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Retail limp with continued hot weather
UPI    Share   Share on FacebookTwitterShare on LinkedinE-mail article
Weekly U.S. chain store sales dropped in the week ending Aug. 21 for the fourth consecutive weekly decline, the International Council of Shopping Centers said. The trade group said that week-to-week sales fell 0.4 percent, while year-to-year sales for the week rose 2.3 percent. More



Dunkin' Donuts opens 338 net new locations in 2010
The Associated Press via Yahoo!    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Dunkin' Donuts opened 338 net new locations around the world in the first half of this year, including 75 in the U.S., the chain said. CEO Nigel Travis said the privately held company is expanding its presence in existing markets and entering new ones. Dunkin' Donuts said it has committed to 72 new developments in the U.S. More

IKEA Denver store will be first with geothermal system
SustainableBusiness.com    Share    Share on FacebookTwitterShare on LinkedinE-mail article
It will take less energy and money to make the IKEA store opening next year in suburban Denver feel pleasant when the sun bakes or when the snow drifts, thanks to 130 holes dug into the Earth, where the temperature remains about 55 degrees all year round. IKEA, the Swedish home furnishings retailer, has teamed with the U.S. Department of Energy's National Renewable Energy Laboratory to showcase and study the advantages of a geothermal heating system currently under construction in Centennial, Colo. More

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U.S. stores look north for school sales
The Financial Post    Share    Share on FacebookTwitterShare on LinkedinE-mail article
U.S. retailers are hoping to cash in on what's expected to be a solid back-to-school season in Canada, while predictions on their home turf are less than rosy. An estimate of a 4 percent to 5 percent climb in retail back-to-school sales in Canada represents a bounceback after an overall sales drop of 4 percent to 6 percent in categories such as apparel, electronics and other school supplies during the same period of 2009, according to Ernst & Young. More

Cost-cutting plans lift American Eagle
Pittsburgh Post-Gazette    Share    Share on FacebookTwitterShare on LinkedinE-mail article
American Eagle Outfitters shares rose almost 8 percent, after the South Side teen retailer laid out cost-cutting plans — including work force reductions and up to 100 store closures — and promised to respond faster to new fashion trends. The company also said back-to-school sales are up so far in August. That was the right message, according to analysts at Jefferies & Co. Inc., who put out a report mid-day predicting the company would be able to stop cutting its earnings projections and that the stock should start to trade higher. More



New hope for old malls
The Online Magazine    Share    Share on FacebookTwitterShare on LinkedinE-mail article
There is new promise for the nation's malls. A fixture throughout America's cities and towns for decades, the conventional mall is in a state of decline. It is possible to rethink yesterday's malls with a creative vision that will return them to their prominent place in communities and realize lasting social, cultural and economic value. For example, just this summer, the former Santa Monica Place in Santa Monica, Calif., was transformed into a new center that, while operated like a mall, feels and functions like a part of the city. More

Luring shoppers to stores
The Wall Street Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
It's Steven Spielberg's futuristic "Minority Report" come to life. Marketing companies are experimenting with a new wave of digital technologies to pitch to consumers while they shop: interactive dressing-room mirrors, kiosks with virtual customer-service representatives, and shopping carts and digital scanners that offer personalized discounts. These futuristic technologies are among the interactive tools on display at Interpublic Group of Cos.' new retail center at the advertising company's Media Lab in Los Angeles. More



Tampa and Denver markets
Drug Store News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Target has begun the rapid rollout of a new store format that puts a greater emphasis on fresh food and a more convenient, one-stop shopping experience. The chain unveiled the new, more food-intensive prototype at eight Target stores in the Tampa, Fla., area and five units in the greater Denver market. Those remodeled stores are part of a major store construction and overhaul campaign by the giant discounter, which now operates 1,743 stores in 49 states. Target announced it would unveil a total of 350 new and renovated stores by the end of 2010. More

Retail developer Edens & Avant buys 30th Washington-area shopping center
The Washington Post    Share    Share on FacebookTwitterShare on LinkedinE-mail
article
Edens & Avant, a national retail developer and operator, said it has purchased the Hunters Woods Village Center in Reston for an undisclosed price, an acquisition that brings to 30 the number of Washington area shopping centers owned by the company. "We are absolutely focused on investment in this market for the long term," said John Cocker, Edens & Avant's director of investments for the mid-Atlantic region. "And Hunters Woods is a great example of the product type that Edens & Avant would be interested in acquiring." More



Costco goes to the mall for growth
Retail Wire    Share    Share on FacebookTwitterShare on LinkedinE-mail article
In the past, Costco has opened the occasional club in a mall. Now, however, the company is making a push to put its stores in shopping center spaces that typically house department store anchors. Jeff Brotman, co-founder and chairman of Costco, recently told Dow Jones Newswires, the warehouse club operate is looking "to accelerate" mall store openings. Recently, Costco signed an agreement with The Westfield Group to open clubs at malls in Los Angeles, Sarasota, Florida, and Wheaton, Md. More


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