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PRSM Association hosts largest-ever Mid-Year Conference
More than 500 Retail Facilities Maintenance Professionals attended
PRSM
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Professional Retail Store Maintenance Association (PRSM) Members rallied at their annual Mid-Year Conference this week in New Orleans for idea exchange, peer networking, business development and education increasing the value of the Facilities Management profession across the Retail Industry. Focused on the Tools of the Trade needed to be a successful FM professional, nearly 500 FM Professionals and vendors from across North America filled main sessions and educational meetings led by retail industry experts. More



Merchants reroute in anticipation of union strike
USA Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Must-have items for the holiday shopping season could be delayed coming to store shelves if the threat of a strike by the International Longshoremen's Association becomes a reality when the union's contract expires Sept. 30. Some merchants have already acted on backup plans in anticipation of negotiations between the ILA and managing group United States Maritime Alliance failing to produce an agreement, says Jon Gold, vice president of supply chain and customs policy for the National Retail Federation. A strike would hit retailers during peak holiday shipping season. More

American retailers face challenges in expanding to Canada
The New York Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Nordstrom and Target are about to open stores in Canada, J. Crew and Tory Burch just did so, and Ann Taylor and Kate Spade are scouting locations. American retailers extending their reach northward seems like the most obvious of moves. But until recently, the Canadian market was hard to crack for many companies. The Canadian dollar was weak, costs were higher, and with limited real estate development, it was difficult to find space. More

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Kohl's to hire almost 53,000 seasonal workers for holidays
Los Angeles Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Kohl's Corp., one of the largest department store chains in the country, said it will hire more than 52,700 holiday workers for the 2012 holiday shopping season, the busiest of the year. That’s 10 percent more seasonal workers than it hired last year, according to the Wisconsin-based company, which expects an average of 41 temporary employees for each of its more than 1,100 stores nationwide. More

Growing restaurant chains flock to malls
The Wall Street Journal (subscription required)    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Vacant Circuit City Stores Inc. locations, Home Depot Inc. parking lots and excess space in Sears Holdings Corp. stores are finding new life as restaurants in a sign of how the sluggish economy is reshaping the commercial landscape. Darden Restaurants Inc. has been opening Olive Gardens in closed supermarkets, Circuit City stores and motels, and placing its LongHorn Steakhouses in erstwhile Blockbuster Inc. outlets and Borders Group Inc. bookstores. More


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Nearly 50 percent of CFOs say sustainability is key driver of financial performance
Environmental Leader    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Nearly one half of CFOs see sustainability as a key driver of financial performance and two-thirds are involved in driving strategies in their organizations, according to a global Deloitte survey of 250 CFOs, representing companies with greater than $1 billion in annual revenue. More

How the entry of Walmart and big retail chains will change India
TIME    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Has Manmohan Singh got his mojo back? The Indian Prime Minister has recently suffered the indignity of being called 'overwhelmed and out of steam' in the Indian magazine Caravan; a "dithering, ineffectual bureaucrat" by The Washington Post; and an "underachiever" on the cover of TIME. And yet, there he was on Sept. 14, boldly pushing a major economic reform that would open up India's vast retail market to greater participation by foreign companies. Singh tried the same move last fall, only to be shouted down by populists within his coalition, who threatened to bring down the government, claiming that the measure would threaten the livelihood of small shopkeepers. Unable to make his case, Singh backed down. This time, he all but dared them to call his bluff. Who's dithering now? More



Boston, Houston and Los Angeles will experience rent increases for class-A space in 2013
Retail Traffic    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Washington, D.C. and Las Vegas may be among the most expensive cities for class-A shopping center rents in the Americas at the moment, but going forward, retailers will see the greatest spikes in rental rates elsewhere, according to Cushman & Wakefield's and ICSC's recently released Global Shopping Center Report. More

5 reasons why J.C. Penney's Ron Johnson will reinvent retail … again
Forbes    Share    Share on FacebookTwitterShare on LinkedinE-mail article
J.C. Penney CEO, Ron Johnson, has seen the movie before and he loves the way it ends. You know which movie we're talking about — the one about the underdog who nobody believes in. In 2001, the protagonist was played by the Apple Store with Ron Johnson as its director. More

