Can Retailers Get Consumers into the Christmas
Spirit?
from Time
The jack-o-lanterns are still
on the stoop, but already we're seeing prices for holiday ornaments slashed in
half at J.C. Penney and pricey toys at Wal-Mart marked down to $10 a pop. Home
Depot skipped Halloween altogether, piling up Christmas trees by early October.
Retailers always engage in some Christmas calculus to get you to loosen your
wallet during the holiday season, but this year it feels a little more
desperate. More
Retailers Count on Web Appeal for Holiday Shopping
from USA Today
The Gap company's stores
have hardly been the hottest spots at the mall in recent months — or even years.
In a market where most retailers are posting single-digit monthly losses, its
brands — Gap, Old Navy and Banana Republic — had a combined double-digit drop in
September, and Old Navy's sales that month were down a startlingly bad 24
percent. More
FAO
Schwarz Enlists in Demand Response Program
from Greener Buildings
Toy store icon
FAO Schwarz has signed up for Energy Curtailment Specialists Inc.'s PowerPay!
New York incentive program by agreeing to ease up on its draw from the grid
during times of peak power need. FAO Schwarz's plan includes shutting down
lighting and some computers in offices and other areas that do not involve the
sales floor, according to the store and ECS. More
Stocks Pounded as Economy Flashes More Warning
Signals
from USA Today
A cocktail of bitter
economic news from overseas, Silicon Valley, the malls and the labor front
soured investors on stocks Thursday and led to the second consecutive day of
selling. More
Target Punching Up ‘Pay Less’ Message to Outdo
Wal-Mart
from Minneapolis / St. Paul Business
Journal
Expect to see more of less at Target Corp. The
Minneapolis-based retail giant has started a marketing campaign that will be
dominant for the rest of this year and in 2009. The campaign emphasizes the
second half of its well-known tag line, "Expect More. Pay Less." More
How Energy Efficient Can Back Up Power Be?
from Today’s Facility Manager
As part
of its work, the California Energy Commission operates a Research Development
and Demonstration (RD&D) Division, which oversees the Public Interest Energy
Research (PIER) Program. The PIER program focuses on a number of energy areas,
including Building Efficiency. This research aims to decrease building energy
use by developing or improving energy-efficient technologies, strategies, tools,
and building performance evaluation methods. More
Spartan Stores to Buy 17 Retail Grocery Stores
from Reuters
Grocery chain Spartan
Stores Inc. said it agreed to acquire 17 retail grocery stores, including 15
pharmacies, from privately held VG's Food Center Inc and VG's Pharmacy Inc. to
expand its retail presence in key Michigan markets. Grand Rapids, Michigan-based
Spartan, which owns and operates 84 retail supermarkets including Family Fare
Supermarkets, D&W Fresh Markets, and Felpausch Food Centers, did not
disclose the terms of the deal. More
Going 'Green' May Mean Fewer Colds This Season
from The Wall Street Journal
One errant
cough or unexpected sneeze and the workplace becomes a veritable breeding ground
of illness and resulting absenteeism. As the flu season approaches, HR managers
prepare to deal with the headache of decreasing productivity. The World Health
Organization estimates that the cost of influenza to the U.S. economy in terms
of health care costs and lost productivity can range from $71 billion to $167
billion a year. More
Gift Cards Still No. 1 Present for the Holidays
from The Arizona Republic
Gift cards
promise to be the most popular holiday gift for the fifth year in a row. But
this year, think cards for gas or Goodwill, not for $200 steak and lobster
dinners. Last year, half of Americans made gift cards their No. 1 holiday
purchase. The total spent on cards was $26.2 billion, with an average of $40
spent per card, according to the National Retail Federation. More
Circuit City to Close 155 Stores, Lay Off
Thousands
from Information Week
Struggling
electronics retailer Circuit City said this week that it plans to close 155
domestic retail outlets and lay off 17 percent of staff as it seeks to shore up
liquidity in the face of a lagging consumer economy. "Due in part to its
deteriorating liquidity position and the continued weak macroeconomic
environment, the company has decided to take certain restructuring actions
immediately," Circuit City said in a statement. More
Costco Adds Custom Media to In-Store TV Mix
from Progressive Grocer
Costco
Wholesale Corp. yesterday said it plans to add custom marketing programming to
its existing in-store media network solution, which currently consists of an
end-to-end retail media solution that includes custom HDTV programming,
advertising sales, network operations, media management, and scheduling. The new
agreement extends this relationship into 2010. More