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Canadian retailers seeing profits in going green
Reuters    Share   Share on FacebookTwitterShare on LinkedinE-mail article
Wal-Mart Canada, Loblaw Cos and Canadian Tire are among the big retailers trumpeting aggressive policies to save energy and minimize packaging. Some are even publicizing efforts to protect depleted fish species and ensure decent working conditions at their suppliers. The companies may have the best intentions but there's also no denying that green practices are simply good business. Saving energy cuts costs, while touting policies to protect the environment strikes a positive chord with consumers and investors alike. More

Gymboree doubles plan for its low-cost brand
San Francisco Business Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Gymboree's so nuts for its Crazy 8 startup, it has doubled the chain's new-store plans for 2010. The San Francisco children's retailer now plans to open 75 to 100 new Crazy 8 stores this year, not the 50 previously announced. It also expects the chain, which opened its first store in August 2007, to turn profitable in 2010. More

Walgreen says FTC clears Duane Reade purchase
The Associated Press via Crain's New York Business    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Walgreen Co. said that the Federal Trade Commission has cleared its acquisition of New York City drugstore chain Duane Reade, and it expects the sale to be complete in a few weeks. The sale will give Walgreen 257 Duane Reade stores in the New York metro area, making it the biggest drugstore operator in the largest U.S. market. The company said the deal should be complete by mid-April. More

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Shoppers emerging with Best Buy sales signal revival
Bloomberg    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Companies from Saks Inc. to Best Buy Co. are growing more confident that the recent revival of consumer spending is more than just a blip. New-York based Saks is "moving from defense to offense," selectively rebuilding inventory and increasing investment as consumers "come out of their shell," Stephen I. Sadove, chairman and chief executive officer of the luxury retailer. More

Free-spending teens return to malls
Los Angeles Times    Share    Share on FacebookTwitterShare on
LinkedinE-mail article
Teen shoppers are making a comeback. For two months in a row, teen retailers have soared past sales expectations. Notably, Abercrombie & Fitch Co., known for its sexy advertising and casual-but-pricey fashions, snapped its 20-month streak of negative sales with an 8 percent increase in January. More

Borders shares soar after it secures loans, posts profit
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
After the close of markets, the No. 2 U.S. specialty book store chain after Barnes & Noble Inc (BKS.N), said it paid a $42.5 million loan to New York-based hedge fund Pershing Square Capital Management. It also said it entered into an amended $700 million revolving credit and closed on a $90 million term loan credit facility. More

Swoozie's to close its doors
The Atlanta Journal-Constitution    Share    Share on FacebookTwitterShare on LinkedinE-mail article
An invitation to its own liquidation sale was not the greeting card that Swoozie's wanted to send. But it is the outcome of the bankruptcy case filed earlier this month by the card and gift chain with 43 stores — five in metro Atlanta — and 350 employees in 14 states. More

Pacific Air
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Retailers testing out the drive-through lane
The Chicago Tribune    Share    Share on FacebookTwitterShare on LinkedinE-mail article
You can pick up a hamburger at McDonald's, your allergy pills at Walgreens, your extra foamy latte at Starbucks and the cash to pay for it at your bank — all without leaving your car, thanks to an American invention called the drive-through. But when it comes to weekly shopping, aside from regional convenience stores like the Dairy Barn, staying in your car hasn't been an option. Until now. More

Recruit DENTCO's ESM Specialists Today and Let the Evolution Begin!
DENTCO's Exterior Services Management Specialists have discovered similarities among changes in both retail and commercial facility maintenance. The evolving threads expose dramatic change stemming from consolidation, technology updates, workforce reductions, dark stores and new forms of risk and liability. If you notice any of these signs of evolution in your retail or facility locations, call in the DENTCO specialists today! Visit us online at or call us at 800.993.3689. Let the Evolution Begin! more

Retail landlords see signs of hope
Los Angeles Times    Share    Share on FacebookTwitterShare on
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Market conditions are improving slightly for retail landlords, a new report says — or, more accurately, conditions are worsening at a slower pace. Vacancies at neighborhood shopping centers, which are usually anchored by a grocery store, grew in the fourth quarter of 2009 at the slowest pace since the end of 2007, according to an analysis by CBRE Econometric Advisors. About 12.4 percent of the space in such centers was empty at the end of last year. More

Entertainment comes riding to retail's rescue
The Oregonian    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Operators know that high unemployment rates are likely to keep shoppers sticking to budgets. So how to get consumers in the door, even if they're not so keen on consuming? Entertainment. More

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    PRSM Weekly
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