PRSM Weekly
Dec. 10, 2010

Opportunity comes calling: The retail outlook for 2011
STORES magazine
Knock Knock! Who's there? Opportunity. You can't fool me — everyone knows opportunity only knocks once. The joke may be corny, but it nevertheless rings true. Opportunities to engage shoppers in your stores, to gain greater insight into what makes them tick and to connect with them in a way that inches ever-closer to true one-to-one marketing beckon retailers in 2011. The question is whether executives will be open to recreating in-store experiences that have the potential to differentiate. Are they ready to re-engineer their brands and make tech investments in analytics and mobile that can ultimately move them closer to the consumer? Or, seemingly overwhelmed already, will they simply choose not to answer the door at all?More

PRSM News: Call for nominations: 2011 Awards Program
Professional Retail Store Maintenance Association
The Professional Retail Store Maintenance Association (PRSM) Awards Committee announces that individuals are being sought for the 2011 PRSM Association Retailer of the Year and Vendor of the Year Awards. Nominations are also being sought for the "Lawrence W. Whelan Lifetime Achievement Award". The committee encourages PRSM members to recognize colleagues for excellent performance in their workplace as retail facility maintenance professionals.More

Home Depot raises 2010 outlook, predicts growth for 2011
Daily Finance
Home Depot raised its 2010 outlook, and expects both sales and profits to rise next year, when it plans to open 10 new stores, the company said. The nation's biggest home improvement retailer expects sales to rise approximately 2.3 percent to $67.72 billion for the current year, up from a previously projected 2.2 percent gain, and slightly better than analysts' estimates. The company also foresees earnings per share from continuing operations increasing by approximately 27 percent to $1.97 for the year, up from its earlier estimate of $1.94 a share, which is what analysts expect.More

Attention Retailers: PRSM2011! conference rate of $179 ends soon
Professional Retail Store Maintenance Association
PRSM2011! is an instrumental piece to incorporate into your professional growth. PRSM2010!, held April3-5 in Nashville, Tenn., is the largest Retail Facility Management Conference & Exhibition that offers a robust educational program, diverse facility maintenance service providers and excellent networking opportunities. Please register by Dec. 31, 2010 to get this discounted rate!
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Wal-Mart, Homeland Security's unusual ally in war against terror
International Business Times
The Department of Homeland Security (DHS) has enlisted retailing giant Wal-Mart to join forces for the "safety and security" of the nation campaign. According to DHS Secretary Janet Napolitano, the discount retailer is joining hands with DHS to promote its "If You See Something, Say Something" campaign which was started to make U.S. citizens play a vital role in homeland security by encouraging them to be vigilant.More

Supervalu to sell Total Logistic
The Associated Press via Bloomberg
Supervalu Inc. said that it is selling its subsidiary Total Logistic Control to Ryder Integrated Logistics. Grocery store operator Supervalu said it is a stock purchase agreement and the deal is expected to close Dec. 31, pending on regulatory approvals and other conditions. Further financial details were not disclosed.More

Burberry jumps to new high on bid speculation
Reuters
Shares in Burberry surged as much as 6.5 percent to a new high, with traders citing talk of bid interest for the luxury goods group. Traders in London and Frankfurt said there was talk the 154 year-old maker of raincoats and handbags was subject of a bid at 1,500 pence per share. They gave no further details.More

Lord & Taylor plans new store in Yonkers
Crain's New York Business
For the first time in a decade, Lord & Taylor will open a full-priced store. The 48-unit chain announced that it has signed on for an 80,000-square-foot, bi-level store in Yonkers, N.Y. The new site, set to open in 2012, will be part of the Ridge Hill outdoor shopping center currently under construction by Forest City Enterprises.More

Costco profit helped by sales, fees
Reuters
Costco Wholesale Corp posted better-than-expected quarterly profit, helped by strong sales and increased fee revenue as consumers sought out its bulk offerings of food and other items. Gross margins rose to 10.98 percent from 10.88 percent, though the improvement was less than some analysts expected due to strong sales of lower-margin gasoline.More

Fresh & Easy to install solar systems at 9 stores
Retailing Today
Fresh & Easy Neighborhood Market announced a partnership with REC Solar, a leading solar electric system provider in the United States, to install roof-mounted solar systems on nine stores located throughout Arizona. The systems will generate more than 410 kW of solar energy. In total, the systems will produce an estimated 620,000 kilowatt-hours (kWh) annually. More

Merger of bookstore giants is pushed
The Wall Street Journal
A major shareholder of Borders Group Inc. proposed that the bookseller acquire much bigger rival Barnes & Noble Inc., in a gamble to unite the two giant but struggling retailers at a time of major tumult in the book industry. The threats posed to the big store chains were underscored, when Google Inc. unveiled its new online bookstore, a retailing venture that adds a major player to a crowd of digital sellers that includes Amazon.com Inc. and Apple Inc.More