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Education and Events    Resources    News and Publications    Get Involved    Membership    About PRSM Nov. 4, 2011

Freshco Retail Maintenance
Lennox Industries
The Guardian
Retailers report solid sales gains
in October

The Associated Press    Share   Share on FacebookTwitterShare on LinkedinE-mail article
Americans were shopping in October, but they spent at a slower pace than expected amid a barrage of bad economic news. October revenue at stores open at least a year — an indicator of a retailer's health — rose 3.7 percent, according to the International Council of Shopping Centers' tally of 25 retailers. But 13 of 19 retailers missed Wall Street estimates for October revenue, according to Thomson Reuters, including big merchants like Costco, Macy's, Saks and Target. The results reflect Americans' cautious spending habits. More

Toys R Us to buy 70 percent stake in Asia stores
The Associated Press via Bloomberg Businessweek    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Toys R Us Inc. said it will take a majority stake in its existing licensed stores in Asia, its latest move to bolster its presence abroad. The largest U.S. specialty toy seller said it entered into a joint venture agreement with Li & Fung Retailing, a Chinese retail operator, to own 70 percent of its licensed operations in Asia. Li & Fung will own the remaining 30 percent. The terms of the deal allow Toys R Us to eventually take over the remaining 30 percent of the venture. More

Why wait until Black Friday? Retailers tout big deals early
CNBC    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Black Friday is more popular than ever with holiday shoppers, but that isn't stopping retailers from trying to lure bargain hunters into the stores ahead of Thanksgiving. According to the retail industry trade group, the National Retail Federation, today's consumer has high expectations. They already expect retailers to offer low prices and strong promotions, but they also want to know what they're getting on top of that. More
Related stories: 
Target will kick off Black Friday earlier this year  (Business Insider)
Wal-Mart to leak its own Black Friday deals  (CNN)
Kohl's to bust open at midnight   (Milwaukee Journal Sentinel)

Syms and its Filene's Basement unit seek bankruptcy protection, closing 46 stores
The Associated Press via The Washington Post    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Discount retailer Syms Corp. and its subsidiary Filene's Basement have filed for bankruptcy protection and plan to close all 46 of their stores. Syms acquired Filene's Basement out of bankruptcy protection in the spring of 2009 for $62.4 million, but struggled to turn the chain around. This is the third bankruptcy protection involving the Filene's Basement chain. More

Canadian malls are the Target of expansion
The Gazette    Share    Share on FacebookTwitterShare on LinkedinE-mail article
As we gear up for the holiday season, a trip to the local Zellers will remind you that its days are numbered. Once the savior of some of the defunct Miracle Mart stores, Zellers will soon go the way of retailers of yesteryear: Consumers Distributing, Greenberg and of course Eaton's, to name a few. In case you missed it, Target Corp. announced in January that Target Canada acquired the leasehold interests of up to 220 sites operated by Zellers Inc., the Hudson's Bay Company's discount retailer. More

Make the Change. Go Green.
Freshco Retail Maintenance offers complete facilities maintenance and floor programs for large retail chains across Canada and in New England. We are proud to introduce our Green Mile Rebate Program where we provide a monetary kick back per service call. The rebate is based on gas savings created by using more fuel-efficient vehicles. For more information please visit or website at or call 866-353-7374. more

Big Lots has become a big-time user of vacant retail space
St. Louis Post-Dispatch    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Big Lots is becoming one of the most prolific users of vacant retail space in the St. Louis region. Add the former Ultimate Electronics store in Ballwin to the list of empty boxes it has now inhabited. In fact, this is the third local Big Lots store to open in the last year or so. And all of them have gone into spaces formerly occupied by a defunct retailer. More

CVS Caremark's higher profit tops expectations
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
CVS Caremark Corp posted a bigger-than-expected rise in quarterly profit as its pharmacy benefits business improved, and it expects this year's profit to be at the higher end of its prior forecast. More

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Costco installing more solar power systems
Environmental Leader    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Costco is expanding its solar power initiative at a number of their Southern California facilities with a combined rated output of 2.4 megawatts. PermaCity is now installing the systems, manufactured by Schott Solar, at Costco's La Habra, Westlake Village, Simi Valley and Culver City warehouses. At approximately 600 kW (DC) per location, the PV systems will be part of one of the largest privately owned, multi-site commercial PV systems in the U.S., according to PermaCity, and it continues to grow. More

Slide show: World's 10 largest shopping malls
Rediff    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Malls have become an inevitable part of the retail boom all over the world. Besides shopping, many malls offer the best entertainment and dining avenues to make shopping an enjoyable experience. For the record, four of the malls among the top 10 are in China. More

Cleaning Services Group, Inc.

Cleaning Services Group, Inc. is a full-service building services company servicing Office Buildings, Grocery Chains, Cinemas/Theaters, Financial Institutions, Medical Facilities, Educational Facilities & Universities, Commercial Properties, Retail Store Chains, Restaurants, Speciality Facilities, National Accounts, and Distribution Centers.

Analyst: Christmas toy shortages possible as nervous Canadian retailers delay orders
The Canadian Press via Winnipeg Free Press    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Christmas toy shortages are possible this year because retailers have cut back on inventories out of fear of a weak buying season, a Mega Brands analyst said. Montreal-based Mega Brands-maker of the popular Mega bloks building sets — is feeling the effects of this caution even though it recorded an eighth consecutive quarter of sales growth in the third quarter. More

Retail real estate pros laud Trader Joe's upsized aspirations
Retail Traffic    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Trader Joe's reported efforts to expand its store size are getting kudos from industry insiders. Officials from the offbeat grocery chain won't comment on the record about its current expansion strategy, but brokers on the ground say Trader Joe's has been looking at a lot of real estate recently, particularly in smaller big-box formats. More

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Why it pays to help holiday shoppers relax
Inc.    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Retailers typically use festive music and decorations to put customers in the giving spirit during the holiday shopping season. But according to a recent study, merchants might want to consider throwing in some back massages and pedicures. In the study, "Relaxation Increases Monetary Valuations," researchers found that when people are more relaxed, they are willing to spend more money. More
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