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Dollar Tree poised to become $18 billion power retailer
Forbes
The acquisition of Family Dollar by Dollar Tree promises to create an $18 billion in sales, 13,000 store powerhouse. The combination of the two companies has some pretty big implications for not just the deep discount segment of retail, but mass merchants, too. Dollar Tree agreed to purchase struggling Family Dollar in a stock deal worth approximately $8.5 billion.
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PRSM launches new leadership management webinar series
PRSM
PRSM members continually rate management and professional development as two of the most needed educational topics. In response to your requests, we created a special webinar series to delve into these issues. The new Leadership webinar series and its facilitator, Jeffrey Cufaude, promises to deliver the kind of practical skills and problem solving tools needed to produce thoughtful decisions that can and will shape strategies, operations, and performance in your business environment. The next webinar in this series, "Motivation and Management – Rethinking the Workplace and Workplace Culture" on Thursday, Aug. 21, from 2 p.m. to 2:45 p.m. will help attendees:
  • Refresh your workplace culture to better embrace individuals whose interests and values different from those in the past;
  • Rethink tactics for better engaging the talents of younger employees, as well as guide managers in doing so more effectively; and
  • Identify and implement simple shifts that improve your workplace culture and increase employee engagement.
The special series of webinars will include two more installments on Sept. 18 and Oct. 30.

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Wealthy Canadians fuel mall construction boom
The Vancouver Sun
While big box retailers like Target have struggled to gain a foothold in Canadian markets, demand for luxury retailers is strong and fueling massive expansion projects at shopping malls across Canada. According to research by commercial real estate company CBRE Group, more luxury retailers are predicted to arrive in Canada, albeit at a more moderate pace compared to the flurry of activity seen in the last three years.
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Today's Facility Manager
Facility management professionals are being asked to do more with less. Shrinking budgets and staffs make it difficult to keep up with the rising demands for building efficiency, comfort, and safety. Making the right decisions about where to spend time and money is critical to accomplishing these goals.
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Survey: Teens, young adults love shopping, personalization, deals
Chain Store Age
Shopping ranks as a favorite activity among nearly half of all teens and young adults aged 13 to 24. According to a new survey of more than 1,000 teens and young adults ranging from ages 13 to 24 conducted by Alexander Babbage in partnership with Forest City Enterprises Inc., shopping at malls ranked above a virtual shopping experience among the entire group, with the 13-to-17-year-old age group showing the strongest preference for a bricks-and-mortar shopping experience.
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Target names Brian Cornell CEO
USA Today
Target named former PepsiCo executive Brian Cornell as the retailer's new CEO, nearly three months after former CEO Gregg Steinhafel stepped down as the brand dealt with the aftermath of a reputation-threatening holiday data breach and difficulties with its Canada stores. Cornell, 55, replaces interim CEO John Mulligan, who stepped in when Steinhafel resigned in May. He will leave his post as CEO of PepsiCo Americas Foods, where he oversaw the brand's snack business including Frito-Lay North America and Quaker Foods.
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Some online retailers seeing value in opening bricks-and-mortar shops
Los Angeles Times
Some of the hippest online retailers around are pioneering an old concept: offline retailing. After years of squeezing traditional retailers, e-commerce companies that were once digital-only are seeing the value of hanging up shingles in malls and bustling shopping streets.
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Outlet mall's opening a sign of shifting retail landscape in Charlotte, North Carolina, region
The Charlotte Observer
Charlotte Premium Outlets, the city's first new mall in almost a decade, is set to open – a sign of a changing retail landscape that favors bargain-hunting and companies striving to boost their sales by building outlets closer than ever to major cities. Outlet malls used to be relegated to beaches and tourist traps, selling damaged or unsold goods from last season.
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Shopping malls go wild in Dubai with animal attractions
CNN
Dubai is home to the tallest building, largest mall and biggest candy shop. Recently, however, the city proved that its penchant for the extra large isn't limited to the inanimate. The Dubai Mall recently became home to a giant pacific octopus — the largest species of octopus on the planet.
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General Growth adds Manhattan, New York, retail as rents increase
Bloomberg
General Growth Properties Inc., the second-largest U.S. mall owner, is spending almost $450 million for stakes in three Manhattan properties as New York rents soar. The company acquired half of 685 Fifth Ave. for $260.5 million and agreed to take stakes in two other properties in the city, it said in a statement when it announced its second-quarter financial results.
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Jamba Juice plans 500 new US stores
Chain Store Age
Jamba Inc., parent company of the Jamba Juice chain, is launching a new franchise recruiting campaign focused on single-store development in existing and new domestic markets. Jamba is looking to add 500 new domestic stores in the next five years and double year-over-year store development via the new recruiting program.
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Transformation Management
Today's Facility Manager
Transformation Management may not be as familiar to facility managers as its more commonly used cousin Change Management. In fact, many view these labels as interchangeable with their use being one of personal choice. Certainly, similarity exists, and to an outside observer the methods employed to effect transformation/change may look identical but fundamentally the difference is: Change is typically perceived as an alignment activity to keep a program or organization on target.
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Growth game's not over for this sporting goods retailer
Morningstar
Dick's Sporting Goods has grown from less than 300 stores in 2006 to more than 560 Dick's branded full-line sporting goods stores and 84 Golf Galaxy golf specialty stores today. Its revenue has grown from just over $2.1 billion in 2004 to a projected $6.8 billion in the year ending January 2015, representing a 14.7 percent compound annual growth rate.
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Image: Hassle Free Clean

