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Luxottica posts strong 2Q numbers
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Luxottica Group, a fashion, luxury and sports eyewear designer, reported second-quarter earnings that were among the strongest in the company's history. The Italian-based company posted net income of 150.1 million euro, compared with 115.3 million euro in the same quarter last year, beating the average expectations of 145.3 million forecast by eight analysts polled by Thomas Reuters. For the first time in its history, Luxottica's net sales approached 1.6 billion euro.For the first time in its history, Luxottica's net sales approached 1.6 billion euro. The eyewear design and manufacturer, which operates Sunglass Hut and LensCrafters, saw a boost from double-digit growth in Ray-Band and Oakley brands, as well as improvements in its own premium and luxury brands. More



PRSM upcoming sustainability webinar: Green Procurement Methodologies—How To Develop Your Organization's Green Filter
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This webcast will cover areas of consideration when integrating sustainability into your procurement processes and policies, including addressing life cycle impacts of your vendor's products and services. More

Dollar General opens 9,000th store
Business Wire via Yahoo! Finance    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Dollar General Corporation will return to the state where it all started to celebrate the opening of its 9,000th store tomorrow at its newest location in Fountain Run, Ky. This milestone further distinguishes Dollar General as the retailer with the largest number of company-owned stores in the United States. "The opening of our 9,000th store is an exciting time for the Dollar General family, and I would like to thank our 80,000 employees for all they do every day to help us keep growing and serving our customers," said Rick Dreiling, Dollar General's chairman and CEO. More



Stop & Shop Boston store gets solar installation
The Boston Globe    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Stop & Shop Supermarket Co. said it has completed its first solar installation in Boston, adding to seven other stores in the Northeast where it is already generating clean power, the company announced. The Quincy-based grocer installed photovotaic panels on its store at 1100 Massachusetts Ave. in Dorchester as part of a broader campaign to reduce its carbon emissions 20 percent by 2015. Stop & Shop has also installed panels on stores in Dedham and Somerville, as well as on five other outlets in New Jersey and Connecticut. More

Radio Shack plans Target store kiosks
Financial Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Radio Shack, one of the largest U.S. retailers of mobile phones, said it planned to open kiosks in most of Target's 1,700 discount stores, as it faces a drive by rivals Best Buy and Wal-Mart into the rapidly expanding wireless business. Radio Shack, which operates over 4,400 small stores across the U.S., said it planned to start expanding its presence at Target this summer after initially testing "Bullseye Mobile" kiosks at 100 stores. More

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Winn-Dixie to close 30 stores, cut 120 jobs
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Supermarket chain Winn-Dixie Stores Inc. said it will close 30 under-performing stores and also cut 120 corporate and field support staff jobs to reduce costs, incurring related charges in the first quarter of fiscal 2011. Winn-Dixie said it expects to take charges of $35 million to $50 million and sees saving $12 million to $17 million annually. More

GameStop buys Flash game site Kongregate
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San Francisco-based Flash game site Kongregate has been acquired by game retailer GameStop. The deal was formally announced on Kongregate's blog, as well as a press release by GameStop's corporate unit. The amount of the deal was not disclosed. In a note to Kongregate's user, Kongregate co-founder and CEO Jim Greer said that GameStop's offer was one of many, but that GameStop's was the best fit for the site because of "the degree to which they get what we're doing, and value it for what it is." More



Office Depot advances plans to green stores inside and out
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Office Depot has opened its first store registered as a green building project under LEED standards for commercial interiors — the latest move in the company's program to make its sites more environmentally friendly. The store in Austin, Texas, awaits certification. Office Depot says it will open 14 others with commercial interiors designed to LEED standards before the end of the year, and it will seek certification for all of them. 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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Pappas brothers guarantee $13 million in Luby's debt
The Dallas Morning News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Houston-based restaurateurs Chris and Harris Pappas have agreed to guarantee up to $13 million in Luby's Inc. debt as the cafeteria chain absorbs the bankrupt Fuddruckers hamburger chain. The Pappas brothers own 31 percent of the company's stock, or 8.8 million shares. Chris Pappas is president and chief executive of Luby's, and Harris Pappas is chief operating officer. The two also operate the popular Pappas Brothers steakhouses and other Pappas-named chains. More



Eastern European malls use dinosaurs, spas to lure shoppers
Bloomberg    Share    Share on FacebookTwitterShare on LinkedinE-mail article
If Christian Dior's brand name can't attract customers, maybe dinosaurs will. That's the plan behind Galerie Harfa, a half-built shopping mall perched above Prague's Vysocany suburb that will have a dinosaur-themed amusement park, fitness center and rooftop swimming pool. As the economic slowdown squeezes retail sales in the Czech Republic and Hungary, companies such as Hochtief AG, Strabag SE and Skanska AB help construct venues with spas and electric-car tracks to lure shoppers. More

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August 1 - 8, 2010
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    PRSM Weekly
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