PRSM Weekly
Oct. 5, 2012

Target, Starbucks and Costco are among America's 25 Most Inspiring Companies
Forbes
Here are America's 25 most inspiring companies, based on a recent survey by Performance Inspired, Inc., an Atlanta-based consulting and training firm that helps organizations elevate performance through the science of inspiration.More

Retailers say sales slowed in September
The New York Times
Retail sales growth slowed in September among 19 major American retailers, dragged down by a big decline in prescription sales at Walgreens drugstores. Sales at stores open at least a year crept up 0.8 percent from September 2011, according to the 19 retailers tracked by Thomson Reuters. However, excluding Walgreens and Rite Aid, the other drugstore chain that reports monthly sales, same-store sales rose 3.6 percent, which was in line with analysts’ expectations.More

Kohl's, Staples, Whole Foods win EPA Awards
Green Retail Decision
The first-ever Sustained Excellence in Green Power award was given to Kohl's Department Stores, Staples, Whole Foods Market and Intel Corp. Coca Cola Refreshments and Mom's Organic Market also received awards in the categories of On-Site Generation and Green Power Purchasing.More

Retail landlords: Malls doing well despite online sales
The Wall Street Journal
In spite of the rapid rise in online sales that have hurt a number of national retailers, the biggest shopping-mall companies are doing quite well, thank you. That was the counterintuitive message delivered by several chief executives of leading retail property owners at International Strategy & Investment's real estate conference. ISI, an investment research firm, held its annual conference at the St. Regis Hotel in Manhattan, N.Y. The CEOs argued that, despite challenges facing individual retailers, many real estate investment trusts that own retail property are posting occupancy of 90 percent or more and annual gains in lease rates.More

How Pier 1 wins with ARTS-based standards
National Retail Federation
The only story greater than a company's success during tough economic times is the steps they take to revamp their presence in the industry. In the story of Pier 1, the home and furniture retailer’s e-commerce presence needed a makeover. The solution, SVP and CIO Andrew Laudato said, started with ARTS. More

Collaboration nation: Upscale designers + retailers = shopping frenzy
The Vancouver Sun
In 2004, Karl Lagerfeld launched a collection of clothing with H&M — and so began an era of collaborations, designer name-lending, and diffusion lines. Sure, Lagerfeld later told a German magazine he would never work with H&M again, saying he was embarrassed by how insufficient quantities of his collection were produced and, more inflammatory, offended by the fact that the clothing was produced in larger sizes than he had envisaged ("What I designed was fashion for slender and slim people," he said). But the trend caught on, and, eight years later, not a season passes without a new collaboration. Here are some we noted for this season. More

More, more, more at Family Dollar
Retailing Today
Family Dollar said it would open 500 new stores next year following the release of record sales and profits. Sales for the company's fourth quarter ended Aug. 25, increased 10.8 percent to $2.36 billion and same store sales increased 5.4 percent. More

Best Buy founder presses on with buyout plan
Reuters
Best Buy Co Inc. founder Richard Schulze and at least four private equity firms have started examining the books of the world's largest consumer electronics chain, in early steps toward what could become a potential $11 billion buyout, according to people familiar with the matter. Shares of Best Buy jumped 3.4 percent to $17.55 in premarket trading. More

Supervalu receives national awards for sustainability achievements
Green Retail Decision
Supervalu has received multiple national honors for sustainability efforts including two from the Environmental Protection Agency and is featured in the Carbon Disclosure Project's (2012 "Carbon Disclosure Leadership Index." The Carbon Disclosure Project honors companies for both environmental performance as well as transparency in this area. Supervalu received the highest score among national grocery retailers in this report. The retailer also received two honors as part of the EPA's 2012 GreenChill Environmental Achievement Awards.More

Gap, Bed Bath, other merchants join mobile wallet service
Reuters
Retailers including Gap Inc. and Bed Bath & Beyond Inc. have joined a mobile payments network that intends to battle similar services from Google Inc. and other companies. The Merchant Customer Exchange, a confederation of Target Corp. and Japan's 7-Eleven Inc since announcing plans in August.More

Season retailers can be holiday gift to landlords
The Kansas City Star
'Tis the season — but which one? Seasonal stores are now selling everything from Batman costumes to Santa Claus candy dishes. The stores are merging the seasons, figuring if they get a big jump on the season — any season — they will get a bigger percentage of that holiday's sales. But that's not all.More

CEO says J.C. Penney will be able to win back customers
The Wall Street Journal
J.C. Penney Co. Chief Executive Ron Johnson believes the retailer will not only get back customers it has lost but add new ones as its vision to be a revolutionary retailer jells. "Market share will come broadly as people shop" and Penney will get a disproportionate share as "America's favorite store," Johnson said. More

Confident consumer: Apps aid shopping
USA Today
Even the most low-tech shopper would have to be impressed with some of the utility packed into shopping apps these days. Eyeona, for example, not only saves your receipts, it tracks prices after your purchase to see if there are price drops. You can also create a list of products you might like to buy so you can be notified if the price goes down. Dan Butler, vice president of retail operations at the National Retail Federation, says most retailers will refund the difference between the price paid and a sale price for a week to 10 days after the purchase but warns, "Not for the remaining life of the product."More

J.Crew Canada: Retailer opens location at Toronto's Eaton Centre
The Huffington Post Canada
Fashionable fellas living in Ontario, it's your lucky day: J.Crew's menswear collection has finally arrived in Toronto. The line comes to the city courtesy of a massive new store at Toronto's Eaton Centre. Don't worry ladies, you haven't been left out of the sartorially smart action: the massive space — occupying some 8,972 square feet — will also house J.Crew's womenswear line, a handbag and shoe salon and a designated space for personal shopping and styling. More

Vestar and UBS buy California's Riverside Plaza in $84.8 million
Retail Traffic
A joint venture of Vestar and UBS Global Asset Management acquired Riverside Plaza, a 475,211-square-foot retail center in Riverside, Calif., from Westminster Funds for $84.84 million in an all-cash transaction. The property is currently 92 percent leased. More

Foot Locker taps LightHaus for customer traffic, sales conversation insight
Apparel Magazine
Aiming to gain better insights into business operations, Foot Locker, Inc. has deployed the LightHaus Visual Customer Intelligence solution to measure customer traffic and sales conversion rates at all of its Champs Sports stores in the U.S. and Canada, as well as its Foot Locker Canada stores. Recognizing the benefits of deploying Visual Customer Intelligence solutions throughout the chain, Foot Locker is adopting LightHaus VCI in stores in U.S., Canada, Europe and Australia. More

Uniqlo to open first West Coast flagship in San Francisco
Retailing Today
Fast Retailing will open its first West Coast Uniqlo flagship store in the Union Square neighborhood of San Francisco. The 29,000 sq. ft., three-story store will feature high-beamed ceilings, a large basement to roof skylight, an LED-illuminated rainbow staircase and 77 LCD screens lining the perimeter of the store on seven large monitor walls featuring a rotational mix of marketing campaigns and product promotions. In addition the store will feature the company's first "Magic Mirror" technology enabling customers to virtually try on clothes. More

Target won't kill Canadian retail. It will save it
Canadian Business
We're almost there: just six months to go before Target opens its first batch of Canadian stores. Excited? A lot of shoppers sure are. After years of schlepping to Buffalo, Detroit and Seattle to experience that irresistible combination of trendy styles and rock-bottom prices, Target disciples will finally be able to stock up on cheap Jason Wu and Isaac Mizrahi fashions without leaving home. More