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Anyone thinking Americans might be back to their free-spending ways got a reality check as many mainstream retailers reported disappointing December sales. While some store chains cited a blizzard that hit the East Coast after Christmas, investors seemed more concerned that December sales showed that consumers have still not returned to spending habits seen before the financial crisis and that they will continue to be frugal. More

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Retailers feel heat from parity-happy Canadians
The Globe & Mail    Share    Share on FacebookTwitterShare on LinkedinE-mail article
After months of dealing with a stubbornly high Canadian dollar, some retailers are finally beginning to do what consumers have been demanding: narrow the price difference between Canadian and U.S. goods. Despite dollar parity, Canadian retail prices have remained higher than U.S. prices for comparable, or identical, products. More

Nominate your colleagues for PRSM awards
PRSM    Share    Share on FacebookTwitterShare on LinkedinE-mail article
PRSM Association's Awards Committee announces that individuals are being sought for the 2011 PRSM Association Retailer of the Year and Vendor of the Year Awards. Nominations are also being sought for the Lawrence W. Whelan PRSM Lifetime Achievement Award and the Innovation in Sustainability Awards (New for 2011). More

SpendingPulse: Retailers wrap up a jolly holiday
CNBC    Share    Share on FacebookTwitterShare on LinkedinE-mail article
For many retailers, December truly was the most wonderful time of the year. A new report from MasterCard Advisors' SpendingPulse, which estimates sales across all payment forms, shows strong sales growth in December for apparel and high-end items, including jewelry. Online sales were also very strong, perhaps helped by wet weather in West and a post-Christmas blizzard in the Northeast. More

Consumers take control of shopping
Chicago Tribune    Share    Share on FacebookTwitterShare on LinkedinE-mail article
While the 2010 holiday shopping season came in stronger than expected, retailers aren't waving the victory flag just yet. As merchants pack up the Christmas decorations and make room for the clearance racks, they are also dealing with a shopping environment that has changed dramatically since the recession began in 2007. Retailing, never a game for the meek, is getting tougher. More

BJ's Wholesale Club will close 5 stores, cut 494 jobs
The Associated Press via USA Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
BJ's Wholesale Club, a potential takeover target, will shave hundreds of jobs and close five stores by the end of the month. Three stores in the Atlanta area will be closed, along with one in Sunrise, Fla., and one in Charlotte, N.C., resulting in the loss of 380 jobs. The company also says it's cutting 114 jobs at its headquarters in Natick, Mass. More

Out with the old    Share    Share on
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Amid another year filled with economic questions, one thing is certain—women haven't stopped buying lingerie, and fruit- and flower-scented lotions haven't gone out of style. Limited Brands Inc. has racked up record results so far in 2010 by satisfying those consumer desires. Victoria's Secret and Bath & Body Works are headed for their best annual sales ever. Any CEO who has weathered the economic turbulence of the past few years likely deserves praise, but Limited Brands CEO Les Wexner has done more than that. The company he founded and heads has thrived. More

Walgreens December sales surge 7.5 percent
Fox Business    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Helped by climbing front-end and pharmacy sales, Walgreens revealed a strong increase in December sales, offsetting losses from new generics and a slow flu season. The Deerfield, Ill.-based company had December sales of $6.81 billion, up 7.5 percent from $6.34 billion a year ago, led partially by a 2.8 percent gain in comparable-store sales, or those open at least one year. More

Irving Place Capital acquires fashion retailer Dots
The Sun Herald    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Irving Place Capital, a leading middle-market private equity firm, announced that it acquired Dots, LLC, a fast fashion women's apparel and accessory retail company. The transaction closed on Jan. 3. Terms of the transaction were not disclosed. More

Sears and Urban Outfitters circle J. Crew
The New York Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The "go-shop" provision in the $3 billion proposed buyout of J. Crew has now attracted window shoppers. Several potential suitors, including Sears Holdings and Urban Outfitters, have been studying J. Crew's books, people with direct knowledge of the matter told DealBook. Urban Outfitters is seriously weighing a counterbid for the high-flying preppy retailer. More
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PRSM Weekly
Colby Horton, Vice President of Publishing, 460.420.2601   Download media kit
Yvette Craig, Sr. Content Editor, 469.420.2641   Contribute news
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