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The Guardian
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US retail chains report a robust November
The New York Times    Share   Share on FacebookTwitterShare on LinkedinE-mail article
Retailers bet big on November, and the gambit seems to have worked. Stores extended Thanksgiving sales early in the month, pushed online discounts and competed on post-Thanksgiving specials to get consumers spending again. And sales at stores open at least a year, an important measure of retail health, rose 6 percent on average in November versus a year ago, according to a tally of almost 30 retailers by Thomson Reuters. That blew by analyst estimates of a 3.6 percent increase for the month. More

Call for Nominations: 2011 Board of Director Elections
PRSM    Share    Share on FacebookTwitterShare on LinkedinE-mail article
PRSM Association's Nominating Committee is requesting nominations from the membership at large for candidates to be elected to the 2011 Board of Directors along with your reasons for nominating your colleague.

Billion-dollar day: 'Cyber Monday' was biggest in history

CNN    Share    Share on FacebookTwitterShare on LinkedinE-mail
Cyber Monday lived up to the holiday-season hype, becoming the biggest online shopping day in history, according to Web analytics company comScore. Just over $1 billion was estimated to have been spent online in the United States on Monday, comScore said, making it the first Internet-shopping day to cross that threshold. That's a 16-percent increase over last year's spending. More

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J. Crew agrees to $3 billion buyout offer by TPG
Bloomberg Businessweek    Share    Share on FacebookTwitterShare on LinkedinE-mail article
J. Crew Group Inc. agreed to be acquired by TPG Capital and Leonard Green & Partners in a transaction valued at about $3 billion, giving the buyout firms the New York-based retailer’s namesake and Madewell brands. The price is $43.50 a share, 23 percent higher than the 20- day average stock price. That compares with the 17 percent average premium for U.S. private-equity takeovers of apparel makers, according to data compiled by Bloomberg. More

Developers Diversified Realty and Five Below open 6 stores in 2010
PRNewswire via    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Developers Diversified Realty Corp. and Five Below announced the two companies opened six locations in 2010. Five Below is a leading retailer of trend-right, extreme value merchandise between $1 and $5 for teens and pre-teens. Developers Diversified shopping centers in Macedonia, Stow and Columbus, Ohio; Apex, North Carolina; Horseheads, New York; and Princeton, New Jersey all opened Five Below locations in 2010. Five Below expanded their stores in Hamilton and Mays Landing, New Jersey this year as well. More

Starbucks seeks acquisitions to boost grocery plan
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Starbucks Corp. laid out an ambitious strategy for growing sales beyond its cafes, saying it would look to expand its packaged goods business through acquisitions. Starbucks' brass believe its packaged coffee, bottled Frappuccino, Via instant coffee and other products sold in grocery stores can grow faster than sales at its 17,000 retail cafes around the globe. More
Related story:  Starbucks recycles old cups into new ones (Green Biz)

Duckwall-ALCO to close 44 Duckwall stores, changing name
Retailing Today    Share    Share on FacebookTwitterShare on LinkedinE-mail
Duckwall-ALCO Stores announced that it will close 44 Duckwall stores and redeploy the capital into higher-return ALCO stores. The company, which currently operates 214 broad line ALCO stores in 23 states, said it intends to change its corporate name to ALCO Stores Inc., to reflect its new strategic focus. The name change will likely take place in fiscal 2012. More

2 Albertsons stores reach zero waste goal
Environmental Leader    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Two of Albertsons Santa Barbara stores in California have reached "zero waste" classification in their daily operations. Through a combination of recycling programs, a food donation program and a joint organic composting program with the City of Santa Barbara, the two grocery stores now divert all non-contaminated waste from landfills and incinerators. In total, over 95 percent of all waste products from both stores are recycled, reused or composted — exceeding the 90 percent threshold commonly recognized as zero waste. More

Retailers fight to escape 'conflict minerals' law
The Wall Street Journal    Share    Share on
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Top U.S. retailers including Wal-Mart Stores Inc. and Target Corp. are battling to limit a new federal law that could force them to report whether their store-brand goods contain minerals from war-torn Central Africa. The requirement, part of the Dodd-Frank financial law passed in July, aims to pressure companies to spurn so-called conflict minerals — tin, tantalum, tungsten or gold from parts of the Democratic Republic of Congo or neighboring countries. More
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PRSM Weekly
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