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Nike's retail expansion: 15th California store open and 250 to 300 new stores planned globally
Los Angeles Times    Share   Share on FacebookTwitterShare on LinkedinE-mail article
Nike Inc. has set in motion a plan to expand its global retail foothold by opening 250 to 300 new stores over the next five years. That expansion includes a Nike Factory Store that opened at the Citadel Outlets in Los Angeles. The new store is Nike's 15th factory store in California. Nike currently has 155 factory stores open in the U.S. Nike's expansion plan calls for a mix of discount-minded Nike Factory Stores in outlet malls and Niketown stores, which sell newer and exclusive items and are often found in upscale shopping centers, according to a statement from Nike. More



PRSM Webinar on Nov. 16 — Green, Lean and Clean Solutions for
Retail Facilities

PRSM    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Learn the current situation on energy insecurity, unstable fuel prices and greenhouse gas emissions and gain knowledge on how to develop on-site renewable sources such as biomass, solar and wind to generate their own sustainable power supplies.


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Consumers can show their support for small business
this holiday season

BusinessWire via Forbes    Share    Share on FacebookTwitterShare on LinkedinE-mail article
First there was Black Friday, then Cyber Monday. On Nov. 27 comes Small Business Saturday, a day to support the local businesses that create jobs, boost the economy and preserve neighborhoods around the country. Small Business Saturday is a national movement to drive shoppers to local merchants across the U.S. Joining American Express OPEN, the company's small business unit, in declaring the Saturday after Thanksgiving as Small Business Saturday, are an initial group of more than a dozen advocacy, public and private organizations. More

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Gap, its US sales tepid, joins the rush to China
The New York Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
With sales in the United States sluggish, one of America's best-known apparel brands — Gap Inc. — is joining the rush to enter China’s fast-growing consumer market. The retailer plans to open a flagship store followed this month by three other large outlets in Shanghai and Beijing, two of China's wealthiest cities. The company also expects to eventually add its other brands, like Old Navy and Banana Republic. More

In these lean days, even stores shrink
The New York Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Tom Shaw, the head of Anchor Blue, a clothing chain for teenagers, looked with approval at the 2,500 square feet of empty space that his company still rents. Foot traffic is up more than 7 percent, the chain says, and sales have increased nearly 23 percent since the trial remodeling last year. Anchor Blue is among a growing number of retailers thinking small — chopping off big chunks of stores or moving to more efficient spaces. The change reflects two trends in the retail world: Chains looking for new ways to cut costs in the sour economy, and consumers demanding a less sprawling shopping experience as they spend with greater purpose. More



A&P sells 6 properties
Supermarket News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A&P said it has agreed to sell six Pathmark locations to Winstanley Enterprises in a sale-leaseback transaction for $89.8 million. The stores are located in New York, Pennsylvania, New Jersey and Delaware. More

After 3 long years, families dining out again
CNBC    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Grab the crayons and the kids' menus, families are dining out again. Restaurant visits from families or parties with children in tow this past summer rose after three years of declining traffic, according to market researcher NPD Group. While this is a positive sign for both the restaurant industry and the overall economy, the gain was modest. More



Wal-mart Puerto Rico rolls back energy and maintenance costs
in parking lots

Business Wire via MarketWatch    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Wal-mart continues its run as a retail industry innovator with a 22-store, island-wide move to GE Evolve LED Area Lights in Puerto Rico. The completed project is expected to save up to 48 percent of the electricity traditionally required to light its parking lots, while cutting maintenance costs by an estimated 75 percent. More

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Landry's buys Bubba Gump dining chain
San Antonio Express-News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Landry's Restaurants announced it acquired Bubba Gump Shrimp Co., a 32-unit casual dining seafood chain. It is the second acquisition for Landry's since the company went private last month. Also in October, Landry's bought the 40-unit Irvine, Calif.-based Claim Jumper Restaurants. Houston-based Landry's paid $120 million for the Bubba Gump chain, which previously had been owned by a private equity group, Landry's CEO Tilman Fertitta said. More

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    PRSM Weekly
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