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Survey: Consumers still have more than half their holiday shopping to do
Los Angeles Times    Share   Share on FacebookTwitterShare on LinkedinE-mail article
Christmas is right around the corner, but your gift might still be sitting at the mall.  In a survey, the National Retail Federation said the average person had completed just 46 percent of their holiday shopping by the second week of December. Thatís slightly less than the 47.1 percent completed by this time last year, according to the retail trade group, and the lowest percentage since 2004, when the average person had completed 46.3 percent of their shopping by the same point. More

Super Saturday expectations high for U.S. retailers
Reuters via ABC News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Bargain-hunting shoppers are expected to flood stores on "Super Saturday" weekend ó the last before Christmas ó and deliver retailers the highest holiday weekend sales so far this season. But many industry experts doubt whether the final weekend hurrah will generate enough business to push overall holiday sales above the dismal tally from last year, when the global economy was in free fall, shoppers were panicked about their savings and jobs and retailers were forced to dump excess merchandise at rock-bottom prices. More

Price Chopper makes $54M bid for 22 P&C stores
The Business Review (Albany)    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Golub Corp. wants to extend its reach in central and northern New York by purchasing 22 P&C supermarkets for $54 million and converting them into Price Chopper stores. "It would be a significant piece of growth for us and something we would covet," said Neil Golub, president and CEO of the Rotterdam-based chain. "It's a great opportunity, and we can do it in a very economical way." More

How do the best retailers stay on top? Spend Visibility.
You are invited to participate in a three part webinar series hosted by USM and The Aberdeen Group that explores how a holistic approach to real estate and facilities management has driven bottom and top-line decisions for the nation's leading retailers. USM's COO, Rob Fiske, and Aberdeen Group's VP of Global Supply Management Research, Andrew Bartolini, discuss how an integrated, lifecycle approach is the key differentiator for top-performing enterprises - resulting in greater visibility, more efficient management of space and lower costs. more

Another $1 billion in small business credit vanishes
CNN    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The small business credit crunch is still deepening: Major banks cut their small business loan balances by another $1 billion in October, according to a Treasury report released this week. The 22 banks that got the most help from the Treasury's bailout programs have decreased their small business lending by a collective $11.6 billion since April, when the Treasury began requiring them to file monthly reports. The banks' total lending has fallen 4.3 percent in that six-month period, to $257.7 billion. More

Macy's in Tysons Corner to open 24 hours a day
Washington Business Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Trying to snag last minute shoppers ahead of Christmas, Macy's is going round-the-clock at Tysons Corner Center. The Macy's at the McLean shopping mall and 11 other stores around the country will stay open from 7a.m. Dec 21 through 6 p.m. on Dec. 24. Macy's began experimenting with the 24-hour pre-Christmas concept at one store in 2006. More

Few deep discounts as shopping hits stretch run
ABC News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
If you were hoping to find massive clearance sales as you finish up your holiday shopping, prepare to be disappointed. Major stores that had worried it would take across-the-board discounts to lure shoppers are backing away from the panic button. They planned better this year in stocking their merchandise, and Americans are spending a little more than expected. Sales last week were up 18 percent from the week before, and a little more than 1 percent higher than a year before, according to figures released by research firm ShopperTrak. More

Walmart's holiday ad voted No. 1
Brandweek    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Walmart has ranked No. 1 on the National Retail Federationís annual "Shoppers' Favorite Holiday Ads" survey, displacing rival retailer Target for the first time in three years. Target has held the top spot each year since 2006, when the survey was first created. The survey asked more than 9,900 consumers to name their favorite holiday TV ad. More

Eight names you know, R.I.P.
CNN    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Circuit City became one of the largest retailers to go out of business this year, after the 60-year old electronics chain declared bankruptcy at the end of 2008. The fall of Circuit City was mainly a result of the prodigious belt tightening that took place in households across America during the depths of the recession. But the company's demise had its roots in poor management decisions dating back several years. More

Applebee's reaches 2,000-restaurant mark
Kansas City Business Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail
Applebee's Neighborhood Grill and Bar recently opened its 2,000th restaurant, a milestone it had aspired to before being acquired in late 2007. Lenexa-based Applebee's Services Inc., a subsidiary of DineEquity Inc., said that it was holding a mid-day celebration at the 2,000th restaurant in Harlem, N.Y. The company, based in Glendale, Calif., said it was the first casual dining concept in the world to reach that benchmark. More

Jones Sign Company
Jones Sign Company presents Jones Advanced Maintenance Repair and Lighting, Nationwide Service 24/7 On Call or Tailored Programs, LED Retrofits, and Preventive,Call: 205-601-0689


Pier 1 surprises with profit, sees better margins
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Pier 1 Imports posted a surprise quarterly profit on cost-cuts and higher sales, and the home goods retailer said it saw merchandise margins growing for the rest of the holiday season. The news boosted Pier 1's stock about 11 percent to $5.55. Its shares, which traded at 10 cents in March, have soared from those levels since the retailer allayed fears of bankruptcy and reassured investors it was well on its way to turning around its business. More
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    PRSM Weekly
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