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Nike concept store in China totally built with trash
Green Retail Decisions
Nike's newest concept store in Shanghai, China, has been built 100 percent with trash, including soda cans, water bottles and old DVDs and CDs. Designed and built by Miniwiz Sustainable Development Ltd., a Taiwanese firm, the building used 5,500 soda cans, 2,000 PET water bottles and 50,000 old CDs and DVDs, the firm claimed.
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Retail 2020: 7 trends impacting brick and mortar retailers
Chain Store Age
The retail industry is in the midst of a massive transformation driven by consumers' adoption of digital technologies. By 2020, the retail landscape will have fundamentally changed how every retailer will go to market. No segment of retail will be more impacted than the brick-and-mortar store.
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Report: USA's top 10 fastest-growing retailers
24/7 Wall St. ia USA Today
While optimism about the economy fell slightly in August, consumer sentiment remained close to its six-year high. During the recession, Americans were reluctant to spend more than they had to. This dealt a serious, and sometimes lethal, blow to many of the country's large retailers. Yet as consumers return to the stores, some retailers have grown substantially. According to data provided by the National Retail Federation's publishing group STORES Media, Apple stores and iTunes' sales grew nearly 35 percent between 2011 and 2012, more than double AT&T, the second fastest-growing retailer.
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3-D printing impacts facilities maintenance today
PRSM
If a company can apply a new technology to get the edge on its competition, the rest of the market has little choice but to follow. Companies that are currently experimenting with 3-D printing predict this new technology will end up revolutionizing the facilities maintenance industry, in the not too distant future.
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DSW looking at smaller stores as it continues expansion march
Columbus Biz Insider
DSW Inc. may get bigger by being smaller. The Columbus-based shoe retailer this fall plans to test a store format that is roughly half the size of the DSW you're used to shopping. The test stores will be around 10,000 square feet; the average DSW is 22,000 square feet.
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How adopting energy management strategies helps retailers be more energy efficient
FacilitiesNet
Retail has it rough. At least when it comes to energy management. Individual facilities in a portfolio can be numerous and widespread. Lease arrangements can indirectly disincentivize energy efficiency strategies or make incentives like tax rebates enjoyed by other commercial property types wholly unavailable.
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Ikea purchases Irish wind farm
Green Retail Decisions
Ikea has closed a deal to purchase a 7.65 megawatt Carrickeeny Wind Farm from Mainstream Renewable Power. Mainstream commenced construction of the project located in Leitrim in Northwest Ireland and it is expected to be operational in early 2014 at which point Ikea will take ownership of the plant.
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Chattanooga, Tenn.-based CBL sells 3 malls
Chattanooga Times Free Press
In its single biggest, one-day sale of retail properties, CBL & Associates Properties Inc. said it sold shopping malls in Nashville,Tenn., Athens, Ga., and Panama City, Fla. to an Atlanta-based investment firm, Hendon Properties, for $176 million.
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Saks Fifth Avenue to relocate Houston Galleria flagship
Chain Store Age
Saks Inc. will open a new flagship store immediately adjacent to its existing location in the Houston Galleria, featuring 198,000 sq. ft. over two levels and a state-of-the-art store design. The current store will remain open until the new store opens in fall 2015. Once the old store closes, it will be converted to a two-level mall wing connecting the new Saks to Neiman Marcus and adding 35 retailers and restaurants.
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Energy leaders plan to invest more in efficiency next year
Today's Facility Manager
According to a newly released Schneider Electric Survey, 43 percent of energy leaders say their investment in energy efficiency next year is projected to be more than it was last year. Additionally, 22 percent said their projected investment would stay the same, and 10 percent reported their investment would be less than last year.
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Dollar General beats estimates with record results
Chain Store Age
Dollar General reported record net income and sales for the second quarter of this year. In addition, same-store sales growth beat analyst estimates by almost a full percentage point.
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Phoenix's Town & Country shopping center creating new vibe with old charm
Phoenix Business Journal
Two years after partnering with RED Development, the Shops at Town & Country has finished the first phase of its long-term revitalization process. The center, located in the heart of the Camelback Corridor in Phoenix, has grown to become one of the most sought-after retail destinations in Phoenix, according to Robyn Young, executive vice president of marketing and communications at RED.
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Sprouts wins by flipping the margin model
Supermarket News
Supermarket News has selected Sprouts Farmers Market as the winner of its 2013 Retail Excellence Award — the first time a nontraditional food retailer has received the award. Sprouts was chosen by SN's editorial staff based on the company's strong financial performance, its aggressive growth and its bold re-thinking of the supermarket model to position itself on the leading edge of some key consumer trends.
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More change coming at Big Lots
Retailing Today
Big Lots overcame a 2.2 percent same store sales decline at its U.S. stores to post better than expected second quarter earnings, but indicated full year profits could be below the prior year.
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Walgreen sales climb in August as fewer customers spend more
Chicago Tribune
Walgreens Co. said that its sales rose 5.6 percent in August, as an increase in customers’ average purchase offset a decline in store traffic overall. Sales last month totaled $6.17 billion from $5.84 billion in August 2012.
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Cash dividend on the way from Kohl's
Forbes
Looking at the universe of stocks we cover at Dividend Channel, Kohl's Corp. will trade ex-dividend, for its quarterly dividend of $0.35, payable on Sept. 25. As a percentage of Kohl's recent stock price of $52.12, this dividend works out to approximately 0.67 percent, so look for shares of Kohl's Corp. to trade 0.67 percent lower — all else being equal — when KSS shares open for trading on Sept. 9.
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