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Retailers' sales rise, but gas prices threaten
Reuters via Yahoo News    Share   Share on FacebookTwitterShare on LinkedinE-mail article
Top retailers posted stronger-than-expected sales gains for February, a show of strength that could dissipate this spring as rising gasoline and food prices take their toll. The 25 retailers in the Thomson Reuters same-store sales index reported a rise of 4.2 percent in sales at stores open at least a year, beating forecasts of a 3.6 percent increase. Luxury retailer Saks Inc. and Victoria's Secret parent Limited Brands Inc. had among the biggest gains, while discounter Target Corp. and Gap Inc. missed analysts' forecasts. More

PRSM Webinar: National Fire Protection Association Code 25 Compliance Tuesday, March 8, 2:00 -3:00 CST
PRSM    Share    Share on FacebookTwitterShare on LinkedinE-mail article
With the slowing economy, there has been a marked increased in jurisdictional enforcement of fire and alarm system maintenance. Many jurisdictions have adopted some level of mandatory reporting that often leaves little choice between making corrections or facing fines or losing use of the facility. This webinar reviews strategies to obtain the greatest benefit with the lowest spend while keeping the risk of loss low and maintaining compliance. More

PRSM Association Leadership attends EuroShop
PRSM    Share    Share on FacebookTwitterShare on LinkedinE-mail article
PRSM Association President Paul Walsh and Executive Director Patricia Dameron attended EuroShop in Dusseldorf, Germany this week. Boasting over 106,000 visitors and 2,030 exhibitors, it was the largest EuroShop of all times. In keeping with the PRSM Association strategy to better connect retailers and vendors globally, EuroShop was an excellent opportunity for PRSM to gain greater access to international companies and to learn how retailers and vendors share best practices and identify resources beneficial to their businesses globally. More

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Calgary to lead Canada in retail sales growth
Calgary Herald    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Calgary region will lead Canada this year in the rate of annual growth for retail sales among the country's major markets. A Retail Sales Outlook report by KubasPrimedia indicates the Calgary census metropolitan area will see sales climb by 6.4 percent in 2011 to $23.9 billion. More

The story of how J. Crew became the $3 billion company everyone was fighting over
Business Insider    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Everyone is fighting over the preppy retailer, known for its reliable sizes and bright colors, because it came through the recession successfully unlike many of its competitors and has driven a massive brand expansion in the past five years with the launch of multiple new lines. J Crew CEO Mickey Drexler said "It's about product, it's about quality, it's about design, it's about service, it's about creativity." More
Related story:  J. Crew shareholders approve takeover (Reuters)

Family Dollar turns down billionaire Nelson Peltz
Forbes    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Discount retail chain Family Dollar rejected a $7 billion takeover bid from the investment firm controlled by billionaire Nelson Peltz. In classic defense fashion, the press release says the bid "substantially undervalues the company" and Family Dollar adopted a shareholder rights plan. More

Feast or famine at the shopping mall
MarketWatch    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Pent-up demand, warmer weather, a couple of holidays and a more optimistic take on the economy helped drive February sales higher for many retailers. Overall, same-store sales rose 4.2 percent, and 65.2 percent of retailers beat expectations, while 34.8 percent missed, according to Thomson Reuters. More
Related story:  Income optimism keeps US comfort index near high (Bloomberg)
Related story:  Retailers report solid gains in February (The Associated Press via NPR)

Discount retailer Loehmann's emerges from Chapter 11
CNBC    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Discount retailer Loehmann's said it has emerged from bankruptcy protection, which it sought in November after its Dubai government-linked owner failed to reach a debt-extension deal with creditors. New York-based Loehmann's said it secured $45 million in financing while saying its restructuring eliminated $110 million in long-term bond debt, $14 million in interests and included $23 million in other cost reductions. More

As big boxes shrink, they also rethink
The Wall Street Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Major big-box retailers have been shifting to smaller stores—and scratching around for more profitable ways to fill under-used spaces as they go about reinventing themselves. Some are becoming landlords, turning excess space over to other businesses. Others are trying to fill the space themselves by stretching into new products and services. More

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3 shopping centers going solar in Woodbury, Minn.
Finance & Commerce    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Robert Muir Co., a shopping center developer, is installing a total of 130 kilowatts of solar energy on three Woodbury, Minn., shopping centers this year. Four solar arrays, or groupings of solar panels, will be installed atop two of the centers soon. In January, a 10-kilowatt array atop the Shoppes of Woodbury Village started generating electricity. More

Report: Canadian retail sales disappoint in last quarter
Marketing Magazine    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Apparently, a whole lot of Canadians got socks and sweaters for Christmas. Clothing stores were one of the top performing retail segments in the fourth quarter of 2010, with sales up 8.8 percent over the same period in 2009 according to the new "Retail Sales Outlook Canada" report from Toronto-based KubasPrimedia. More

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Walmart bans controversial flame retardant from products
GreenBiz    Share    Share on FacebookTwitterShare on LinkedinE-mail article
In another example of how Walmart can use its bulk to force widespread changes, the world's largest retailer has banned the use of a class of flame retardants in the products it stocks. The company quietly banned polybrominated diphenyl ethers, or PBDEs, from some products a few years ago and recently notified suppliers it would begin testing products starting June 1 to ensure the chemical isn't being used. More

Recession has shopping centers shifting focus
The Birmingham News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The global financial meltdown of 2008 dealt a severe blow to the U.S. shopping center industry, and while a slow recovery is under way, the sector has fundamentally changed. That was the message from the chairman of a Louisiana-based shopping center owner and developer, who spoke to hundreds of real estate professionals and others gathered recently in downtown Birmingham, Ala. More

It's coming. Are you ready?

On July 14th, 2012, many halogen and fluorescent lamps will no longer be available due to the Energy Policy and Conservation Act. Retailers will be hit hard and need to act now because the deadline is closer than you think. We’ve got the network, products, and expertise to provide a turnkey solution! more

Canadian consumers embracing mobile retail    Share    Share on FacebookTwitterShare on LinkedinE-mail
Canadians are adopting new technologies that improve their shopping experiences faster than consumers in most other countries, according to an annual IBM global-shopping survey. The survey of 30,000 consumers in 13 countries, including more than 2,000 Canadians, found that the number of Canadians willing to use mobile technologies to shop increased by 160 percent year-over-year, second only to U.S. consumers in uptake. 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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