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Major mall vacancies declining
Press-Enterprise    Share    Share on FacebookTwitterShare on LinkedinE-mail article
As retailers begin to trickle back to shopping centers across the country, new data suggests that the regional malls, the largest destinations for shoppers, are doing a little better than smaller shopping centers. A report from SNL Real Estate found that the vacancy rates are declining for regional malls. SNL, using information compiled by commercial real estate information service Reis Inc., found that the vacancy rate declined in the third quarter, to 8.7 percent from 8.9 percent in the second quarter. More



USGBC opens LEED draft proposal to public comment
Environmental Leader    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The U.S. Green Building Council has opened the fifth public comment period to allow the building industry to view the most recent rating system in its proposed update to the LEED green building program. Comments on the proposed LEED v4 construction standards can be made on the USGBC website until Dec. 10. More

Walmart to grow neighborhood markets to 500 strong by 2016
Chain Store Age    Share    Share on FacebookTwitterShare on LinkedinE-mail article
In its annual meeting with analysts, Walmart Stores U.S. president Bill Simon said the retailer would accelerate small-store growth to compete with dollar stores and drug stores, and announced plans to have 500 Neighborhood Market stores and 12 Express stores by fiscal 2016. "This gives us the opportunity to build more stores for less money," Simon said. Walmart currently operates 217 Neighborhood Markets and 10 Express stores. More
Related article:
Same-day delivery test at Walmart (The New York Times)


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Retail container imports to increase 9.9 percent in October as stores stock up for holiday season
National Retail Federation    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Import cargo volume at the nation's major retail container ports is expected to increase 9.9 percent in October as merchants wrap up the annual shipping cycle for holiday merchandise, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates. More

More retailers object to credit card settlement
The Associated Press via Google News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A group of retailers and trade groups has launched a last-ditch effort to stop a proposed multibillion-dollar settlement that Visa Inc., MasterCard Inc. and major banks have agreed to pay retailers for alleged fee fixing. Ten out of the 19 retailers and trade groups that are parties to the class-action lawsuit against the credit card companies say they're trying to block the deal because they believe it would allow the credit card industry to continue to take advantage of merchants and their customers while stopping competition. More


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Costco profit rises on higher membership fees
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Costco Wholesale Corp. posted a higher-than-expected quarterly profit after the U.S. warehouse retailer raised membership fees. Costco, which has millions of members who pay annual fees to shop at its giant stores, earned $609 million, or $1.39 per share in the fiscal fourth quarter ended Sept. 2, compared with $478 million, or $1.08 per share, a year earlier. More
Related story:
Shopping list: Tuna, detergent, a Warhol (The New York Times)


Halloween sales expected to rise to record $8 billion
Memphis Business Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
With Halloween just a few weeks away, retailers are likely to see a 10.7 percent improvement on sales of costumes, candy and decorations compared to 2011, according to market analyst IBISWorld. Since Halloween spending hit an alarming low in 2009, dropping 17.5 percent to under $5 billion, sales have improved each year. More



Facebook's new retail push allows users to hit 'buy'
CNBC    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Facebook has quietly started testing another feature that could help turn the company into an online retail powerhouse. It is called "Collections" and will help retailers share their products on the social network — and for the first time allow users to click through and BUY products through Facebook. More

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How Canada's retailers discounted the rise of the dollar store
The Globe and Mail    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Retailers bracing for next year's arrival of U.S. discount juggernaut Target Corp. face a more immediate threat: the lowly dollar store. The fastest-growing sector in Canadian retailing, dollar stores are forcing mainstream merchants, ranging from discounter Walmart Canada Corp. to generalist Canadian Tire Corp., to step up their own dollar promotions. More

Walgreens recognized by EPA for supply chain leadership
Retailing Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Walgreens received the U.S. Environmental Protection Agency's 2012 SmartWay Excellence Award, the organization's highest recognition for demonstrated leadership in supply chain goods movement. The award — recognizing Walgreens as an industry leader in freight supply chain efficiency, performance and environmental sustainability — was announced at the American Trucking Associations Annual Management Conference and Exhibition in Las Vegas. More


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99 Cents Only Store looking for retail space on Rodeo Drive
in Beverly Hills, Calif.

The Huffington Post    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The deep-discount retailer 99 Cents Only Stores announced that they were setting their sights on Rodeo Drive in Beverly Hills, Calif. as the next location for their newest store. That's right — Rodeo Drive, where three blocks of couture fashion boutiques sell suits for tens of thousands of dollars. More



Is sustainability here to stay? What retailers think
Green Biz    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Retail suppliers are hearing a lot about sustainability lately. Recent news include the Sustainability Consortium, Walmart's Sustainability Index, the Sustainable Apparel Coalition and other major industry initiatives. But given a history of industry plans and programs which proved to be more trendy than durable, suppliers might be forgiven for wondering, "Is this just another fad, or something we should take seriously?" Green Biz found answers at three large U.S. retailers. More

Starbucks CEO sees adding 1,000 US stores in 5 years
Bloomberg    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Starbucks Corp. Chief Executive Officer Howard Schultz said his company plans to add 1,000 stores in the U.S. in the next five years. The locations, which will employ about 20 workers each, could add a total of 20,000 jobs, Schultz said in an interview in Houston. Schultz, 59, also said he has no plans to retire and still has a lot to accomplish at the company he has been with for more than two decades. More

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Sears expects $446.5 million in proceeds from offering
The Associated Press via Chicago Sun-Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Sears expects to receive about $446.5 million in gross proceeds from an offering tied to the spinoff of its Hometown and Outlet stores. Sears Holdings Corp. had signaled in February that it would split off the companies as a separate publicly traded entity. More


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Right time: Struggling economy means boom times
for discount grocer Aldi

TIME    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The newest grocery store in Manhattan, N.Y., has less than half the selection of a typical supermarket, and features brands you’ve never heard of. And the grocery chain in question, Aldi, is enjoying a remarkable success streak, with new locations and rising profits both in the U.S. and around the globe. More

Walmart makes big push in Canada
Drug Store News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Walmart Canada is stepping up its presence in the country this month with the opening of the most stores in the company's history. By the end of October, the company will complete 30 real estate projects. More



India's embrace of foreign retailers
The New York Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A long-festering controversy about whether India should allow foreign retailers like Walmart into the country has often been cast as a battle between millions of small shopkeepers and large corporate interests. But in much of the country, including in this eastern city, the issue often divides Indians as much by age as by their livelihoods. More


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PRSM Weekly
Colby Horton, Vice President of Publishing, 469.420.2601
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