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Kohl's as recession winner emerges to acquire rivals
Bloomberg Share    
Kohl's Corp. is making the most of its rivals' woes. The
fourth-largest department-store chain is accumulating cash to grab locations abandoned by shrinking or defunct retailers, said Chairman and Chief Executive Officer Kevin
Mansell. Any store takeovers would come on top of as many as 25 new locations Kohl's already plans to build for next year at a cost of about $275 million, he said.
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Retail industry group predicts small rise in holiday sales
Chicago Tribune Share
A retail industry report predicts holiday sales will rise
by
about 1 percent or slightly higher, marking one of the first positive holiday forecasts this year. The International Council of Shopping Centers, a New
York-based trade association for the shopping center industry, forecast sales at major chain stores, excluding Wal-Mart Stores Inc., will rise 1 percent for
the combined months of November and December and gain 1.5 percent for the extended November-through-January season.
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For food retailers, LEDs light the way to energy savings, higher sales
Environmental Leader Share
A significant increase in utility
rebates, a steady rise in
electricity costs and the Obama administration’s funding earmarked for energy-efficiency projects makes it the best time for food retailers to upgrade to LED lighting in the U.S. At least one retailer is ahead of the game on LED adoption. Star Market, which is owned by Supervalu, opened its first all-LED store this week, reports Supermarket News. Supervalu claims the store, which is in Mass., will be the first supermarket
location to exclusively feature LED lighting throughout the store
and parking lot. More
7-Eleven store owners battle credit cards' swipe
fees
The Wall Street Journal Share
Dozens of
7-Eleven store owners, in a gambit to call
attention to credit cards' swipe fees, gathered in Washington to present Congress with 130 boxes containing nearly 1.7 million signatures in favor of lowering the fees. The franchisees joined 7-Eleven Chief Executive Joe
DePinto and House Democratic lawmakers on the U.S. Capitol grounds to argue the petition drive showed consumers were also frustrated with the fees, which have
fueled a major spat between credit card companies and retailers.
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Blacks Leisure to close 89 stores
Retail Week Share
Blacks Leisure is to shut 89 of its loss-making stores and
cut jobs at its head office as part of a restructuring. The outdoor specialist described the 89 shops due to close as a
"considerable drag" on the outdoor division, which has traded profitably over the last two years.
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U.S. retail landlords less willing to negotiate
Reuters Share
While retailers are likely to face another tough holiday
season, it may be much more difficult for them to extract any concessions from their landlords to help ease the ride, a top restructuring expert said. Earlier this year, as some retailers were on the cusp of bankruptcy, many demanded that
landlords reduce their rent, saying they could not survive without
such concessions.
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Woolworths set to relaunch as Alworths
Brand Republic Share
A plan by former Woolworths directors to relaunch the store
under a new name has come to fruition with three stores branded 'Alworths' set to open, according to a
report. The Independent claims the plan is to launch 50 stores, which will be Woolworths in all but name.
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Bass Pro Shops doubles as
tourist attraction
RetailWire Share
Many retailers talk about making the shopping experience
more
entertaining for consumers. For Bass Pro Shops, fun doesn't even begin to explain the experience as the chain has grown into a major tourist attraction on its own. The chain's stores in the U.S. and Canada, which are part museum, aquarium, art gallery and conservation-education center in addition to retail store, are expected to draw roughly 100 million visitors this year.
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Retailers embrace language of youth
Canwest News Service via The National Post Share
A funny thing happened when Nathalie Balfour posted an
article about her job description on the company blog. Within days, the public relations supervisor for Lululemon Athletica in Vancouver received dozens of responses from all sorts of interested parties. "It was so interesting to see how quickly doing that blog turned into a conversation
with people
within the company and externally," she says.
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Sony puts games in your pocket
Forbes Share
Apple offered you 1,000 songs in your pocket. Now Sony wants
to put up to 50 games or
more there. Sony's newest handheld gaming system, the PSP "Go," made its U.S. debut this week. What Sony calls its "smallest and mightiest PSP system
yet," the PSP Go has a 3.8-inch LCD screen, weighs 5.6 ounces, has 16 gigabytes of flash memory (and another 16 GB with a memory stick).
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Retailers make small advances into the world of carbon footprinting
STORES Share
Savvy Wal-Mart shoppers can evaluate a price tag in a
nanosecond. Within the next few years, executives at the world's largest retailer are betting that customers will become just as discerning when it comes to labels that provide data about a product's carbon footprint, water
usage and waste.
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