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3 tips for leveraging BIM in facility management
Facility Executive
Many owners are leveraging building information modeling (BIM) for design and construction. However, most aren’t benefitting from the rich data in the model when it comes to facilities management. Using BIM within a facilities management system allows users to reduce maintenance costs, save on future construction with an accurate model, and link existing systems to modeled information. Facility executives can derive more value from BIM within their facilities management system with these steps.
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Lane Bryant owner Ascena to buy Ann Taylor
FierceRetail
Ascena Retail Group, parent company of Dressbarn, Lane Bryant and Maurices, has agreed to buy Ann Inc. for $2.15 billion. The combined company will have $7.3 billion in annual sales and more than 4,900 stores, according to the Wall Street Journal. Ascena is the parent of Lane Bryant and Dressbarn, as well as Cacique and Maurices. Ann is the parent of Ann Taylor and Loft, as well as the new and growing Lou & Grey concept.
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H&M opens largest flagship with John Legend
Footwear News
Fast-fashion phenom H&M unveiled its largest retail outpost, drawing more than 1,500 shoppers to check out its new digs at 1 Herald Square in New York. And they might also have showed for another reason, too.
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Walmart buying 13 former Target Canada stores
The Canadian Press via The Toronto Star
Walmart is buying 13 of the former Target Canada stores plus a distribution centre in Cornwall, Ontario. Walmart Canada says it will spend about $165 million for the leases and properties and a further $185 million on renovations.
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Timing everything when upgrading HVAC system
FacilitiesNet
The timing of an HVAC upgrade can go a long way towards determining its success or failure as well. While upgrading HVAC equipment is never an easy process, it's certainly easier to do it before something breaks.
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How can buildings ever be net zero let alone regenerative?
Sourceable
There is much being written about how buildings can be a big part of the solutions to truly sustainable cities and a big part of this claim hinges on their perceived ability to deliver not only net carbon zero or positive outcomes but other essential ecosystem services as well. But how much is pie-in-the-sky and how much is grounded in reality?
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7-Eleven to acquire Massachusetts chain
Supermarket News
7-Eleven said Monday it has agreed to acquire approximately 182 locations in the Greater Boston area and New Hampshire from Tedeschi Food Shops, Rockland, Massachusetts. The Dallas-based company said the deal is scheduled to close in about six weeks. Terms of the deal were not disclosed.
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EE Global Forum: The challenges and rewards of energy-efficient buildings
By Ryan Clark
It's amazing how much waste there is in the building of buildings, Wade Smith said at the 2015 Energy Efficiency Global Forum in Washington, D.C. Smith, the director of global public affairs for the Air Movement and Control Association International, was one of several speakers who outlined different ways to seek efficiency in building systems. Speaking at an executive dialogue, Smith — along with a panel of industry experts — called the untapped opportunities for energy savings "low-hanging fruit" that has gone untouched.
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Why DC and Maryland still think they need more retail
The Washington Post
The Washington region has become one of the hottest areas for retailers in recent years, with new restaurants considered among the nation's best, a slate of tony downtown shops at CityCenterDC and a glut of Whole Foods stores on the way. Why then, are District officials — along with representatives of Prince George's County and the state of Maryland — in Las Vegas this week pitching their jurisdictions to chain retailers?
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TJX Cos. Inc. keeps the momentum going
Retailing Topday
Strong traffic continues to boost sales and profit at TJX Cos. Inc., which raised its annual guidance after reporting that earnings rose 4.5 percent in the first quarter. The off-price retailer said that net sales for the first quarter ended May 2 increased 6 percent to $6.9 billion, and same store sales increased 5 percent. Net income for the first quarter was $475 million, and diluted earnings per share were 69 cents, an 8 percent increase over the prior year.
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Target's profits jump 52 percent
FierceRetail
It seems Target's turnaround strategy is taking hold, as the retailer reported a 52 percent increase in profits to $635 million in the latest quarter. Revenue was also up 3 percent and same-store sales climbed 2.3 percent. Online sales were also a big winner, up 38 percent.
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Here's what's next for Tanger Outlets
Triad Business Journal
Greensboro, North Carolina-based Tanger Factory Outlet Centers Inc. continues to expand its footprint across the country. With four outlet centers expected to open this year, here's a look at some of Tanger's upcoming plans.
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Old Navy going back to its roots, global president tells RECon
ICSC
One of the world's foremost brand repositioners, Stefan Larrson, is proud of his reputation as an obsessive and maniacal decision-maker in his repositioning of Gap's iconic brand, Old Navy. Named global president of Old Navy in 2012, after helping launch H&M in a 15-year career there, Larrson backpeddled nearly two decades to the chain's founding to rediscover the retailer's relaunching point as a value trend-setter. "I thought, let's go back to the heritage of Old Navy, to the story behind the story," he told a RECon crowd at Monday's keynote presentation.
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Colby Horton, Vice President of Publishing, 469.420.2601
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Yvette Craig, Senior Content Editor, 469.420.2641   
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