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March retail sales indicate confident, but cautious consumer
National Retail Federation    Share   Share on FacebookTwitterShare on LinkedinE-mail article
From clothing and electronics to home furnishings and building materials, retail sales in March increased across the board for the ninth straight month. According to the National Retail Federation, retail industry sales (which exclude automobiles, gas stations, and restaurants) for March increased 0.6 percent seasonally adjusted from February and 3.9 percent unadjusted year over year. More

Apple soars in China as other US retailers falter
The Republic    Share    Share on FacebookTwitterShare on LinkedinE-mail
While many Western retail giants have failed to translate their American success in the Asian booming economy, Apple is winning simply by being Apple. Home Depot and Best Buy, retailers that have seen their successful American strategy sputter in this emerging economic giant, have retreated, closing a number of outlets and reconsidering their China business plans. More

Best Buy to add stores for mobile gadgets
The Associated Press via USA Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Best Buy plans to open hundreds of smaller mobile stores and expand online and in China in an effort to be more competitive as consumers increasingly shop online. The largest U.S. electronics retailer plans to shrink square footage at big-box stores by 10 percent over the next three to five years, a move that Best Buy said will eventually save it $70 million to $80 million annually. More

Cabela's plans to open third retail store in Canada
The Associated Press via Beaumont Enterprise    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Outdoor outfitter Cabela's is planning to open its third retail store in Canada next year. The Sidney, Neb.-based company recently announced the new 50,000-square foot store planned for Saskatoon, Saskatchewan, Canada. More

Malls face surge in vacancies
The Wall Street Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Even as the economy picks up steam, many of the nation's malls and shopping centers are suffering a hangover due to changing consumer habits and the fallout from a massive building boom. Mall vacancies hit their highest level in at least 11 years in the first quarter, new figures from real estate research company Reis Inc. showed. More

Ulta Salon, hhgregg among fastest-growing retailers, but Amazon tops all
Chicago Sun-Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The nation’s 10 fastest-growing retailers are led by online trailblazer, and include Bolingbrook-based Ulta Salon and Indianapolis-based electronics chain hhgregg. The Forbes list is based on each company’s four-year revenue growth. So, Amazon topped out with a growth rate of 219 percent and 2010 revenues of $34.2 billion. More

When Floors and Restrooms Speak Customers Listen...

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Debit card swipe fee debate pits banks vs. merchants
Reuters via NASDAQ    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A clash of titanic industries that has pitted bankers against retailers over how much it should cost to swipe your debit card and buy something is coming to a head. Billions are at stake for both industries, but each side presents starkly different views of how the outcome will impact consumers. More

The return of luxury retail
NPR    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Consumers spent more on retail goods in the first quarter than they did during the same time last year. That's despite higher gas prices, bad weather and a late Easter holiday. Luxury retailers were the winners. Retail analyst Marshal Cohen says the recession has left the consumer with "frugal fatigue." More

Retailers unprepared for m-commerce    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The majority of retailers believe mobile commerce will impact shopping habits in the next two years, yet only a fraction have a mobile strategy in place, or intend to implement one. Less than one in five retailers surveyed reported having a mobile strategy fully in place, and almost one third have no plans to implement one at all. More

Change in retail processes over the last 100 years due to the use of computers and software
EzineMark    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The use of computers has really revolutionized the world of retail business. With the automation of billing processes, inventory calculation, profit and loss statements, employees salary payment records and many other regular business operations, the chances of errors and the need for manual intervention has been greatly reduced. More

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Opry Mills in Nashville, Tenn., to reopen two years after flood
The Tennessean    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Its complete return is still a year away, but owners of the Opry Mills mall in Nashville, Tenn., say shoppers will finally see repairs resume at the 1.2-million-square-foot shopping mecca shuttered since last spring’s floods amid a complex insurance squabble. Flood-damaged Opry Mills will reopen in spring 2012 with some new tenants, including the Coach Factory Store, Under Armour Factory House and The Lego Store. More

Calgary retail vacancy one of lowest in North America
Calgary Herald    Share    Share on FacebookTwitterShare on LinkedinE-mail
Finding retail space in Calgary, Alberta, Canada these days remains a difficult enterprise as the city has one of the lowest vacancy rates in North America. More

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BizAuctions-Lucky 7's retail-outlet store sets new sales record for March
PR Newswire    Share    Share on FacebookTwitterShare on LinkedinE-mail article
BizAuctions, Inc., a prime provider of commercial eBay and Amazon liquidation services for excess inventories, overstocks, and returns, announced that March sales set a new monthly record. More

Japan quake serves as sobering reminder for US retail
center owners

Retail Traffic    Share    Share on FacebookTwitterShare on LinkedinE-mail article
As Japan continues to struggle with the aftermath of the March 11 earthquake and tsunami, U.S. property owners may want to examine whether they are sufficiently prepared for disasters of that scale. More

It's coming. Are you ready?

On July 14th, 2012, many halogen and fluorescent lamps will no longer be available due to the Energy Policy and Conservation Act. Retailers will be hit hard and need to act now because the deadline is closer than you think. We’ve got the network, products, and expertise to provide a turnkey solution! more

Office Depot bets on smaller store idea
Bradenton Herald    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Office Depot admits it hasn’t been taking care of business when it comes to its retail store customers. The big-box retail concept offering thousands of office-supply products was no longer working. More

Walmart to reverse SKU count reductions, bring back 8,500 items
to shelves

Supply Chain Digest    Share    Share on FacebookTwitterShare on LinkedinE-mail article
For the past several years, Walmart and other retailers have been pursuing a strategy of reducing store SKU counts, with plans for cutting as much as 20 percent of the items a given type of store format carries. Walmart took thousands of often marginal SKUs off its shelves in 2009 in an attempt to reduce clutter, focus on faster-growing product categories, and improve supply chain efficiencies - and may have paid a price for the move. More
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PRSM Weekly
Colby Horton, Vice President of Publishing, 460.420.2601   Download media kit
Yvette Craig, Sr. Content Editor, 469.420.2641   Contribute news
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