PRSM Weekly
March 18, 2011

Retailers, restaurants started raising funds to help quake victims and aid relief organizations
Crain's New York Business
Three days after the 8.9 magnitude earthquake hit the northeast coast of Japan, several New York-based companies and organizations have created disaster relief funds to help victims. The earthquake triggered a tsunami and has prompted two explosions at an atomic plant north of Tokyo, while the death toll from the nation's strongest earthquake may top 10,000, according to Bloomberg. In New York City, several retailers have already joined in the relief effort. SushiSamba, which has two restaurants and its headquarters in Manhattan, started a nationwide campaign Friday to give to the American Red Cross 100 percent of the proceeds from a $12 special sushi roll created by its Japanese sushi chefs.More

National survey on Energy Management, Practices and Priorities for Retailers
PRSM is partnering on a global survey on energy practices and investments in the real estate, facilities management and buildings sectors to explore the priorities of energy decision-makers. We invite you to participate in this Economic Energy Indicator (EEI) survey to contribute your knowledge to provide all of our members some useful benchmarking data around current retail business practices.More

Borders closing 28 more stores, paying vendors COD
Borders Group Inc. is set to close another 28 of its superstores on top of the 200 locations it is already shutting down as part of its reorganization under bankruptcy protection. Those locations will close by the end of April and include stores in Hollywood, Calif., and Stamford, Conn. The closings will leave Borders with only half of its superstores.More

Ross remains a value leader
Retailing Today
Ross Stores has emerged as one of those value retailers that has shined during the recent economic downturn. The company once again reported strong earnings and sales growth for the fourth quarter and fiscal year, showing that while the economy may be improving, value remains an important concern for consumers.More

The 10 Most Innovative Companies in Retail
Fast Company posted its list of the 10 Most Innovative Companies in Retail yesterday, with Groupon topping the list.More

Receipts going paperless
Boston Herald
"Paper or plastic?"is giving way to another checkout query, "paper or paperless?” More stores are offering the option of “paperless receipts" for environmentally conscious consumers who don’t mind giving out their e-mail addresses. "It's all about finding ways to be more environmentally friendly and making it more convenient for shoppers," said Liz Burkhhart, a Whole Foods spokeswoman.More

Premium outlet malls heading to Canada
The Globe and Mail
Two of Canada's top shopping centre developers are squaring off over plans to bring U.S.-style premium outlet malls to Canada. The showdown is coming to one of Canada’s fastest growing communities – Halton Hills, west of Toronto – where both RioCan Real Estate Investment Trust and rival Calloway Real Estate Investment Trust are preparing to introduce their first factory outlet centers.More

Jo-Ann Stores reports record 4th-quarter earnings
The Plain Dealer
Fabrics and crafts retailer Jo-Ann Stores Inc. reported record fourth-quarter profits up 8.9 percent to $40.4 million for the last three months of fiscal 2011. The company said it also expects to open 55 to 60 stores and remodel another 60 stores in fiscal 2012.More

Golden Gate Capital agrees to sell J. Jill majority stake
to Arcapita Bank

Golden Gate Capital Corp., a private equity firm, agreed to sell a majority stake in the J. Jill clothing business to Arcapita Bank BSC less than two years after buying the company. Golden Gate, based in San Francisco, will remain a minority shareholder in the company, according to a statement today. Terms of the deal weren't disclosed. J. Jill President and Chief Executive Officer Paula Bennett will continue to lead the Quincy, Mass.-based retailer.More

Office Depot named Energy Star Leader
South Florida Business Journal
Office Depot said it has joined the U.S. Environmental Protection Agency's list of Energy Star Leaders for reducing its buildings' energy consumption by 27.5 percent. Office Depot said it is the first non-supermarket general retailer to be recognized for realizing a greater than 20 percent reduction.More