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Home   Join/Renew   Certification   PRSM Magazine   Careers   Resources    PRSM2010! National Conference May 21, 2010

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Nearly 90 percent of retailers
plan to add stores in 2010

The Business Journal of Milwaukee    Share   Share on
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In a sign that department store chains like Kohl's Corp. in Menomonee Falls, Wis., may face better days ahead, nearly 70 percent of retailers surveyed by CB Richard Ellis Group Inc. say the overall economy is improving and 92 percent plan to increase store openings in 2010. "Our survey shows that retailers are increasingly more confident about their growth plans for 2010, and even more so for 2011," said Anthony Buono, executive managing director of CBRE Retail Services in the Americas. More

Target posts 5.5 percent Q1 sales increase
Progressive Grocer    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Target Corp.'s first-quarter profits rose by nearly 30 percent on strong sales of clothing and other discretionary items, with its net earnings of $671 million during the quarter ended May 1, handily besting the $522 million posted in the year-ago quarter. The Minneapolis-based retailer's first-quarter earnings per share (EPS) increase to 90 cents from 69 cents in the comparable year-ago period was the highest EPS from continuing operations in Target's history, excluding holiday-driven fourth-quarter results. More

Destination Maternity announces opening of its first stores in Saudi Arabia
PR Newswire    Share    Share on
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Destination Maternity Corporation, the world's leading maternity apparel retailer, announced the recent opening of three Destination Maternity stores in the Kingdom of Saudi Arabia. Located in the Granada mall and the new Panorama mall in the capital city of Riyadh, and the Stars Avenue mall in the city of Jeddah, these stores are the Company's first stores in the country. Destination Maternity is the home of the world's leading maternity brands Motherhood Maternity and A Pea in the Pod (including its premier luxury line, A Pea in the Pod Collection). It is a one-stop shop for the most extraordinary selection of maternity fashion, accessories and everything imaginable for the pregnant woman. Including these new locations, Destination Maternity Corporation has opened a total of seven stores through its franchisee, Multi Trend, a member of the Al Homaizi Group. More

Pacific Air
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Why the consumer is hanging tough
Bloomberg BusinessWeek    Share    Share on FacebookTwitterShare on LinkedinE-mail article
For bearish investors, one of the biggest puzzles of the last few months has been the strength of consumer spending. Despite a U.S. unemployment rate at 9.9 percent in April, shoppers are returning to stores. For example, Polo Ralph Lauren President and Chief Operating Officer Roger Farah said May 19 he sees an "inflection point" in the luxury market. "Worldwide, we are seeing our core luxury customers returning to the stores with an openness to spend," he told analysts. More

Canada march retail sales gain most in 5 years, reach record
Bloomberg BusinessWeek    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Canadian retail sales rose more than expected in March and the most since February 2005, led by sales of cars and parts, adding evidence consumers are leading the recovery from last year's recession. Retail sales increased 2.1 percent to a record C$37 billion ($34.5 billion), the 10th gain in 11 months, statistics Canada said in Ottawa. More

The PRSM Weekly now available as an iPhone app
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PRSM understands the need to deliver timely, relevant industry news to its members. In partnering with MultiBriefs to create the PRSM Weekly, the association committed itself to delivering this news to members and other retail facilities maintenance professionals. That partnership has now expanded to provide another convenient avenue to receive this information. The PRSM Weekly is now part of the new MultiBriefs app, now available for the Apple iPhone and iPod Touch in the App Store.

Simply search "MultiBriefs" in the App Store and download the app free of charge. Once the MultiBriefs application is downloaded, you can add the PRSM feed from the "Specialized and Industries" section. News is streamed into your iPhone or iPod Touch each week. And just like the e-mail news brief you've become accustomed to, you may share articles with your colleagues via e-mail, Twitter, Facebook and LinkedIn. You can even bookmark certain articles as favorites to revisit at a later date. As always, feedback is appreciated and is important to the success of the app. Feel free to rate the application in the App Store.

Publix seafood to get new grades
The Tampa Tribune    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Publix is taking a much closer look at the fish sold in its stores. But not necessarily for freshness or price, or even damage from oil spilling in the Gulf. Officials at Publix are starting to reveal details about a company-wide project to rank seafood supplies on sustainability and to stop buying stocks that don't meet certain standards over time. Like the boom in reusable bags and organic vegetables, it's another case of the overall concept of sustainability changing the grocery landscape. More

1 Stop Maintenance in China, Now Open For Business

1 Stop Facilities Maintenance is proud to announce its new office opening in Hong Kong on February 22, 2010.
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14th Floor-Chuang Tower

Government encourages retailers to welcome food stamps
The Associated Press via ABC News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Attention food stamp recipients: Your business is appreciated. The Agriculture Department announced it will encourage grocery stores and other retail outlets that accept food stamps to post signs reading "We Welcome SNAP Benefits." The move is part of an effort to decrease the stigma of using government food assistance in a tough economy. Attempts to reduce such stigmas have been ongoing for years. More

Sears and Kmart to offer cash-for-gold service
Reuters via ABC News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Sears Holdings Corp , which expanded its layaway program to help cash-strapped consumers pay for purchases during the recession, is now helping its customers exchange their jewelry for cash as gold prices soar. The new service, available at the jewelry departments of Sears and Kmart stores, allows customers to send their gold and silver items to Pro Gold Network, a company that buys precious metals from consumers. More

Retail center in Hawaii sells for $50 million
National Real Estate Investor via Retail Traffic Magazine    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Cash buyers such as Newport Beach-based Stoneridge Capital Partners are leading the charge among investors returning to the commercial real estate arena. The private investment firm recently acquired the 180,300-square-foot Mililani Shopping Center in central Oahu, Hawaii, for $50.25 million. The firm's all-cash offer was key to beating out nine other bidders for the community shopping center. The property sold in the first quarter at an 8.2 percent cap rate. More

Growing one cup at a time
Shopping Center Business    Share    Share on FacebookTwitterShare on LinkedinE-mail article
For one reason or another, the industry is always watching Starbucks. After emerging on a national scale during the 1990s — when it was one of the most rapidly expanding retailers in the world — to its scaling down in 2008, Starbucks is always giving us a reason to watch. The company has made some major plays over the last few years, including revamping top management, acquiring new brands, shedding stores and expanding internationally. In the last year, Starbucks has refocused its efforts on its stores, creating new prototypes and formats — all LEED certified — that mold the way for the future. The new stores are attracting attention — causing retailers and retail architects to book tickets to Seattle and investigate on their own. More
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    PRSM Weekly
    James DeBois, Director of Advertising Sales, 460.420.2618   Download media kit
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