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Import numbers show signs of stronger holiday season in 2012
National Retail Federation    Share    Share on FacebookTwitterShare on LinkedinE-mail article
With retailers smack in the middle of back-to-school, it's way too early to predict what will happen during the holiday season. National Retail Federation's annual forecast doesn't come out until October, and lots can happen between now and then. But one set of numbers released this week could give some insight into what retailers are expecting. NRF's Global Port Tracker report is showing a strong increase in imports for August, September and October – the three key months of the year when retailers import the bulk of the merchandise they will sell during the holiday season. More

Join forces with PRSM: Promote recycling in shopping centers
PRSM    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The day when all shopping centers offer enhanced recycling is still off in the distant future, but with a united effort between PRSM, other industry organizations and retail stores, we are working to initiate a more rapid pace of change.

Join PRSM in advancing the issue of collaborative landlord/tenant recycling programs in shopping center based environments through an online-petition, which once populated with signatures, will be sent to all shopping center landlords.

Click here to read the petition and support this important initiative.

Store opening plans reach 4-year high, report claims
Retail Traffic    Share    Share on FacebookTwitterShare on LinkedinE-mail article
U.S. retailers'store opening plans hit a four-year high in July, setting off hope that a resurgence in new development projects might be just around the corner, according to the August edition of National Retailer Demand Monthly report from RBC Capital Markets and Retail Lease Trac. RBC estimates that over the next two years the retailers in its database plan to open a total of 78,325 stores, an 11 percent increase over the number of store openings projected at year-end 2011 and a 0.6 percent increase over plans announced in June. More

Green buildings top $4 billion in venture capital invested; investors seek new emerging technologies
FMLink    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Venture capitalists have pumped in more than $4 billion in the race to build greener buildings, according to a new report from strategic intelligence provider Lux Research. As the first wave of investments reaches exits, investors are now looking at new innovative technologies to further develop this space. More

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Grocery chains buy up shopping centers in a defensive play
Retail Traffic    Share    Share on FacebookTwitterShare on LinkedinE-mail article
As more grocery-anchored center owners decide to put their properties on the market to take advantage of strong investor demand, grocery chains are stepping in and claiming the centers they anchor to avoid risking the uncertainty of a new owner. The biggest grocery chains in the U.S. have invested nearly $450 million in grocery-anchored center purchases during the past 24 months, according to Real Capital Analytics, a New York City-based research firm. Lakeland, Fla.-based Publix, which operates 1,058 stores in five southeastern states, has been the most active buyer during this period. More

PayPal to expand into more stores
The Associated Press via Los Angeles Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
PayPal is expanding its brick-and-mortar payment services to more than 7 million stores across the U.S. in a partnership with Discover Financial Services. EBay Inc.'s payments unit said that retailers that take Discover cards will be able to process PayPal payments beginning next year. Consumers will be able to pay using PayPal cards and later, mobile devices. More

Online retail isn't always better retail
MediaPost    Share    Share on FacebookTwitterShare on LinkedinE-mail article
It has become axiomatic that brick-and-mortar retail is not a place to buy things but to look at products, then maybe benchmark prices before going online to make the purchase. But a new mystery shopper study by StellaService suggests that, at least for the $83.8 billion back-to-school season, in which 2-out-of-5 consumers will do their shopping online this year (nearly double the number from five years ago), going to a physical store can save money and time. More

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Bed, bath … and beer
Chicago Tribune    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A household goods store is looking to sell something to put into the wine glasses and beer steins sold at its Schaumburg, Ill., location. Bed, Bath and Beyond will be seeking the right to sell packaged beer, wine and food. The New Jersey-based retail chain acquired Cost Plus World Market in May, which spurred the interest in selling the new products. World Market sold food, wine and craft beer, and had a location in Schaumburg that closed in 2008. More

Starbucks to recycle coffee grounds into bio-plastics
Environmetal Leader    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Starbucks is working with biorefinery scientists to turn its used coffee grounds and bakery food waste into bioplastics, laundry detergents and other everyday products. Scientists have completed a successful laboratory testing of the new biorefinery process, according to Carol S. K. Lin, who led the research team and reported on the Starbucks partnership at the 244th National Meeting & Exposition of the American Chemical Society. More

As retail sales tick up in July, back-to-school shopping plays important role
National Retail Federation    Share    Share on FacebookTwitterShare on LinkedinE-mail article
After an unusually strong winter driven by sales of warm weather attire and bright, trendy fashions, a rocky spring followed, making it anyone's best guess for what retailers would see from shoppers entering the dog days of summer. Dog days might be an understatement this year, with one of the hottest July's on record combined with extreme drought conditions for many states across the country. The Commerce Department in July reported that June retail sales missed expectations, showing a consumer who was clearly hesitant to spend on anything other than the essentials, such as health and personal care items and grocery products. At that time, NRF's Chief Economist Jack Kleinhenz stated that the data was "discouraging but not demoralizing." More

