PRSM Weekly
July 2, 2010

Downbeat economic data dents retail stocks
MarketWatch via The Wall Street Journal
Retail stocks reversed an earlier gain and turned lower after disappointing pending home sales and manufacturing reports, coupled with unexpected increase in jobless claims, raised more worries about the pace of the economic recovery. A survey of purchasing managers at companies across the nation from the Institute for Supply Management showed the expansion in the U.S. manufacturing sector moderated in June after three months of very rapid growth. The ISM index fell to 56.2 percent in June, the lowest since December, from 59.7 percent in May.More

Call for Best Practices Papers: PRSM invites you to share your Best Practice
PRSM
PRSM is launching an exciting new project and we want you involved. PRSM Association's Best Practices Program answers a current need of the membership to acquire and share information about the industry's business practices which are being used by retailers and vendors concerning facilities maintenance and management.More

JCPenney and ALDO USA Inc. team up to bring shop-within-a-shop footwear and accessories concept to 600 JCPenney stores and jcp.com
Business Wire via MarketWatch
J. C. Penney Company, Inc. and ALDO USA, Inc. announced plans for JCPenney to become The ALDO Group's exclusive department store retailer in the United States for its Call It Spring brand. The ALDO Group, a leading international retailer with operations in more than 1,500 stores in over 50 countries, is world-renowned for its reputation in creating fashionable footwear and accessories.More

Starbucks recycling cups at Chicago, Seattle stores
Environmental Leader
Starbucks announced it will begin recycling coffee cups from its Chicago locations, according to a report in the Seattle Times. Beginning in the fall, it will send used cups from its Chicago stores to Green Bay, Wis., where a Georgia Pacific paper mill will turn them into Starbucks napkins. The company has also been required to begin recycling or composting coffee cups at its 90 Seattle locations in order to comply with a city-wide ordinance mandating restaurants to recycle and compost.More

American Eagle announces 77kids locations
Pittsburgh Business Times
American Eagle Outfitters announced locations for the 77kids clothing stores it plans to open in July. The 77kids line, aimed at children ages 2 to 10, was launched in 2008 as an online-only brand by teen clothing retailer American Eagle, based on Pittsburgh's South Side.More

Convenience stores go after fast-food diners
Reuters
U.S. convenience stores like 7-Eleven are challenging fast-food restaurants with expanded food and drink offerings, foodservice consulting firm Technomic said. "Convenience stores are investing in prepared foods, which is putting increased competitive pressure on quick-service restaurant chains," Technomic executive vice president Darren Tristano said. The move helped U.S. convenience store sales grow 1.5 percent in 2009 to about $10.4 billion, excluding inflation, Technomic said.More

Supervalu adds solar power to three Albertsons stores
Retailing Today
Supervalu announced that it has installed rooftop solar power systems at three Albertsons grocery stores in Carlsbad, Oceanside and Alpine, California. The Solar installations were constructed by channel partner REC Solar. SunEdison financed the solar power plants and will monitor and maintain the systems that will produce more than 12 million kilowatt hours (kWh) of energy over the next 20 years. More

Billabong to buy West 49, expand Canadian presence
Reuters
Australian clothing retailer Billabong International Ltd said it would acquire Canadian peer West 49 in a C$83.2 million all-cash deal. The acquisition of West 49, one of Billabong's retail partners in Canada, will allow the Australian company to increase the availability of its brands in the action sports market in North America.More

Bed Bath optimistic about the long term
The Bergen Record
Bed Bath and Beyond Inc. executives, speaking at the retailer's annual meeting, said they are optimistic about the long-term prospects for the company, despite some near-term challenges. The Union-based company said it sees potential for another 400 Bed Bath stores in the U.S. and Canada. It plans to open 30 Bed Bath stores this year, along with 10 Christmas Tree Shops, and 20 Buy Buy Baby stores.More

Reinventing malls, one entertainment attraction at a time
The Kansas City Star
Shopping centers — struggling to get sales back on track after the recession — are no longer relying just on stores to drive traffic. More and more, malls in the Kansas City, Kan., area and elsewhere are turning to "retail-tainments" — bowling alleys, ice skating rinks, outdoor concert series, doll beauty salons, aquariums, giant Lego playgrounds and model train displays — to entice customers to come back, to come more often and to stay longer. More