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Education and Events    Resources    News and Publications    Get Involved    Membership    About PRSM Feb. 24, 2012

Companies find bigger returns in smaller spaces
The Kansas City Star    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Bigger is not always better. Just ask the biggest retailers in the country — and their customers. The recession and the growth of online shopping have conspired to cut chains down to size. One strategy they’ve employed has been to close underperforming stores. But Best Buy and an increasing number of companies are trying another strategy, too — going smaller. More

Top US retail brands revealed
Retailing Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
While Walmart maintained the No. 1 position on Interbrand's U.S. Most Valuable Retail Brands list for 2012, several other retailers are moving up the ranks. Although Walmart touts a value that's more than $139 billion, this year also marked a 2 percent decrease for the big box retailer, Interbrand said. Second on this year's list was Target, which holds a value of $23 billion, a 1 percent increase over last year. More
Related story:
Abercrombie back among top US brands (The Columbus Dispatch)

'Shopping mall schools' help struggling students
NPR    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Some students just don't do well in high school — many struggle with bad grades or have discipline problems, and others choose to drop out. But there's also an alternative that some students are taking advantage of: A few school districts are opening up specialized schools inside shopping malls. More

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Roofing trends: Roofing in the spotlight
Today's Facility Manager    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The time for facility managers to address roofing is now. All aspects of public policy—from federal legislative proposals to the International Code Council to ASHRAE model codes and LEED standards—have recognized the value high performance roofing brings to a building's value, occupant comfort and employee productivity. More

General Growth to buy 11 Sears department store sites
Chicago Tribune    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Sears Holdings Corp. plans to raise $270 million by selling 11 of its full-line department store locations to Chicago-based General Growth Properties Inc. The deal, which is slated to close in the second quarter of this year, includes "anchor pad" properties in General Growth malls across the country including one at the Market Place Shopping Center in downstate Champaign, Ill. More
Related articles:
Sears will spin off some stores, sell others; reports 4th-quarter loss
(The Associated Press via The Washington Post)
Sears closing all 9 Great Indoors stores (Chicago Tribune)

Chico's beats with White House/Black Market help
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Chico's FAS Inc. said it will focus more on its higher margin and pricier White House/Black Market brand after full-price selling at those stores helped the clothes retailer beat holiday-quarter estimates. Shares of the company rose more than 15 percent. Strong demand for its White House/Black Market and Soma Intimates brands offset big discounts at its namesake division, Chico's said. More

Zale profit shines on strong holiday sales
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Jeweler Zale Corp reported a better-than-expected second-quarter profit, boosted by a surge in sales over the holiday season, mainly at its U.S. fine jewelry brands segment, sending its shares up 4.4 percent. Sales at stores open at least a year, or same-store sales, rose 5.8 percent in the quarter. More

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Cross-border shoppers buoy Buffalo, NY, economy
Toronto Star    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The good news is, Canadian shoppers are boosting the economy. The bad news is, it's the wrong economy. Statistics Canada figures recently released, show retail sales in Canada grew by a mere 0.2 percent in December, after adjusting for seasonal variations. Meanwhile, Canadians shopping in Buffalo, N.Y. helped boost income from sales tax in Erie County to a record high in 2011. More

Profits grow on the Dollar Tree
Retailing Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Dollar Tree's sales and earnings growth for the fourth quarter and fiscal year is just another example of how discounters dominated in 2011. The company reported that net sales for the fourth quarter were $1.95 billion, a 12.8 percent increase compared with $1.73 billion reported for the quarter ended Jan. 29, 2011. More

Retailers hope to score big with NBA All-Star shoppers
Orlando Sentinel    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Central Florida malls and stores are gearing up for this weekend's NBA All-Star Game, eager to capitalize on fans with big bucks in their pockets.About 50,000 people are expected in town for the All-Star Game and related events. With tickets starting at $500, the game is attracting plenty of the rich and famous. So Mall at Millenia, which has a wing of luxury stores, including Louis Vuitton, Tory Burch and Jimmy Choo, expects an especially big crowd of shoppers. More

Costco's $140 million stores plan in Australia
Brisbane Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Costco has committed a further $140 million to step up its burgeoning operations in Australia, earmarking the fresh capital injection for the rollout of three more warehouse-style stores and placing further competitive pressure on Coles and Woolworths. The Australian arm of Costco is believed to have a second site in Sydney it is keen to acquire and build on, and is eyeing a maiden push into Queensland in the next 18 months. More

Which retailers have the most satisfied customers?
Time    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The latest American Customer Satisfaction Index (ACSI) indicates that overall, consumers were slightly more satisfied with retailers in 2011, compared to the year before. Some shopping experiences were much more satisfying than others, though. As for brick-and-mortar-based retailers, Nordstrom scored highest among department stores, Costco won the Specialty Retail Stores category, and supermarket shoppers are most satisfied with the Publix chain. More

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Apple's first Amsterdam retail store set to open March 3
AppleInsider    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Next month, Apple will expand its retail operations to its 12th country when a new storefront opens in the Netherlands. The Amsterdam location will be on the ground floor and mezzanine of the city's historic Hirsch Building in Leidseplein Square. The two levels will be connected by a glass spiral staircase, which is a defining feature of many of Apple's retail locations. More

Wawa looking to fill out DC, Baltimore corridor
Convenience Store News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Wawa Inc. plans to continue its expansion in the Mid-Atlantic region by adding locations near Washington, D.C.. Peter Gilligan, vice president and chief real estate officer, shared details of the company's growth strategy at International Council of Shopping Centers Mid-Atlantic Conference. More

Holiday shoppers in Canada put wallets away in December, sales slump despite discounts
The Canadian Press    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Canadian shoppers reined in spending before Christmas this year as retail sales slumped 0.2 percent in December despite apparent deep discount sales from stores. The fall-off followed a revised 0.4 percent pop in November, an indication that shoppers had both completed their Christmas shopping early and were cautious consumers during the holiday season, analysts said. More

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Where Gen Y will shop in 2012
Forbes    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The worst may be over for retailers, but those who want to boost and sustain sales should listen up. New data released by American Express Business Insights and IBM Global Business Services holds some important information about consumer spending habits. More
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