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Education and Events    Resources    News and Publications    Get Involved    Membership    About PRSM Mar. 2, 2012


Strong retail sales are sign of improving economy
The Associated Press via Google News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Many retailers reported strong sales gains for February in the latest sign that Americans are feeling more confident in the economy. As merchants reported their recently monthly sales figures, a diverse group including Target Corp., Macy's Inc. and Limited Brands Inc., reported sales gains that exceeded Wall Street estimates. "This was a very strong month. A new life has been breathed into the retailers," said Ken Perkins, president of Retail Metrics, a research firm. "Consumers are starting to feel much better about their overall situation." More
Related articles:
Stock rise on bright retail sales reports; unemployment claims drop to 4-year low
(The Associated Press via The Washington Post)
Valentine's shoppers flocked to stores (PR Newswire via Bradenton Herald)




Wal-Mart: 'US business is back on track'
Forbes    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Americans are back in Wal-Mart stores, says CEO Mike Duke. And expecting strong sales this year, Wal-Mart, a Dow component, raised its quarterly dividend 9 percent. "We are pleased that the strength of our financial position allows Wal-mart to again increase our dividend payout to shareholders," Duke said in a news release. More

Gap eyes Latin American expansion
Bloomberg    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Gap Inc., operator of the largest U.S. apparel chain, plans to expand in Latin America after its first namesake store in the region topped sales expectations. The Gap store in Santiago, which opened in October, was among the leading franchise performers out of 200 stores worldwide, said Stefan Laban, managing director of strategic alliances for Gap. More

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Weather helps US store sales
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Mild weather helped spur consumers to buy spring clothing in February, leading to broad sales gains at top U.S. chains, and even perennial laggard Gap Inc. posted its first increase in eight months. More

A pile mentality doesn't cut it when it comes to handling waste
Today's Facility Manager    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The pace of change continues to accelerate, and each year facility managers are, to various degrees, coping with how to handle an increasingly complex set of waste streams. Activities in the recycling and sustainability arenas can be likened to a game of dominos; once the first one falls, the last one will eventually tip into the facility management space in the form of either new regulations or new recovery opportunities. There is an increasing number of decisions that need to be made as fms evaluate their material recovery options. More



How retailers study and test us to maximize profit
USA Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Shoppers are like laboratory rats these days. From the time shoppers walk into stores, their footsteps, eye movements, choices and reactions to discounts are often closely monitored. With this analysis, stores can determine with startling accuracy whether changes such as remodeled stores, specific deals and more salespeople will make people spend more. More

What's behind the dollar store craze?
San Diego Union-Tribune    Share    Share on FacebookTwitterShare on LinkedinE-mail article
There are few places where a buck buys more than at 99 Cents Only, Dollar Tree and other "all one price" stores, a retail sector that thrives when customers pinch pennies. The $52 billion dollar-store industry has been expanding as middle-class shoppers trade department stores and supermarkets for extreme discounting. More

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Calgary retail sales to grow to $26 billion this year in Canada
Calgary Herald    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Retail sales in the Calgary, Canada, census metropolitan area are forecast to grow to $26 billion this year, according to a new report. The KubasPrimedia Retail Sales Outlook first quarter forecast said Calgary retail sales will grow by 7.6 percent this year from last year’s estimated $24.2 billion in sales. More



Costco reports higher profit and sales
The Associated Press via Los Angeles Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Costco Wholesale Corp. reported a fiscal second-quarter profit that topped Wall Street's expectations as the company's low prices continued to attract customers and drive sales. The Issaquah, Wash., wholesale club operator said that its net income rose 13 percent as sales at stores open at least a year increased. More

Youth favor brick and mortars
Independent Retailer    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The days of typewriters, encyclopedias and good old fashioned letter writing have been replaced by PCs and laptops, search engines and email, making digital a way of life. And while today's college bound students and recent graduates swear by the Internet as a resource for research, gaming and socializing, one thing is for certain: it is not their preferred source for shopping. More



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Tory Burch to open first Canadian shop in Toronto
The Toronto Star    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Luxury retailer Tory Burch is coming to Toronto with a 2,500-square foot store at the Yorkdale shopping centre in May, amid reports that a dispute with her former husband over his line of similarly preppy clothes is heating up. More



Restaurant operators report positive sales for 8th consecutive month
PizzaMarketplace.com    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The outlook for the restaurant industry is positive for the coming months, as the National Restaurant Association's Restaurant Performance Index remained well above 100 in January. More

The JC Penney reinvention
Power Retail    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Facing flat online sales and a tough retail climate, venerable JC Penney is in need of a reinvention. Enter Ron Johnson, the former Apple store mastermind who is taking no prisoners in the quest to create a new JCP. More

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In Canada, older workers moving to retail sector
The Vancouver Sun    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A recent analysis of labor force trends by TD Economics reveals that a surprising number of older Canadians are taking up work in the retail sector. While retail employment has languished for almost three years and remains below its pre-recession peak, workers 55 and over have recorded a net gain of 75,000 jobs in the sector, according to the report, written by economist Francis Fong. More
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