PRSM Weekly
July 29, 2011

PRSM wraps up a successful Canandian conference
PRSM
The Professional Retail Store Maintenance Association Canadian Conference concluded in Mississauga, Canada with excellent reviews. This event brought Canadian retailers and vendors together to discuss "Creating the Future while Managing The Present."More

Cool roofs and solar panels — a natural marriage of sustainable technologies
Green Building Pro
Why not combine the energy-saving logic behind cool roofs with the energy producing value of a rooftop solar system? One company reports that the output of its solar power system when combined with a cool roof increases 20 percent due to the improved collection of reflected and diffuse light.More

Simon Property raises forecast as funds from operation gains 20 percent on higher mall occupancies
Bloomberg
Simon Property Group Inc., the largest U.S. shopping-mall owner, raised its forecast for funds from operations after second-quarter results beat analyst estimates on higher rents and occupancies. The company is among regional mall landlords increasing rents as their tenants' sales rise.More

Good day sunshine
Stores
IKEA, a global player with more than 300 stores in 38 countries, takes sustainability seriously. IKEA announced plans for a nine-turbine wind farm in Dalarna County, Sweden, that, when completed, will bring IKEA closer to its goal of 100 percent renewable energy powering, heating and cooling its facilities in that country. At full capacity, the wind farm is expected to generate enough electricity to power the equivalent of 17 IKEA stores.More

Retail landlords scramble to fill holes left by Borders
CoStar Group
The larger publicly traded retail landlords are generally bullish on their prospects for refilling stores that will go dark as a result of the Borders Group Inc. bankruptcy liquidation. However, the closing of an additional 396 Borders stores, the second major retail chain bankruptcy of 2011 following Blockbuster — will leave a gaping hole in many centers, along with an additional 7 million square feet of vacant retail space across the country.More

Energy efficiency improvements make good sense for Good Health
Post Independent
Good Health Downtown Market and Deli in Glenwood Springs, Colo., was using 38 percent more energy than the national average for use in a similar building. The business had an annual electricity bill of more than $13,600. Market owner Steve Swanson and his staff were throwing away more than $200 in ruined produce each month because the food was either freezing or staying too warm while stored in a hodgepodge of old coolers with faulty doors.More

Retail sales fall at fastest pace for a year
The Guardian
Retailers were hit by a bigger-than-expected drop in sales, according to a CBI survey of high street spending that is likely to spark further calls for ministers to reverse tough economic policies. Retail sales fell at their fastest pace for a year in July and stores expect a further deterioration as hard-hit consumers clamp down on spending.More

For retailers, back-to-school shopping is becoming Christmas in July
The Baltimore Sun via Montreal Gazette
To give customers every opportunity to get out their wallets, particularly in this frail economy, stores have been inching the start of back-to-school season deeper and deeper into traditional summer. This year, it practically tripped over the heels of Independence Day.More

New York loses 6,600 retail jobs
The Business Review
New York has lost 6,600 retail jobs in the past five years, which actually is one of the better records in America. A study released ranks New York 23rd among the 50 states in terms of retail growth. More