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Education and Events    Resources    News and Publications    Get Involved    Membership    About PRSM Dec. 9, 2011


Lennox Industries Inc.
EMCOR Group
RSM Maintenance
Cheery prospect for holiday sales
Consumer Reports    Share   Share on FacebookTwitterShare on LinkedinE-mail article
Despite flagging confidence and a weak employment picture, the holiday season is off to a good start with excellent retail activity in November and the prospect of a strong December. After several years of reining in spending, consumers are in the mood to splurge this holiday season. November activity was up substantially over last year. The Retail Index for December was 13.9, up from 12.4 a year ago. Planned spending for December is also strong at 12.7, compared to 11.8 last year. More



JC Penney buying stake in Martha Stewart Living
The Associated Press via Google News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Department store chain J.C. Penney Co. is looking to homemaking doyenne Martha Stewart as it takes one big step toward re-imagining itself under its new CEO, a former Apple Inc. executive. "A store has to be much more than the products that it sells," Ron Johnson said in an interview with The Associated Press. "That's what I learned from Apple. You can really move product and change and enrich people's lives." More

PacSun to close up to 200 stores
Los Angeles Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Teen retailer Pacific Sunwear of California Inc., hoping for a financial turnaround after a three-year slump, said it plans to close as many as 200 of its weaker-performing stores around the country. The Anaheim, Calif.-based company known for its surf- and skate-inspired apparel also said it had secured $160 million in financing for its overhaul, even as it reported its 13th straight quarterly loss, of $17.6 million. That compares with a $6.96-million loss in the same period a year earlier. More

Huge Apple store opening at New York's Grand Central
The Associated Press via USA Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
One of the world's largest Apple stores is opening at Manhattan, N.Y.'s Grand Central Terminal. The 23,000-square-foot store is one of the world's largest Apple stores. Visitors to the landmark train station can buy personal electronics without the help of a human being. They just slide an iPhone across a product's bar code and grab the item. The receipt comes by email. More

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What to expect from retailers this holiday season
U.S.News & World    Share    Share on FacebookTwitterShare on LinkedinE-mail article
So far, most signs point to a very merry holiday season for retailers and shoppers alike. Early numbers from the National Retail Federation show that shoppers spent almost $400 apiece on Black Friday weekend, up from $365 last year. Surveys also indicate that the spending will continue through December; the NRF expects overall holiday sales to increase 2.8 percent over last year. More

IKEA to grow company's US solar presence to 75 percent with plans to install solar panels on all 10 locations in Southern US
BusinessWire via MarketWatch    Share    Share on FacebookTwitterShare on LinkedinE-mail article
IKEA, the world's leading home furnishings retailer, announced plans to install solar energy panels on 10 additional United States locations — its entire presence in the Southern U.S. Pending governmental permits, installation can begin this winter, with completion expected in Summer 2012. Collectively, the nine stores and one distribution center will total 10.7 megawatts of solar generating capacity, nearly 45,360 panels, and a projected annual electricity output of 15,248,334 kilowatt hours. More



US now has more dollar stores than drugstores
MainStreet    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Dollar stores are taking over the nation. According to a new report from real estate services company Colliers International, the four big national chains – Dollar General, Dollar Tree, Family Dollar and 99 Cents Only stores — currently operate approximately 21,500 locations in the U.S. More

REI makes New York City debut
BusinessWire via MarketWatch    Share    Share on FacebookTwitterShare on LinkedinE-mail article
REI has opened its first-ever store in Manhattan, N.Y., in the landmarked Puck Building in SoHo. The 35,000-square-foot space has been carefully restored to honor the brand’s nearly 75-year heritage and the building's more than century-old history. More

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Supervalu, Walgreens sign on to Obama's Better Buildings Challenge
Drug Store News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
President Barack Obama announced nearly $4 billion in combined federal and private-sector energy upgrades to buildings over the next two years. These investments will save billions in energy costs, promote energy independence, and, according to independent estimates, create tens of thousands of jobs in the hard-hit construction sector. Retailers Kohl's, Supervalu and Walgreens have joined the committed to invest nearly $2 billion of private capital into energy efficiency projects; and to upgrade energy performance by a minimum of 20 percent by 2020. More

The new food court
QSR    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Ever since the first farmers packed up their produce to sell in the town square, food has been an important part of the shopping experience. But lately, it seems the food is better than ever. At the Macy's in Chicago, celebrity chefs like Rick Bayless have set up shop with their own quick-service or fast-casual restaurants. In London, luxury department store Harrods boasts 30 restaurants ranging from casual to opulent. And these aren’t the only places beefing up their food offerings. More



Dollar General donates $100K for Toys for Tots
Retailing Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Dollar General announced that it is giving $100,000 to the U.S. Marine Corps Reserve Toys for Tots Foundation to support its efforts to provide toys to underprivileged children. More

The retail brilliance of Costco — Growth in a struggling economy
International Business Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
VideoBrief
Costco Whole Sale Corporation received its first fiscal quarter profit increase of 2.6 percent. Costco net profit rose to $320 million dollars, up from $312 million dollars. The business strategy of Costco provides items in bulk at low prices. Consumers in this economy gravitate toward discount retailers, making Costco the second largest general retailer in the U.S.
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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.
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Forever 21 commits to opening 3 stores in China
Los Angeles Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Cheap-chic retailer Forever 21 Inc. is opening a flagship store in Beijing, part of the company's plan to reenter the world's largest emerging consumer market. The Los Angeles clothing maker committed to opening a 24,000-square-foot space next year in a multistory mall in Wangfujing, the Chinese capital's central shopping district. Two additional stores, in Shanghai and Hong Kong, are also expected to open in the first half of 2012. More

IKEA ups stakes in retailing war in Ottawa
The Ottawa Citizen via The Vancouver Sun    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The opening of IKEA's new Ottawa location is a sign that the Swedish furniture seller is raising its defences and preparing for a looming retail "battle royale," according to industry experts. The store, which is more than 427,000 square feet in size (about four times the size of the average Walmart) and the largest IKEA in Canada, will help it to better prepare for the arrival of Target and other American brands, according to Barry Nabatian, an analyst with Shore Tanner and Associates. More



Banana Republic arrives in Paris
The Wall Street Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The American invasion of French fashion continues with the arrival of Banana Republic's first store in France. Gap Inc.'s high-end offering joins Parisian outposts of chains such as Abercrombie & Fitch, Tommy Hilfiger and Michael Kors, which have all opened flagships within the past year. Banana Republic is neighbors with Abercrombie and Tommy on the Champs Elysées shopping drag. British retailer Marks & Spencer just opened its first French store up the street from Banana. More

Urban retail continues its evolution
Retail Traffic    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Cities like New York, Boston and Washington, D.C. have been successful at integrating retail into the urban mix by embracing the vertical integration of traditional shopping center retailers. But is the market oversaturated? A panel of eight national retailers and developers speaking at the International Council of Shopping Centers' New York National Conference and Deal Making, held on Dec. 5-6, agreed that, for a wide variety of reasons, urban retail "is not the last frontier, but an evolving and continuing one," in the words of moderator Ken Narva, co-founder and managing partner of Street Works, a White Plains, N.Y.-based development and planning consultancy. More
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