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Comply or defy? Enforcement lacking for HVAC regulations
By Andrew Gaved
There is a debate raging currently in the European HVAC community about the burden regulations have placed on the operators of cooling and heating equipment. For much of the legislation, the fundamentals are demonstrating individual and corporate compliance, via accreditation and the necessary training. But the argument that is troubling many is not the requirement to comply, but rather the fact that compliance is not being properly enforced by the authorities.
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OSHA official: Further increase in construction deaths likely; triggered by uptick in activity, less-experienced workers
Equipment World
If it seems like you're hearing about a lot more construction-related deaths lately, you're not alone. Anyone who pays close attention to news concerning the industry has likely noticed reports of construction worker deaths in the U.S. have come across the wire at a consistent click so far this year. Officials with the Occupational Health and Safety Administration have taken notice as well.
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Let's work together.

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Controlling Liabilities through Proper RFP Creation
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Watch out for these 3 common electrical safety hazards
By Joe Tedesco
Proper electrical installations are a crucial part of any construction or remodeling effort — whether that's in the home, a commercial setting or a large industrial complex. However, it's not hard to find instances where shortcuts have been taken that violate electrical codes and safety.
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Energy retrofits could reach $1 trillion by 2023
GlobeSt.com
Energy efficiency retrofits on commercial buildings domestically and internationally will total nearly $1 trillion between now and 2023, says Navigant Research, headquartered here. Regulations mandating such retrofits are one factor behind the estimated $959 billion in expenditures, but by no means the only one, says Navigant.
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  FEATURED COMPANIES
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To find out how to feature your company in the PRSM eNewsletter and other advertising opportunities, Contact Geoffrey Forneret at 469.420.2629.
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French shopping center owner Klépierre to buy Dutch rival in $9.7 billion deal
The New York Times
Klépierre of France has conditionally agreed to acquire its Dutch rival Corio in a deal that would create the largest owner of retail shopping centers in Europe. The all-stock deal would value Corio, a real estate investment trust, at 7.2 billion euros, or about $9.7 billion.
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Etsy's phase 2 involves brick-and-mortar stores
New York Magazine
Etsy did $1.35 billion in sales last year, but the massive platform isn't stopping there. Racked reports that the company is rolling out a series of new initiatives. While it remains firmly committed to all things crafty and twee (CEO John Dickerson's office features "perfectly arranged succulents and geode coasters"), Etsy has made a publicity push that includes airing TV commercials (in the U.K.) and debuting subway ads (in Toronto).
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PRSM Weekly
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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