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NRF: US shoppers plan to increase holiday spending by 1 percent
Bloomberg    Share   Share on FacebookTwitterShare on LinkedinE-mail article
Americans will increase holiday-season spending by 1 percent this year as they shop less at discounters and focus more on quality and service, a trade group said. U.S. consumers plan to spend an average $688.87 on holiday-related shopping, more than last year's estimated $681.83, according to a survey conducted for the National Retail Federation by BIGresearch. More

PRSM    Share    Share on FacebookTwitterShare on LinkedinE-mail article
PRSM Association Board President Paul Walsh and Executive Director Patricia Dameron will present best practices employed by the nation's leading retailer and suppliers fostering operational efficiencies and cost savings for their stores during a PRSM LIVE session at ISSA INTERCLEAN. More

Kohl's Department Stores recognized as 2010 EPA Green Power Partner of the Year Retailer
Business Wire via CNBC    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Kohl's Department Stores will be recognized tonight with its second Green Power Partner of the Year honor at the Green Power Leadership Awards held in Portland, Ore. as part of the annual Renewable Energy Markets Conference. The Green Power Partner of the Year award recognizes partners who distinguish themselves through their green power purchase, leadership, overall strategy and overall impact on the green power market. More

Payless to open stores in Mexico, Indonesia, Malaysia and Singapore
Retailing Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Collective Brands announced that its Payless ShoeSource unit has signed two new franchise deals to bring the Payless retail chain to new international markets beginning next year, including opening Payless stores in Mexico, Indonesia, Malaysia and Singapore. Payless ShoeSource has signed a multi-year franchise deal with Grupo Axo, a new strategic partner headquartered in Mexico City, to bring the Payless retail chain to Mexico beginning late next year. The two companies said they expect to open 41 stores in the next three years and that they believe the Mexican market can support more than 300 stores in the long term. More

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Tractor Supply Q3 profit rises; Lifts fiscal year 2010 outlook
RTTNews    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Retail farm and ranch store chain Tractor Supply Company , reported its profit for the third quarter increased from a year ago as sales grew 10.9 percent. Looking ahead, the company raised its fiscal year earnings and sales forecast. Tractor's net income for the third quarter was $32.0 million or $0.43 per share, compared to $22.0 million or $0.30 per share in the prior year's third quarter. More

Apple's retail stores vs. Disneyland
The Atlantic    Share    Share on FacebookTwitterShare on LinkedinE-mail article
On Apple's earnings call, you probably didn't catch that Apple set a new retail foot traffic record last quarter, what with all the iPad supply fears and Steve Jobs ranting. But they did: more than 74.5 million people went to one of the 317 Apple stores across the world. More

Darden expands to Middle East with franchise deal
The Associated Press via Bloomberg Businessweek    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Darden's Restaurants Inc. is working with Americana Group to develop and run its Red Lobster, Olive Garden and LongHorn Steakhouse brands in the Middle East. Terms were not disclosed. "The Middle East is an attractive, growing market that has shown a strong affinity for American brands, especially American dining brands," Darden Chairman and CEO Clarence Otis said in a statement. More

How Blockbuster failed at failing
TIME magazine    Share    Share on FacebookTwitterShare on LinkedinE-mail article
In retrospect, it seems obvious that the practice of driving to a store to rent a movie to watch at home was preordained to extinction. The surprise, and the business tragedy, is this: the company that delivers movies to 15 million doorsteps these days isn't Blockbuster — the retail chain that once dominated the industry — but an upstart, Netflix, that used little more than a website and knowledge of the postal service to topple a far more powerful and wealthy rival. More

IKEA, Clif Bar carpet property with solar panels
Greener Buildings    Share    Share on FacebookTwitterShare on LinkedinE-mail article
IKEA plans to install solar power systems totaling 4.5 megawatts of generating capacity at seven stores and a distribution center in California, bringing arrays to 90 percent of the chain's portfolio in the Golden State. IKEA disclosed its plans to expand the company's solar initiative. If the projects gain the appropriate permits, they can begin later this fall and be completed early next year, according to the company. More

Majority of online retailers expecting strong sales
this holiday season    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The holiday season may be merry and bright for online retailers, according to results of's eHoliday Study conducted by BIGresearch. Nearly two-thirds of retailers (63.8 percent) expect their company's online sales to grow by 15 percent or more compared to last holiday season, up from less than half of retailers (45.8 percent) who had those expectations last year. More

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Shoppers can flip through the pages of catalogs on their iPads
Internet Retailer Magazine    Share    Share on FacebookTwitterShare on LinkedinE-mail
Catalog aggregator website has taken 30 of its 675 retailer clients' catalogs to the iPad, creating an interactive experience for brands with an eye on reducing the number of paper catalogs shoppers request. And it plans to bring more of its retailers to the iPad on a daily basis. "With for iPad, you'll be shopping like never before, flipping through pages of your favorite catalogs. It’s like having a coffee table full of catalogs, all on your iPad, wherever you go," says president and co-founder Richard Linevsky. More

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    PRSM Weekly
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