PRSM Weekly
Apr. 17, 2015

7 retailers recognized with Energy Star Awards
Green Retail Decisions
Seven retailers among 128 organizations being honored by the U.S. Environmental Protection Agency and the U.S. Department of Energy with 2015 Energy Star Partner of the Year awards for their commitment to saving energy and protecting the environment.More

Predicting equipment failures through facility maintenance
Facility Executive
Facility managers are charged with keeping equipment running efficiently. In many cases, however, they are assigned this responsibility without the proper tools necessary to fulfill it. To ensure the efficiency of equipment, facility managers need information, more than anything else. Beyond the reputed crystal ball, such information is the only way to predict and prevent equipment failures.More

Retail sales rebound, post largest gain in a year
U.S. retail sales rose in March for the first time since late last year as consumers bought automobiles and other goods, bolstering views that a sharp slowdown in economic growth in the first quarter was temporary. The Commerce Department said retail sales increased 0.9 percent. That was the largest gain since March last year and snapped three straight months of declines that had been blamed on harsh winter weather. More

What exactly is a lifestyle center? And is it just a dressed-up shopping mall?
Located in the heart of Silicon Valley, San Jose, California's Santana Row covers 42 acres. Its dense, high-end retailing, residences, restaurants and offices create a city-within-a-city. The architecture — with urban row houses finished with earth tones and pastel stucco — overtly evokes Old Europe, and developers brought in antique metalwork, pottery and stone fountains to further instill a sense of history. More

Party City IPO values US retailer at nearly $2 billion
Party City Holdco Inc's initial public offering has been priced at $17 per share, an underwriter said, valuing the largest U.S. party goods retailer at about $1.97 billion. The company's IPO will raise about $372 million at that price, the high end of an expected range of $15-$17 per share. More

DSW Designer Shoe Warehouse reveals 6 new Canadian locations
Retail Insider
Popular value-priced American footwear retailer DSW Designer Shoe Warehouse has revealed six new locations, all scheduled to open in the fall. After they open, DSW will operate 12 Canadian stores, well on its way to a goal of roughly 40 to 50 Canadian locations. The six new stores will measure between 20,000 and 22,000 square feet and will be located in Alberta, British Columbia, New Brunswick, and Ontario. More

Dick's CEO outlines omnichannel vision
Retailing Today
Dick's Sporting Goods plans to spend $850 million over the next three years to add as many as 150 stores while growing total sales to as much as $9 billion with e-commerce contributing more than $1 billion. The national largest sporting goods retailer outlined an ambitious omnichannel strategy to drive continued growth through 2017 during an investor conference it held on April 14. More

Nike just got a great sign it will dominate in the future
Business Insider
Nike is dominating teen retail, and that's great news for its future. The brand was the top preferred clothing retailer among teens surveyed by research firm Piper Jaffray, beating out Forever 21, Victoria's Secret, Ralph Lauren, Urban Outfitters, and Hollister. More

How cloud enables and supports the lean warehouse
Manufacturing Business Technology
For many manufacturers and distributors, a seamless supply chain of highly efficient and tightly integrated business processes sharing a single unified source of accurate real-time data seems an unachievable goal. That's not surprising since such organizations are struggling to gain control over their entire supply chain using a mix of disparate systems that fail to fully mesh with one another creating silos of outdated and unreliable information. More

What if companies and their buildings actually enhanced ecosystems?
What if building codes actually required new projects to enhance a certain number of ecosystem services — such as sequestering carbon, building topsoil, enhancing pollination, increasing biodiversity or purifying water and air? These were the big questions biologist and biomimicry expert Janine Benyus posed during her keynote presentation at the recent International Living Future Institute's 2015 unConference in Seattle. More

Inland buys stake in Massachusetts mall for $96.8 million
SNL Financial
Inland Real Estate Income Trust Inc. said in a Form 8-K filed April 13 that it purchased all of the membership interests in IREIT Shrewsbury White City LLC for about $96.8 million in a cash deal completed April 8, plus closing charges.More

Revamping training to keep pace with facilities
Institutional and commercial facilities are in a constant state of flux. They expand, age, and take in all kinds of additional technology, people and activities. In response, maintenance and engineering managers need to roll with the changes. No situation is more challenging for managers than ensuring their staffs — who generally come from diverse backgrounds and bring an array of skills and experiences — have the needed resources to handle the changes in their facilities. More

Inside the sweet spots of luxury retail
Douglas Elliman Real Estate Retail Group Chair Faith Hope Consolo discusses the impact of dollar strength on high-end fashion. She speaks on "In The Loop."More

How retailers can win by making things easier
Retail Customer Experience
The world is becoming more complicated. And technology is to blame. We're more connected now — in 2013, 22 percent of us had smartphones, and that figure continues to grow. More than 1.7 billion people are on social networks, and within three years it will be 2.55 billion. That's a heck of a lot of tweets, snapchats and Facebook updates. By 2020 more than 50 million devices will be connected to the Internet of Things. All of which results in a huge amounts of data. And that's what makes things complex — because we're struggling to keep up with information overload.More

Plan to redesign, rebrand Philadelphia's Center City Gallery Shopping Mall moving along
A plan is coming together to revive the Market East District in Philadelphia, after decades of indecision and failed proposals to breath new life into the Gallery shopping mall, which has its fair share of detractors. Built in 1977, the fortress-like Gallery is set to undergo a two-year, top-to-bottom, $325-million redesign that makes it more accessible along that three block stretch of the Market East corridor:More

Will tax season be a boon or bust for retailers?
As of April 9, 13 weeks into the 2015 tax-filing season, an estimated 77.2 million refunds were issued, totaling $217.4 billion and averaging $2,815 each, reported the research arm of the multinational Fung Group, led by Deborah Weinswig, executive director and head of global retail and technology.More

Uniqlo fast tracks American expansion
Retail Business Review
Japanese fast fashion retailer Uniqlo is marching fast on its expansion track in the US with announcement of new store openings in the East and West Coasts and in the Central Region. As part of the brand's East and West Coast expansion, its first store will come up in the DC Metro area at Tyson's Corner Center where it will occupy approximately 10,000 feet of space.More