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Retail sales up healthy 3.9 percent in May
Los Angeles Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Despite slower job gains and signs of flagging consumer confidence, consumers hit the malls in May to refresh their wardrobes as the summer shopping season begins. Major chain stores posted a 3.9 percent sales increase in May compared with the same month a year earlier, beating analysts' expectations of a 3.6 percent rise, according to Thomson Reuters' tally of 18 retailers. Top performers were a mixture of high- and low-end stores. More
Related articles:
Retailers report strong May same-store sales (Reuters)
US retailers' May sales beat estimates‎ (BusinessWeek)




Mall of America makeover finally making progress
Minneapolis Star Tribune    Share    Share on FacebookTwitterShare on LinkedinE-mail article
For two decades, the Mall of America has contemplated its much-anticipated second act. But a tough economy has caused mall officials to scale back on some ambitious ideas that have been floated over the years. Instead, new development has occurred in smaller steps — including an Ikea store in 2004, and an upscale Radisson Blu hotel that is now taking shape on the Bloomington, Minn., megamall's southern flank. More

New York, Massachusetts Pyramid malls to be tobacco-free
The Associated Press via The Boston Globe    Share    Share on FacebookTwitterShare on LinkedinE-mail article
There's no more lighting up smokes outside 15 shopping malls in New York and Massachusetts. Syracuse, N.Y.,-based Pyramid Management Group says that as of May 31, all of its mall properties are tobacco-free. That means no cigarettes, pipes, chewing tobacco or electronic cigarettes anywhere on mall property, whether it be sidewalks, loading docks, parking lots or construction areas. The ban applies to Pyramid employees, along with tenant stores, vendors, delivery people and shoppers. More

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Nike looking to sell Cole Haan and Umbro brands
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Nike Inc. is looking for a buyer for its Cole Haan and Umbro brands in order to focus on its core namesake, Jordan, Converse and Hurley brands, the company said. The process will begin immediately and be completed by the end of May 2013, Nike said. More

High tech's race to the shopping center in Canada
The Globe and Mail    Share    Share on FacebookTwitterShare on LinkedinE-mail article
he Metropolis at Metrotown Shopping Centre in Burnaby, B.C. is the new front in the wireless wars. In a digital age, a growing array of technology and telecommunications heavyweights are shifting their efforts to bricks-and-mortar stores, adding bells and whistles and ramping up their footprint. They're borrowing a page from the playbook of tech titan Apple Inc., whose "genius bar" draws customers to its old-world physical outlets. More



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Walmart blazes a trail for other value retailers in
expanding internationally

Retail Traffic    Share    Share on FacebookTwitterShare on LinkedinE-mail article
As the U.S. market becomes increasingly saturated, international growth remains a key part of growth plans for value retailers such as Walmart, Costco and Target. Walmart dominates in the international arena. After opening its first international store in Mexico City in 1991, the Walmart International division now accounts for 5,651 out of the retail giants 10,130 stores with locations in 27 countries. Other retailers are taking note of Walmart's more than two decades of experience to learn more about what works and doesn’t work in overseas markets. More

It's a mall world
Los Angeles Magazine    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Los Angeles' Century City's shopping center, a high-end mélange that features Coach, Bloomingdale's, Brooks Brothers, and Tiffany, is one of the most profitable malls in the nation, with each square foot of retail space generating nearly $1,000 in sales last year — almost double that of Fashion Square in Sherman Oaks, Calif. But there's a problem: Century City is too small to accommodate the number of retailers wanting to get in. More



DineEquity selling 33 Applebee's restaurants
Los Angeles Business    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Applebee's parent DineEquity Inc. plans to sell 33 company-owned restaurants in Missouri and Indiana to American Franchise Capital LLC for a net $26 million. The sale, expected to close in the third quarter, is expected to save DineEquity about $1.3 million a year. More



Canada's Edmonton City Centre mall reaches out to younger shoppers
Edmonton Journal via Canada.com    Share    Share on FacebookTwitterShare on LinkedinE-mail article
After surveying 1,000 people last spring, Edmonton City Centre has rebranded itself as a hip, urban shopping destination, said Greg Burns, marketing director for the mall, which is owned by Oxford Properties. "We were surprised in our research to find our customers were younger than we thought, so we're trying to reflect that," Burns said. More

Avenue Stores closing 96 stores as part of restructuring
Retailing Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Apparel retailer Avenue Stores announced it has begun the process to close 96 stores over the next three months. The company previously announced plans to selectively close and consolidate stores in order to finalize a geographic footprint that maximizes profitability and sales growth potential. Upon completion of the closures, the company will continue to operate more than 300 stores in 34 states, and offer online shopping, More


BrandPoint Announces New President

Brandpoint Services Inc. is delighted to announce the appointment of Steve Hearon as President. Steve plans on using his knowledge of the industry and strong customer service background to make BrandPoint Services into one of the foremost leaders in Construction Services.
MORE
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For some mall owners, is there life after sears?
The Wall Street Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Mall-industry chief executives interviewed recently during the International Council of Shopping Centers' massive annual leasing convention in Las Vegas predicted numerous outcomes for vacated Sears stores. Some might be replaced by single tenants, but that will be the exception. Many will need to be divided into smaller spaces for several tenants. And still more will be bulldozed and rebuilt as smaller shops, restaurants, theaters or a mixture of such tenants. More



Ann Taylor heads north, opens first international stores in Canada
The Canadian Press via Canada.com    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Ann Taylor is heading north of the border as the retail chain opens its first international locations outside the U.S. The New York-based retailer announced it will open two locations in Toronto this fall. With 274 stores across the U.S., the company says its expansion into Canada marks the first step in growing the brand’s global presence. More

Luxury retailer Tiffany cuts outlook as profit stays flat
The Associated Press via USA Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Tiffany & Co. cut its outlook for both sales and profit for the year, citing a slowdown in demand for its jewelry not only in the U.S. but in many other countries. The lowered outlook delivered Thursday came as the luxury chain reported that its profit for the first quarter was essentially the same as a year ago, hurt by business at home. More


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Talbots buyout talks with Sycamore end
Retailing Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Talbots said that Sycamore Partners had walked away from negotiations over a proposed $215 million buyout of the retailer. The company, which also reported first quarter results, said it was exploring other strategic alternatives. More



Survey finds consumers using Pinterest to engage with retailers more than Facebook, Twitter
Retail Solutions Online    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Never before has social media been so attractive to consumers, literally. According to the 2012 Social and Mobile Commerce Study, a joint research project by Shop.org, comScore and The Partnering Group, the visually-appealing social media site Pinterest has become a big player in an even bigger arena, with online U.S. consumers reporting that they already follow an average of 9.3 retail companies on the site, compared to the average 6.9 retailers they follow on Facebook and the 8.5 retailers they track via Twitter. More


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Colby Horton, Vice President of Publishing, 469.420.2601
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