PRSM Weekly
May 27, 2011

Kohl's Department Stores achieves net zero emissions goal
SustainableBusiness.com News
Kohl's Department Stores achieved its 2010 goal of net zero greenhouse gas emissions, according to the company's first annual Sustainability Report. Energy management and green power purchases allowed Kohl's to reach the goal, which was announced in December 2009. Kohl's ranks first in retail and second overall on the US EPA's quarterly rankings of top green power purchasers with more than 1.4 billion kWh purchased in wind, solar, biomass and small hydro - enough to account for 100 percent of Kohl's purchased electricity use.More

Lead and Learn at PRSM LIVE Events coming up next month
PRSM
Proactive risk evaluation and business continuity is the topic for the PRSM LIVE Events taking place June 21 in Cincinnati, Wednesday, June 22 in New York and Thursday, June 23 in San Francisco. Open to all PRSM members. Only during this exciting, local event will you learn how to re-evaluate your business practices while connecting with local, like-minded industry professionals.More

Gas and food eat most of the gain in April consumer spending
The Associated Press via USA Today
Consumers spent more in April, but much of the increase was eaten up by higher food and energy prices. After discounting for the jump in prices, spending barely budged and after-tax incomes were flat for a second straight month. Consumer spending rose 0.4 percent, reflecting a surge in the category that covers food and gasoline, areas which showed big price gains last month, the Commerce Department reported Friday. Excluding price changes, spending rose a much smaller 0.1 percent.More

Upcoming PRSM sustainability webinar — What Green Instruments Do Others Play?
PRSM
Join us on Tuesday, May 31 at 2 p.m. - 3 p.m. (Central Time).
The retail world has gone green — and it shows! In this idea-generating panel discussion, retail members will share the eco-friendly, sustainable changes, programs and processes they've implemented, including how they did it, how it applies to different standards, certifications and benchmarks and how you can best protect the planet. If you're ready to do your part, learn from those who've done theirs. More

Home Depot, Walmart pledge $1 million to Joplin relief efforts
St. Louis Post-Dispatch
Both Wal-mart and The Home Depot have each pledged $1 million to help with the relief efforts in Joplin, Mo., in the wake of the devastating tornado. The big box retailers had stores that were leveled in the monsterous storm. And both stores also had fatalities inside them. More

US retailers poised for expansion
PR Newswire
Backed by an improving economy, a recent surge in jobs and ten consecutive months of rising retail sales, a broad range of retailers are poised to fill up empty retail spaces over the next 12 to 18 months, according to Colliers International. Continuing the momentum from the International Council of Shopping Centers annual convention in Las Vegas, retailers are actively discussing new store openings—including construction of new stores in select markets. In particular, luxury retail, restaurants and value and discount retailers—including discount apparel and dollar stores—are the sectors most likely to expand. More

Nordstrom looking at Canada for department store expansion
Dow Jones via NASDAQ
Nordstrom Inc. is looking at expanding into Canada as a way of extending its luxury department stores beyond the U.S. The retailer is scouting a number of sites, feeling demand should be significant enough to make the endeavor successful. More

Big Lots snaps up Liquidation World
The Globe and Mail
Big Lots will pay about $1.8-million in cash for the Liquidation World stock, obtaining the chain's 92 stores in the process. It will also make good on the company's debts and "normaliz(e) the working capital needs" of Liquidation World — two tasks that it estimates will bring its total investment to $36-million.More

Forever 21 embraces stores that seem to go on forever
Los Angeles Times
The cheap-chic retailer is aggressively super-sizing its stores as other chains shift to smaller locations. Retail experts aren't sure whether bigger is better, but Forever 21 says the larger stores are attracting new customers.More

Back in Growth Mode, Disney Store To Add 40 Sites
The Wall Street Journal
Deveral retailers on the expansion track are making hay at the International Council of Shopping Centers' annual retail-leasing convention in Las Vegas. Walt Disney Co.'s Disney Store, in particular, unveiled plans to open 40 new stores globally this year, up from its projection earlier this year of 25.More

Charming Shoppes said to be exploring sale of Fashion Bug
clothing chain

Bloomberg
Charming Shoppes Inc., the operator of the plus-size Lane Bryant chain, is exploring a sale of its Fashion Bug stores, according to a person with knowledge of the matter. Moelis & Co. is advising the retailer on a possible deal, said the person, who declined to be named because the process isn’t public. A sale of the unit may be a few weeks away, the person said. Fashion Bug, aimed at women aged 30 to 50, makes up about a third of the chain’s more than $2 billion in sales. More

Simon Property to develop outlet center in Canada
The Associated Press via Bloomberg Businessweek
Simon Property Group Inc. said that it will open an outlet shopping center in Ontario. It will be the first of the shopping mall owner's line of Premium Outlets-brand shopping centers in Canada.More

DSW completes merger with Retail Ventures
Retailing Today
DSW Inc. and its largest shareholder, Retail Ventures have completed their previously-announced merger. On Feb. 8, DSW and Retail Ventures, Inc. announced the two companies had signed a definitive merger agreement providing for RVI to become a wholly-owned subsidiary of DSW in an exchange of shares at an exchange ratio of 0.435 DSW shares per RVI share. More