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Retail sales in US rise most in 4 months, spurred by employment gains
Bloomberg    Share   Share on FacebookTwitterShare on LinkedinE-mail article
U.S. retail sales climbed in February by the most in four months, spurred by job gains and more seasonable temperatures. The 1 percent increase in purchases followed a revised 0.7 percent rise in January that was more than double the previous estimate, Commerce Department figures showed in Washington. February sales, boosted by a jump in auto purchases and more expensive gasoline, matched the median forecast in a Bloomberg News survey. J.C. Penney Co. and Macy's Inc. were among retailers that topped analysts' same-store sales estimates, a sign household spending is holding up after the strongest quarterly gain in four years. While higher fuel costs are a headwind for American consumers, bigger paychecks stemming from a tax compromise reached by President Barack Obama and congressional Republicans may help support demand in coming months. More

Retailers are expected to cash in on St. Patrick's Day
Los Angeles Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Retailers may be seeing more green this St. Patrick's Day. According to the National Retail Federation, 122 million Americans, or 52.4 percent, said they would celebrate the Irish holiday March 17, up from 45.2 percent last year and the most in the survey's eight-year history. Consumers also said they plan to spend slightly more than they did last year, an average of $33.97 compared with $33.05 in 2010. Total spending is expected to reach $4.14 billion. More

Kohl's opens 9 new stores
The Business Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Kohl's Corp. is opening nine stores this spring in seven states, including Wisconsin, that will create more than 1,200 jobs, the company said. In addition to a new store in Rice Lake, Kohl's is opening stores in Illinois, New York, South Dakota, Texas, Virginia and Washington. With the nine new stores, Menomonee Falls, Wis.-based Kohl's will have 1,097 stores in 49 states. More

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The retail store of the future    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Internet killed the music business, ruined the newspaper industry and has effectively brought the publishing world to its knees, and for years there has been speculation it would do the same to bricks-and-mortar retail stores, as consumers began to flock online for their shopping needs. These fears reached a fever pitch in recent months as such major retailers as Blockbuster and Borders, once thought to be powerhouses in the industry, have been forced into bankruptcy largely due to competition they faced from online services including Netflix and Amazon. But even with these setbacks, rumors of the death of the bricks-and-mortar store may be vastly overstated. More

Leading golf retailer, Golf Town, heads south
The Toronto Star    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Stephen Bebis, president and chief executive officer of Canadian specialty retailer Golf Town, has worked both sides of the border over the course of a 40-year career in retailing. So, he's pretty confident he knows what it will take to make the Markham, Ontario-based chain successful in the U.S. More

Curbing copper capers
STORES    Share    Share on FacebookTwitterShare on LinkedinE-mail article
It's the middle of the day. A store is full of customers, and suddenly the power goes out. No lights. No way to ring up sales. … Time to call the utility provider. Only, in this particular instance, the utility provider did not have a blackout or a brownout. Instead, there were thieves on the roof, cutting the power lines on the exterior electrical panels so they could steal copper wiring. More

Aeropostale to expand in Asia
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Teen clothing retailer Aeropostale Inc. signed a deal to open about 25 stores in Singapore, Malaysia and Indonesia over the next five years. The first store is scheduled to open in Singapore later this year, the company said. More

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Heirloom tomatoes, coffee help attract foodies to US malls
Bloomberg    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Malls angling to reel in American shoppers are using groceries as bait. In some locations, they're bringing in supermarket chains to do the job. In May, Westfield Group is opening an Aldi grocery in a Chicago-area shopping center. In other malls, the owners are aiming upscale and establishing farmers-market-style food courts with a cornucopia of artisanal products. More

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How fast food businesses are LEEDing the way to a more sustainable future
Food & Drink Digital    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Going green is one of the major trends every type of business is adopting in the new millennium and fast food franchises are no exception. Starbucks, Arby's and McDonald's are among the top of the list when it comes to fast food places implementing sustainability practices. 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

British retailer coming to Canada
Postmedia News via Ottawa Citizens    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Well-known British retail fashion stores Topshop and Topman are coming to Canada this fall, after The Hudson's Bay Co. said it had secured exclusive franchise rights for both chains. The Bay now has rights to both shops within existing department stores and stand-alone stores for both brands. The first store is expected to open in Toronto this fall, followed by expansion to other cities. There is already a Topshop and Topman flagship store in New York, and more openings in Brazil and Chicago are expected. 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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