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Snowstorm heaps more economic misery on stores
The Washington Post    Share   Share on FacebookTwitterShare on LinkedinE-mail article
In the long run, the record snowfall that has assailed the Washington region will go down as a mere blip in an economic landscape dominated by the recession, the experts say. But that is cold comfort to many local businesses forced to shut down and dig out over the weekend just as they hoped to turn the corner toward recovery. More

Family Dollar sees private label opportunity
Supermarket News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Family Dollar Stores is looking to increase its private-label penetration, particularly around food and other consumables, officials said during an investor presentation. Kenneth Smith, Family Dollar's chief financial officer, said the company sees an opportunity to increase consumable private-label sales from current levels of 10 percent of sales to 15 percent to 20 percent. Storewide, Smith said Family Dollar plans to increase private brand penetration from its current 19 percent level to 25 percent penetration. More

Wal-Mart Canada adding energy efficient DC, Solar, Wind
Environmental Leader    Share    Share on FacebookTwitterShare on LinkedinE-mail article
In a flurry of announcements, Wal-Mart Canada plans to build an energy efficient distribution center, as well as add wind and solar to its operations. In a bid to share sustainability best practices, the retailer also has launched a Web site,, which includes case studies of sustainability practices at firms such as Heinz, PepsiCo, HP, Home Depot, Canon and others. More

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    Store closings could keep piling up throughout first half of 2010
    Retail Traffic Magazine    Share    Share on FacebookTwitterShare on LinkedinE-mail article
    So far the pace of announced closings has been noticeably slower than in 2009, when a glut of retailers announced mass closures, bankruptcies or liquidations soon after the holiday shopping season concluded. By this time last year, seven major retailers had filed for bankruptcy and about a dozen others announced mass closings. That's not how things have played out so far this year. More

    Visa to expand 'No Signature Required' program
    Convenience Store News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
    Visa Inc. said it plans to offer its No Signature Required program to the majority of merchant categories in the United States beginning July 2010. Under the new expanded program, retailers can accept U.S.-issued Visa cards for domestic transactions totaling $25 or less without requiring a cardholder signature. More

    Big chains discover small is really big
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    Small is beautiful. At least, many large retailers think it could be. For years, Trader Joe's has reaped in big profits from small, 10,000 square foot stores selling branded products at good prices. More

    Staples announces inaugural Global EcoEasy Challenge
    Business Wire via Market Watch    Share    Share on FacebookTwitterShare on LinkedinE-mail article
    Staples, Inc., the world's largest office products company, announced the first Staples Global EcoEasy Challenge, a competition among leading technology educational institutions around the world to create an innovative environmentally-preferable office product. In conjunction with Rochester Institute of Technology's Golisano Institute for Sustainability, Staples created the global competition to task the world's leading engineering students with developing concepts for an environmentally preferable business or home-office product. More

    What will drive retail stocks higher?
    CNBC    Share    Share on FacebookTwitterShare on LinkedinE-mail article
    Although many retailers turned in rosy same-store sales for January, the stocks are showing it is far too soon to declare the worst over for the retail sector. Like the broader market, retail stocks are trading lower, with few exceptions. What gives? Brian Sozzi, a retail analyst for Wall Street Strategies, says investors are realizing that the continued cost-cutting by retailers is not going to pack the same punch as last year. More

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    The PRSM Weekly now available as an iPhone app
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    PRSM understands the need to deliver timely, relevant industry news to its members. In partnering with MultiBriefs to create the PRSM Weekly, the association committed itself to delivering this news to members and other retail facilities maintenance professionals. That partnership has now expanded to provide another convenient avenue to receive this information. The PRSM Weekly is now part of the new MultiBriefs app, now available for the Apple iPhone and iPod Touch in the App Store.

    Simply search "MultiBriefs" in the App Store and download the app free of charge. Once the MultiBriefs application is downloaded, you can add the PRSM feed from the "Specialized and Industries" section. News is streamed into your iPhone or iPod Touch each week. And just like the e-mail news brief you've become accustomed to, you may share articles with your colleagues via e-mail, Twitter, Facebook and LinkedIn. You can even bookmark certain articles as favorites to revisit at a later date. As always, feedback is appreciated and is important to the success of the app. Feel free to rate the application in the App Store.

    Looking for sales gold
    CNBC    Share    Share on FacebookTwitterShare on LinkedinE-mail article
    Retailers are angling for a piece of Olympic sales gold with a range of merchandising programs tied to the Vancouver Winter games. Betting that shoppers will want to look like the athletes on the medal stand, merchants from Macy's and Polo Ralph Lauren to Target and Nike are outfitting their stores with apparel collections inspired by the games. More

    Coming to Milwaukee: A Chinese mega-mall?
    CNN    Share    Share on FacebookTwitterShare on LinkedinE-mail article
    A Beijing-based company will soon open a Chinese-style mega shopping mall in the most unlikely of places: Milwaukee. "The cost of doing business there is very low," said Wu Li, president of Toward Group. "The people are friendly, the environment is peaceful and the pace of living is slow. It is a good place for Chinese enterprises to go abroad." More
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    PRSM Weekly
    Ben Maitland, Director of Advertising Sales, 972.402.7025   Download media kit
    Yvette Craig, Sr. Content Editor, 469.420.2641   Contribute news
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