STORE SPACES

Cooper Lighting: Call for entries in lighting competition

BY Staff Writer

Peachtree City, Ga. — Cooper Lighting has announced a call for entries for its 36th Annual Source Awards national lighting design competition. The competition, which focuses on furthering the understanding, knowledge and function of lighting as a primary element in design, is open to all lighting designers, architects, engineers, professional designers and consultants who use Cooper Lighting fixtures in an interior or exterior design project. This year’s competition will once again seek a creative use of fixtures providing energy-efficient design solutions in addition to standard projects.

The competition requires the primary and predominant use of any or all of the Cooper Lighting brands, which include Halo, Halo Commercial, Metalux, Portfolio, Neo-Ray, Corelite, Sure-Lites, Lumark, McGraw-Edison, Fail-Safe, Lumière, Shaper, IRiS, Ametrix, RSA, io, Invue, MWS and Streetworks.

Projects will be judged on the blending of aesthetics, creative achievement, technical performance and to the degree which the lighting met project constraints and design concept goals. There will be no minimum or maximum number of awards given, as each project will be judged on its own merit. Award categories will include: Winner, Honorable Mention and Award of Recognition.

Judging for the 36th Annual Source Awards competition will take place in February 2013 by a professional, independent panel of lighting and design professionals, as well as a representative of the Source, Cooper Lighting’s lighting education center. Winners will be announced in April 2013.

To download more information, go to Cooperindustries.com/content/public/en/lighting/resources/education/source/source_awards.html.

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News

Revionics acquires Retail Optimization

BY Staff Writer

Roseville, Calif. — Revionics, a provider of price optimization systems, announced it has acquired the business and related assets of Retail Optimization, New Haven, Conn., a provider of cloud-based assortment and space optimization systems. Terms were not disclosed.

This acquisition extends Revionics’ Life Cycle Price Optimization Solutions with the addition of Retail Optimization’s cloud-based Assortment and Micro and Macro Space Optimization Solutions. According to the announcement, together these solutions help retailers breakdown merchandising organizational siloes and improve demand forecasting to better meet shopper needs and ensure retailers have the right product, price, promotion, placement and space allocation for optimal financial results and improved customer satisfaction and loyalty.

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REAL ESTATE

Michael Kors beats expectations amid store expansion and rising demand

BY Marianne Wilson

New York — Michael Kors Holdings Ltd. said Tuesday that its fiscal fourth-quarter net income more than tripled as the company opened new stores and demand grew for its fashions and accessories.

For the three months through March 31, Michael Kors earned $43.6 million, up from $13.6 million in the same quarter last year.

Revenue rose 58% to $380 million, from $240 million. Same-store sales jumped 36%.

Michael Kors opened 71 stores this year, bringing its store count to 237. Retail sales rose 80% to $172.2 million.

The company’s sales to department stores and other retailers rose 46%.

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