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Commerical Repairs & Sales

PRSM Weekly
March 20, 2009  
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Ross Stores 4Q Profit Edges Up, Margins Improve
from The Associated Press
Ross Stores Inc. said yesterday that its profit edged up 3 percent in the fourth quarter, meeting Wall Street's expectations, as the discount clothing retailer improved its margins. For the quarter ended Jan. 31, earnings rose to $97.4 million, or 76 cents per share, from $94.5 million, or 70 cents per share, a year ago. Sales grew 5 percent to $1.73 billion from $1.65 billion a year earlier. More

Roof Connect

Hy-Vee Stores Flourish In Recession
from KSFY-TV
We have to eat. It's no secret. That basic need of life, combined with the gorwing disinterest in dining out, may be the cause for a spike in grocery shopping. According to Hy-Vee store director Kristi Masterson, that's partially true. "What we're seeing is that our restaurants are a little bit busier and that's because it doesn't include a tip. So they're still kind of eating out." More

E-Tailers Embrace Physical Realm
from Footwear News via Women's Wear Daily
In today’s economy, old ideas about technology are changing at breakneck speed. Just a few short years ago, conventional wisdom said the best avenue to Web sales was through brick-and-mortar locations. The formula for independent footwear retailers seemed simple enough: Open a store in a desirable location, garner a local following, launch a Web site and, eventually, an e-commerce store. More

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JPMorgan, GE Face Card Losses as Store Rewards Vanish
from Bloomberg
JPMorgan Chase & Co. and General Electric Co., two of the biggest sponsors of store-branded credit cards, face a rebellion by customers who may tear up their bills from defunct retail chains. Consumers who used store cards to buy flat-screen TVs from Circuit City Stores Inc. and espresso makers from Linens ‘n Things Inc. had their accounts shut after the slump in consumer spending forced the retailers to liquidate. More

Wal-Mart Giving US Employees $2 Billion in Yearly Award Program
from CNN Money
Wal-Mart Stores Inc. is making its largest ever annual award to employees, handing out roughly $2 billion to its rank and file U.S. workers through measures including bonuses, profit sharing and discounts. The financial incentives for hourly workers include $933.6 million in bonuses that the retailer handed out this week. There is another $788.8 million in profit sharing and 401(k) contributions, and hundreds of millions of dollars in merchandise discounts and contributions to the employees' stock purchase plan. More

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Drug Fair Says it Will Sell 32 Stores to Walgreen
from The Associated Press via Forbes
Walgreen Co., the largest drugstore operator in the U.S., said it bought 32 stores from New Jersey drugstore chain Drug Fair Group Inc. Walgreen, which is based in Deerfield, Ill., also bought prescription files from 11 other Drug Fair stores which have closed. The companies did not disclose terms of the deal. Drug Fair said it filed for Chapter 11 bankruptcy protection, and a bankruptcy court must approve the sale of 32 of its 50 stores to Walgreen. More

eBay, Gap and Symantec Help Climate Coalition Flex Its Muscle
from GreenBiz
The advocacy group Business for Innovative Climate and Energy Policy −also known as BICEP − flexed its muscle with a new crop of members to help push for aggressive climate change policies. Gap Inc., eBay and Symantec joined the four-month-old coalition whose founding members include corporate heavyweights Levi Strauss & Co., Nike, Sun Microsystems, Starbucks and The Timberland Co. The group subscribes to a set of climate change principles that are, in some ways, more progressive than those of President Barack Obama. More

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Tiffany Taps Into Social-networking Scene
from National Jeweler
Iconic jewelry company Tiffany and Co. has entered a new era in its 172-year history: the age of social networking. An e-mail from a company spokesman to National Jeweler confirmed that the iconic New York jeweler now has its own Facebook page, which can be viewed here. The page, created in February as a "Fan Page" on the popular social-networking site, had recently attracted more than 124,000 fans. More

Bulgari to Cut Jobs, Close Stores
from Luxist
Famed Italian jeweler and luxury goods firm Bulgari plans to cut jobs, close stores and pare down its collections in the wake of a disastrous 45 percent drop in profits. The company, which was founded in 1884, has seen its watch business suffer badly in the economic downturn. More

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J.C. Penney Adds Stores
from NPR
J.C. Penney Co. is opening nine new stores across the U.S. this month, including a store in Manteca, Calif. Why is the company choosing to expand during an economic downturn? More

American Project & Repair

Retailers Get Help in Trimming the Waits
from STORES Magazine
It is hard enough to get shoppers into stores these days, but no merchant wants to delay their time getting out, either. Many retailers are seeking ways to speed checkout lines as a route to enhanced customer service; this, in turn, is fueling the growth of queue management, the science of managing waiting times and checkouts. More

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Altierre Unveils Retail Technology Center
from MSNBC
Altierre Corp., a provider of wireless dynamic pricing solutions for retailers, unveiled a Retail Technology Center at its company headquarters in San Jose, Calif., consisting of a 45,000-square foot paperless retail demo store and adjacent tech lab. Designed as a full-scale, fully-functional replica of a large retail outlet, Altierre's Retail Technology Center will serve as an incubator and testing facility for the company's products as well as other companies' new applications aimed at improving productivity, merchandising, display and the consumer shopping experience for large retail chains. More

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