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Reuters Share     U.S. retailers might get a gift from consumers this year: A boring but steady holiday season with a gentle uptick in sales, according to industry experts at the Reuters Consumer and Retail Summit. That would come as a relief after the drama of 2008, when holiday sales plummeted during the worst days of the financial crisis, and 2009, when stores from Macy's Inc and Saks Inc to Abercrombie & Fitch Co waited for shoppers to return. "It's going to be the most boring holiday season we've had in quite some time," said Janet Hoffman, global managing director for Accenture's retail practice. More
Global expansion a must for retailers: A.T. Kearney Study AT Kearney Share
Slow growth, heavy discounting and more fickle shoppers in recession &mdash weary developed markets mean retailers should be increasingly focused on international expansion, according to the ninth annual Global Retail Development Index study from management consulting firm A.T. Kearney. More Wal-Mart launches campaign to expand in Chicago The Wall Street Journal Share
Wal-Mart Stores Inc. launched a public-relations campaign ahead of a Chicago City Council committee vote, vowing to build "several dozen stores" and create 12,000 jobs in Chicago over the next five years. The announcement was the first time Wal-Mart has provided specifics on its goals for store openings, job creation and tax revenue. But the City Council has yet to take any action on approving Chicago's second Wal-Mart store. More
New York investor buys malls for $90 million Portland Business Journal Share
A New York real estate investor is acquiring five local shopping centers in transactions valued at $90.1 million. Purchase, N.Y.-based Retail Opportunity Investments Corp. said it closed a deal to purchase Vancouver Market Center for $11.19 million. More New Burger King restaurant powered by wind and solar energy Greener Buildings Share
A new Burger King restaurant in Germany features wind, solar, lighting, heating and cooling systems that are expected to produce whopping cuts in energy use and costs. The wind and solar power systems at the Burger King in Waghäusel, which was designed in collaboration with Wirsol Solar AG, supply one third of the restaurant's electricity needs. More
Gap spells out China expansion plans Bloomberg Business Week Share
Gap Inc. plans to open two namesake stores in Beijing and two in Shanghai and start selling its wares online in China later this year, starting a big push into the relatively new &mdash but white hot &mdash consumer market, the company said Wednesday. More Green retailers 6 key focus areas Environmental Leader Share
The top actions on the green retail agenda align with the strategic decision to take a holistic approach to all aspects of brand management and total cost of operations, according to "Getting From Green to Gold: Retail Success Factors and Outcomes," a new Aberdeen Group report authored by Jhana Senxian. For 59 percent of retail respondents, implementing a responsible and green-oriented sourcing and procurement plan is a crucial element of success. More PRSM Mid-Year Conference PRSM Share
The PRSM Mid &mdash Year Conference registration is now open. Join us at the Mid-Year Conference to refresh and hone your skills, and to learn innovative approaches to business while meeting with your peers and vendor partners. More
Hugo Boss to open as many as 60 new stores this year, Handelsblatt reports Bloomberg Share
Hugo Boss AG aims to open as many as 60 new shops per year, a third of which will be in China, to help raise sales, Handelsblatt reported, citing Chief Executive Officer Claus-Dietrich Lahrs. More Pop-up stores become popular for New York landlords The New York Times Share
The concept of a "now you see it, now you don't" store is commonly tied to a holiday theme: the New York beauty store Ricky’s opens more than a dozen Halloween costume shops in September and October. And last winter Toys "R" Us opened 33 Holiday Express locations in the Tri-State area. But in the last few years pop-ups have flourished in New York regardless of the holiday calendar. For building owners they are a way to fill vacant space and for sellers they offer a place to gauge the reception to their brand or introduce new products, without a long-term rental commitment. More
Hot Topic to open shops in Canada Financial Post Share
The California &mdash based mall retailer of mass rock and pop cultural apparel and accessories has confirmed it will open two boutiques in the Toronto area in August, part of a probable national expansion. More Tiffany reiterates 2010 expansion plans Bloomberg Business Week Share
Speaking during a Deutsche Bank consumer conference in Paris, Tiffany & Co. CFO Jim Fernandez reiterated the company's plans to expand in 2010. While the luxury goods seller reduced capital spending last year, it plans for capital outlays of 6 percent to 7 percent of sales this year, Fernandez said. More
Victoria's Secret takes wraps off London plan Business First of Columbus Share
London is going to learn Victoria's Secret. Limited Brands Inc. plans to open a flagship lingerie store at the corner of New Bond and Brook streets by 2012. It is the first full-line overseas store planned by the Central Ohio lingerie purveyor and the latest in a series of international moves by the Columbus-based retailer. More Study: Shoppers show signs of optimism Business Courier of Cincinnati Share
Results from a consumer tracking study show while consumers overall financial perceptions remain fairly flat compared to six months ago, 28 percent of consumers show an inclination to spend more money, according to a report in the Dayton Business Journal. The study, launched by the International Council of Shopping Centers, was started to understand how the recession has impacted consumer shopping habits. More |
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