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Education and Events    Resources    News and Publications    Get Involved    Membership    About PRSM Mar. 23, 2012

Retail USA in 4 years
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According to a new Whitepaper from Nielsen, What's In Store, In-Store For U.S. Retail In 2016, traditional mass merchants and supermarkets have yielded share to value channels (club, dollar, and supercenter) and drug stores, prompting a series of changes, including format blurring, new marketing outreach techniques and shopper entertainment. The report adds that retailers will be challenged as never before to differentiate from an ever-expanding competitive set that brings novel ideas and fresh perspective to the marketplace. More

Down-and-out retail heavyweights: How in-store analytics change the game
Chain Store Age    Share    Share on FacebookTwitterShare on LinkedinE-mail article
With store closures and falling revenue threatening major retail chains, maximizing store productivity is more important than ever before. While it's been proven for many years that website analytics can drive dramatic improvement in online retail environments, so far most brick-and-mortar retailers are engaged in only rudimentary measurement. More

NRF: Spring apparel, candy to send Easter sales past $16 billion
National Retail Federation    Share    Share on FacebookTwitterShare on LinkedinE-mail article
It seems even high prices at the pump can't keep the Easter Bunny away this year. According to NRF's Easter spending survey, conducted by BIGinsight, Americans will shell out an average of $145.28 on everything from apparel and candy to food and decorations this year, up 11 percent from $131.04 last year. Total spending is expected to reach $16.8 billion. "Though the price of gas is on everyone's mind, Easter is one of the few holidays some consumers are willing to stretch their budgets, especially because many children look forward to treats and new outfits on Easter morning," said NRF President and CEO Matthew Shay. More

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US retail gets another boost from weather
UPI    Share    Share on FacebookTwitterShare on LinkedinE-mail article
U.S. retail sales rose 0.9 percent with clothing and department stores showing strong gains, a trade association said. The International Council of Shopping Centers said sales rose 0.9 percent from the previous week and 3.3 percent from the same week of 2011. The weather continued to push sales of spring items as the average temperature was 7.4 degrees Fahrenheit over the same week a year earlier. More

Canadians still like to go out when they shop
MarketWatch (blog)    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Are Canadians really "wary" of online shopping, as some recent media reports are suggesting? Or could it just be that here, anyway, bricks-and-mortar shopping is still a pleasant experience? A new study found that Canada, where about 80 percent of the population has Internet access — one of the highest rates in the world — is still not that big on online shopping. More

Sam's Club leads in customer loyalty rankings
Retailing Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Sam's Club has the most loyal customers, according to a new study by Temkin Group. The report, "2012 Temkin Loyalty Ratings," rated the loyalty that consumers have to 206 large companies across 18 industries. Only seven companies earned "very strong" loyalty ratings. In addition to the retailers listed above, credit unions and USAA earned the distinction. Sam's Club had the most loyal customers across all industries, with a loyalty rating of 65 percent. More

Canada retail sales disappoint
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Canadian retail sales rose by much less than expected in January, adding to recent gloomy economic data that signals the economy may have contracted at the start of the year. Retail sales increased by 0.5 percent in January and would have fallen had it not been for a healthy auto sector, according to Statistics Canada data. More

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Dollar General sales, profit continue to rise
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Dollar General Corp. posted higher-than-expected holiday-quarter earnings and sales as more shoppers came into its U.S. discount stores and spent more per visit, and it expects its momentum to continue this year. More

US apparel giant targets Australia, Asia
Inside Retail    Share    Share on FacebookTwitterShare on LinkedinE-mail article
U.S. apparel brand J Crew has opened its online store to Australians and Asians. The move expands its offer from 29 countries currently to 107 in five continents with transactions accepted in 41 local currencies. More

DSW 4Q profit rises, beats estimates
The Associated Press via Bloomberg Businessweek    Share    Share on FacebookTwitterShare on LinkedinE-mail article
DSW posted a $19.4 million in net income during the fourth quarter on strong sales at its shoe stores. For the quarter ended Jan. 28, the Columbus, Ohio retailer said its profit amounted to 37 cents per share and compared with a profit of $158,000, or 1 cent per share, in the year-ago period. More

Why big retail is running scared of the millennial generation
Forbes    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Spending a good portion of your early 20s in pseudo poverty was once a rite of passage, but for those millennials whose pockets are currently empty, it seems less like a temporary college era phenomenon and more like a new financial reality. And this lack of buying power has retailers running scared. More

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Kohl's to sell American Idol clothes line
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Kohl's will start selling an exclusive "American Idol" clothes collection in April, the department store said. The collection, called Authentic Icon, will be available in stores through June to coincide with the 11th season of "American Idol." More

RadioShack to open 1,000 Southeast Asian stores
Dallas Business Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
RadioShack signed an agreement with a Malaysian operator to develop 1,000 stores across Southeast Asia. Malaysian-based Berjaya Retail Berhad, which already operates stores of Dallas-based 7-Eleven, plans to open RadioShack locations across 10 countries in the next decade. The first stores are expected to open later this year in Kuala Lumpur. More

TRU plays up positives of otherwise lackluster Q4
Retailing Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The decision to open fewer Express stores during the 2011 holiday selling season, along with a decline in comparable-store sales both in the United States and internationally, contributed to Toys'R Us's fourth-quarter net sales decline of $47 million to $5.9 billion. On a positive note, the company's new ventures in Greater China and Southeast Asia have offset the sales decline. 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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