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Stores achieve success by design
RetailWire    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Back in February, Matt Shay, president of the National Retail Federation, said, "2012 is all about the customer." Shay's comments came out of findings from the Benchmarks for 2011, Forecasts for 2012 report by the NRF Foundation and KPMG LLP, which discovered a renewed commitment by merchants to engage shoppers through a variety of customer-centric initiatives. While much of the report focused on capturing opportunities across a variety of sales channels using digital tools, it is also clear that technology combined with store layout and design can have a profound effect on merchants' top and bottom lines. More

IKEA is planning to open stores like crazy around the world
Business Insider    Share    Share on FacebookTwitterShare on LinkedinE-mail article
IKEA, the Swedish furniture and home decor chain, is doubling the pace of new store openings by 2020 as it hopes to capture Chinese consumers. The retailer plans to open about 25 stores a year compared with the current goal of six to 12, report Jens Hansegard and Anna Molin at The Wall Street Journal. More


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JLL predicts global retail real estate boom
International Council of Shopping Centers    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Global annual investment in retail real estate development could reach $180 billion by 2020, a 50 percent increase on 2012 volumes, according to a Jones Lang LaSalle report released at ICSC's Retail Real Estate World Summit, in Shanghai. Moreover, retail will make up 30 percent of all the money invested in real estate development for the rest of the current decade, up from 24 percent during the previous decade, says the report. More

Publix supermarkets to enter Charlotte, NC, market
Charlotte Business Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Publix Super Markets Inc. has signed a lease for a store in Ballantyne, the first North Carolina grocery store for the Lakeland, Fla.-based company. Publix also is establishing a division based in Charlotte, N.C. The store, at 56,000 square feet, will be near the upper end of store sizes the grocer operates. More



Macy's NYC flagship getting $400M makeover
The Associated Press via The Wall Street Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A $400 million makeover is giving New York's iconic Macy's store a sleek, new 21st-century style. And some preservationists aren't happy about it. They see the overhaul of America's biggest department store as scrapping classic Beaux Arts and Art Deco touches in favor of the latest trend in retail design — something like an Apple computer store. More

Walgreens to shutter certain USA Drug-affiliated stores
Drug Store News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Walgreens announced plans to close more than half of the stores it is acquiring in its deal with USA Drug. The company — which said in July it would purchase the mid-South drug store chain for approximately $438 million — confirmed it would close approximately 76 stores across the region. USA Drug operates 144 stores under the USA Drug, Super D Drug, May's Drug, Med-X and Drug Warehouse banners. More

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AutoZone cost cutting drives bigger profit, stock gains
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
AutoZone Inc. posted a quarterly profit ahead of market expectations as it managed to expand margins even as the lingering aftermath of a mild winter took a toll on sales. Shares in AutoZone, the largest U.S. auto parts retail chain, rose 5 percent to $375.40 on the New York Stock Exchange after it reported margins expanded to 51.8 percent in the quarter from 51.2 percent a year earlier. More

Survey: Canada is land of opportunity
Chain Store Age    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Survey results released by WSL/Strategic Retail found that Canada represents a strong expansion opportunity for U.S. retailers. The "How Canada Shops" research study revealed that 64 percent of Canadians can still afford to shop beyond the basics — versus half of Americans, who say they cannot.

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99 Cents Only amps up sustainable efforts in Southern California
Retailing Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
99 Cents Only has leased 40 new compressed natural gas-powered tractors from Ryder. The new CNG trucks will operate exclusively in the Southern California market, making store deliveries and picking up goods from vendors. As part of its full-service lease, Ryder will provide both the CNG tractors, as well as maintenance for the vehicles. The chain said the tractors will replace its oldest diesel burning units with cleaner CNG rigs, making it one of the largest private Class-8 CNG fleets in Southern California. More

Waste management CEO: Recycling will get easier as technology advances
Waste & Recycling News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Recycling, by 2020, won't look a whole lot like what it does today, Waste Management Inc.'s CEO believes. Just like the transformation in the industry during the past several years as single-stream recycling has taken hold, CEO David P. Steiner says there will be more transformation that will make life easier for those who recycle. The year 2020 will be an important year for the Houston-based solid waste management giant as the company continues to work on a series of environmental goals established for that date set way back in 2007. More



Target, Walgreens sport top retail apps for Apple's new iPhone 5
Retailing Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
As consumers anxiously await the debut of Apple's iPhone 5, two retailer applications — both of which were both updated Wednesday — rank among the top 20 "bestsellers" free apps as ranked by Apple. Target ranks No. 8 overall and Walgreens No. 10. More


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PRSM Weekly
Colby Horton, Vice President of Publishing, 469.420.2601
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