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Education and Events    Resources    News and Publications    Get Involved    Membership    About PRSM Mar. 30, 2012


Tennessee's Opry Mills Mall reopens
to huge crowds

The Tennessean    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Nearly two years after the historic Nashville, Tenn., flood, Opry Mills reopened with public officials, families, senior citizens and students on spring break rejoicing. Two hours before the doors would open at the newly remodeled Opry Mills, shoppers waited in line outside the mall with a air of anticipation. With a party like atmosphere, the crowd shared where-were-you-when flood stories and proclaimed the first store they would hit when the doors opened. And when they opened, shoppers stormed inside ready to take a first look at Opry Mills. "This means a lot for the city," Nashville Mayor Karl Dean said. "One of the most obvious things is this is really one of the last pieces of the puzzle of the flood recovery." More




Is the retail recovery finally here?
National Real Estate Investor    Share    Share on FacebookTwitterShare on LinkedinE-mail article
In November 2010 we noted that retail fundamentals for neighborhood and community centers showed signs of bottoming, but that slow economic growth would continue, prompting vacancies to rise. The latest data through February 2012 provides evidence that a broad-based recovery for retail properties may finally have commenced. More

How 'spring-like' winter helps boost consumers' moods
and retailers' sales

National Retail Federation    Share    Share on FacebookTwitterShare on LinkedinE-mail article
With one of the warmest winters on record now officially behind us, retailers have their minds and eyes set on spring. And with spring comes so many wonderful things: shorts and tank tops, bright home decor items, potted plants and garden materials, and of course, colorful trendy fashions and footwear. In fact, the spring-like weather we’ve witnessed across the country these last few months has already played a big role in retailers' winter and early spring sales. More

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Retail sector recovers in New York and North Dakota, but
few other states

The Business Journals    Share    Share on FacebookTwitterShare on LinkedinE-mail article
New York and North Dakota are leading the nation's retail comeback, though they don't have many followers to this point. The two states are among five that have recovered all of the retail jobs that they lost during the recession. The District of Columbia is also in that group. More

Target confirms locations of Quebec stores
Montreal Gazette    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Target Corp. has confirmed the location of its first 12 stores in Quebec. Target purchased the leasehold interests of 189 sites operated by Zellers Inc., and plans to open 125 to 135 stores in Canada, the majority of which will open in 2013. Target intends to announce additional Quebec stores in the coming months. More




CEOS: Still shopping despite high gas price
CNBC    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Upscale shoppers and bargain hunters have one thing in common despite their economic difference — high gas prices aren't putting a dent in their appetite for shopping despite what some surveys have recently said. "Consumers love bargains," Steven Tanger, CEO of Tanger Factory Outlet Centers, told CNBC. "They find bargains at Tanger outlet centers. In good times, they like a bargain. In tough times like these, they need a bargain." More

Wal-Mart sales stay strong
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Wal-Mart Stores Inc's U.S. sales in the last two months have withstood rising gas prices and a tough economy that worried many of its shoppers, a top executive said. Sales at U.S. Walmart stores open at least a year increased 1.3 percent in the third quarter ended on Oct. 31 and 1.5 percent in the fourth quarter ended on Jan. 31, reversing a string of nine quarterly declines. More
Related story:
Wal-Mart plans to reduce grocery prices by $1 billion (Dow Jones Newswire via Fox Business)





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Security trends: Security and access control
Today's Facility Manager    Share    Share on FacebookTwitterShare on LinkedinE-mail article
So much has changed in the security industry over the last decade, it's hard to know whether it's chiefly because of 9/11, the meteoric advances in technology, or the facility management profession's growing sophistication with — and demand for — the latest and greatest technology. It's likely a combination of all three, but regardless of the cause, facility managers need to keep up with the constantly evolving realities of security and access control in a world that demands and deserves only the best. More

Consumer confidence in US holds close to 1-year high
Bloomberg    Share    Share on FacebookTwitterShare on LinkedinE-mail article
An improving job market helped keep consumer confidence close to the highest level in a year in March as a growing number of Americans said they planned to buy cars, homes and appliances. The Conference Board's index was 70.2 this month, in line with the median forecast in a Bloomberg News survey, down from a revised 71.6 reading in February, according to the New York- based research group. More




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Americans likely to spend $16.8 billion on Easter
Christian Post    Share    Share on FacebookTwitterShare on LinkedinE-mail article
From apparel and candy to food and decorations, American consumers are expected to spend $16.8 billion on the occasion on April 8, according to a survey. Americans will shell out an average of $145.28 on Easter, up 11 percent from $131.04 last year, according to National Retail Federation's Easter spending survey, conducted by BIGinsight. More

Starbucks turns attention to European operations
Reuters via Chicago Tribune    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Starbucks Corp. hopes to brew up a European business renaissance after reviving its operations at home. The world's biggest coffee shop chain dominates in the United States but has been just another player in Europe's famed cafe culture. It wants to change that. More




Starwood goes shopping for US malls
The Wall Street Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Veteran investor Barry Sternlicht is close to making his biggest push to date into the shopping mall industry as his Starwood Capital Group prepares to buy majority stakes in seven U.S. malls from Westfield Group for roughly $1 billion, according to people familiar with the matter. More

Successful paint applications
FacilitiesNet    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Successful applications of paints and coatings start well before the paint meets the surface. Maintenance managers must make a series of important decisions related to a host of issues, all with the goal of helping workers carry out the task effectively. To ensure success, managers need to combine advances in new-generation paints and coatings formulated to meet growing user demands for performance and sustainability with savvy product specification of items ranging from brushes, rollers, and sprayers to ladders and scaffolding. More

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Rue21 to open 120 stores
Display & Design Ideas    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Warrendale, Pa.-based teen retailer Rue21 plans to open 120 stores in fiscal 2012. The store openings are part of the retailer's long-term goal to expand its store base to 1,500 stores. More
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