STORE SPACES

Energy cost savings to drive HVAC innovation

BY Staff Writer

New York City — Innovation in heating, ventilation and air-conditioning will be driven by cost savings from more efficient energy use and pressure to reduce greenhouse gas emissions, according to a recent from Pike Research.

The study, “Energy Efficient HVAC Systems,” found that energy addition, regulatory shifts, including more stringent codes and LEED (Leadership in Energy and Environmental Design) will enable emergent HVAC technologies, which in some cases have been available for many years, to achieve market traction at last. Advanced HVAC innovations can achieve energy cost savings of well over 50% by assembling commercially available components in unconventional arrangements, Pike Research reported.

“The next generation of energy efficiency will come through incremental improvements to existing HVAC technologies,” said research analyst Eric Bloom. “But there is a great deal of untapped potential for innovation and the adoption of new technologies, such as geothermal heat pumps, that will transform the way buildings function.”

While technologies such as building energy management systems, thermal energy storage, underfloor air distribution, geothermal heat pumps, and evaporative cooling for rooftop units occupy only a small portion of the present market today, Pike Research expects their growth to accelerate over the next few years.

Revenue from ice-based thermal energy storage systems on rooftops, for example, will expand at a compound annual growth rate of 84% between 2010 and 2015, reaching almost $171 million. The spread of these innovative technologies will enable building owners to actively manage energy cost as an asset, rather than a fixed cost, Pike reported.

An executive summary of the report is available for free download at www.pikeresearch.com.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
OPERATIONS

Report: Limited to unveil plus-size division

BY Staff Writer

New York City — The Limited will enter the women’s plus-size business, Women’s Wear Daily reported. The new offering, called eloquii by The Limited, will launch online in October, with stores to follow next year, the report said.

The merchandise mix will include sportswear, dresses and accessories, with sizes ranging from 14W to 24W.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
FINANCE

NRF: Total Halloween spending to hit $6.86 billion

BY Staff Writer

Washington, D.C. — Halloween celebrations will be booming this year as more people than ever are expected to partake in traditional festivities. According to NRF’s 2011 Halloween Consumer Intentions and Actions Survey conducted by BIGresearch, seven in 10 Americans (68.6%) plan to celebrate Halloween, up from 63.8% last year and the most in NRF’s 10-year survey history.

Those celebrating are expected to spend slightly more, too. The average person will shell out $72.31 on decorations, costumes and candy, up from $66.28 last year. Total Halloween spending is expected to reach $6.86 billion.

The survey found this year’s celebrations will be far from tempered as more people plan to dress in costume (43.9% versus 40.1% in 2010), throw or attend a party (34.3% versus 33.3% last year) and visit a haunted house (22.9% versus 20.8% in 2010.) Additionally, half (49.5%) will decorate their home/yard and 14.7% will dress their pets in costume. Other traditional celebratory activities include handing out candy (73.5%), carving a pumpkin (47.8%) and taking children trick-or-treating (32.9%).

With celebrations increasing, spending is expected to slightly increase across the board as well. The average consumer is expected to spend $26.52 on costumes.

This year, Americans will spend $1 billion on children’s costumes, up from $840 million last year, and $1.21 billion on adult costumes, up from $990 million last year. Additionally, pet owners will shell out $310 million on pint size devils, pumpkins and witch costumes.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...