Retail sales drop unexpectedly in Canada
The Vancouver Sun    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Retail sales in Canada fell in June, widely missing expectations of a small gain as increasingly cautious shoppers pulled back on a number of fronts and overnight trips to the U.S. hit a record high as higher duty-free exemptions kicked in. More


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Sales and earnings up at Michaels in Q2
Retailing Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Michaels Stores reported a second quarter same-store sales increase of 2.9 percent driven by a 3 percent increase in transactions and a positive impact of 0.9 percent from deferred custom framing revenue partially offset by a 1 percent decrease in average ticket. Net sales for the quarter increased 4.1 percent to $892 million from $857 million in the second quarter of fiscal 2011. More

Report: Convenience store sales up 6 percent despite flat traffic    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Convenience store visits remained stable and total channel sales were up in the second calendar quarter of 2012 compared to same quarter year ago, according to market research firm The NPD Group. NPD's convenience store research finds that there were 2.2 billion visits to c-stores in the quarter, which was about the same traffic level as in Q2 2011, and aggregate channel sales were up 5.9 percent quarter-over-quarter. More

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New Best Buy CEO Joly slated to get $6.25 million, if he doesn't take the job
NBC News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Best Buy's decision to put a hospitality industry veteran at the helm of the troubled electronics retailer was surprising enough, but one condition of Hubert Joly's compensation package raised even more eyebrows: A stipulation that if the French citizen can't get authorization to work in the U.S., he will receive a payout of $6.25 million. More

Google offers free and discounted Wi-Fi at US malls
Search Engine Watch    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Google and Boingo Wireless are teaming up to offer free Wi-Fi at eight U.S. malls and discounted access in 16 major airports across the U.S. Google's sponsorship isn't completely altruistic; people need to subscribe to Google Offers in their city to purchase the deal. This June, Google partnered with Boingo Wireless to offer free Wi-Fi in six subway stations and more than 200 other locations in New York City. That program is scheduled to end Sept. 7. More

Retailers questioning $7 billion swipe fee settlement
National Retail Federation    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The $7 billion settlement in a retail industry lawsuit over Visa and MasterCard swipe fees announced over the weekend was initially reported as a victory for retailers. But as NRF and retail companies have begun to look more closely at the proposed deal, it’s not clear that there would be much long-term impact on the skyrocketing fees. More

'Getting' millennials: What they're looking for in a store
Retail Wire    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Many of us look back fondly on the period of our lives when we entered the workforce, started a family and bought our first home. We remember the feelings of accomplishment — and also the struggles. Imagine (asuming you're not a millennial yourself) how tough it is for those coming of age during the Great Recession. It's not a wonder that millennials are, on average, a frugal generation. More

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DSW profit beats on higher demand for affordable branded shoes
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Footwear retailer DSW Inc's second-quarter profit beat analysts' estimates for the sixth consecutive quarter as more value-conscious customers shopped for its affordable and trendy branded shoes. DSW, which sells shoes of brands including Prada, Nine West, Fendi and Tommy Hilfiger at discounted rates, maintained its adjusted profit forecast for fiscal 2012 and said it plans to open 27 new stores in the second half of the year. More

American Eagle gains after boosting full-year profit view
Bloomberg Businessweek    Share    Share on FacebookTwitterShare on LinkedinE-mail article
American Eagle Outfitters Inc., the teen-apparel chain that brought in a new chief executive officer in January, rose the most in three months after raising its full-year profit forecast amid increasing sales. More

Shoppers hit stores to prepare for Isaac
WSVN-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Shoppers are heeding the warnings and getting ready. All Thursday morning, customers have been leaving a Plantation Publix with bottles and bottles of water in case Tropical Storm Isaac gains strength and poses a threat to South Florida. Little Leah Shapiro's family was among those preparing. "I know it's a category one, so it's not that bad," she said. "I think it's just like really, really rainy and stormy." More

Kindle store, E-Reader now available in India
The Wall Street Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article Inc. officially launched its India Kindle Store on Wednesday, offering over one million titles to its customers in the subcontinent. Kindle devices are now also available for direct sale. The U.S. e-commerce giant has struck an exclusive deal with Croma Retail stores for the sale of the basic Kindle e-reader across India. Initially, the device will be priced at around 7000 rupees ($127). More

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