REAL ESTATE

Macy’s to close St. Louis store

BY Staff Writer

Cincinnatti — Macy’s plans to close a store located in downtown St. Louis at the Railway Exchange Building on Olive Street, with a final clearance sale beginning Sunday, June 2 that is expected to last about 10 weeks. Macy’s plans to continue operating its other eight stores in the Greater St. Louis area.

As a result of closing the 189,000-sq.-ft.-location, Macy’s will lay off some or all of its 94 employees but will offer displaced associates other positions wherever possible. About 100 employees who work in corporate positions in offices in the Railway Exchange Building will be relocated to other facilities.

“We have worked hard to reinvigorate our downtown business, including remodeling, downsizing and re-focusing the store in 2011,” said Macy’s chief store officer Peter Sachse. “But unfortunately, the level of customer activity we see no longer justifies keeping the store open.”

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REAL ESTATE

Wal-Mart goes solar

BY Staff Writer

Bentonville, Ark. — Wal-Mart Stores, Inc. has installed eight solar photovoltaic (PV) arrays in Massachusetts.

The arrays contain almost 10,000 solar panels that Wal-Mart estimates will generate 2.8 million kilowatt hours (kWh) of energy every year, eliminating almost 1.5 billion tons of carbon dioxide emissions.

The discount giant recently committed to increase the production of renewable energy to 7 billion kWh globally every year by Dec. 2020, up 600% from 2010 levels. By 2020, Wal-Mart also plans to reduce the amount of energy required to run its buildings worldwide by 20% compared to 2010 levels.

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News

North American POS market reaches $2B

BY CSA STAFF

Franklin, Tenn. — Almost three in 10 (28%) of North American retailers plan to adopt mobile POS technology by the end of the year, according to a new study from IHL Group.

Results of “Mobile POS: Hype to Reality” also indicate that 45% of all tablet POS shipments go to specialty retailers, mobile POS solutions will cannibalize about 12% of traditional retail POS shipments by 2016 and more than 85% of larger retailers say that in the next three years mobile POS systems will complement, rather than replace, traditional POS systems.

The study also indicates that 33% of retailers are not planning to deploy mobile POS technology in the next three years.

“The vast majority of retailers are taking a slow and methodical approach to the use of mobile for POS,” said Greg Buzek, president, IHL Group. “There are key operational issues in device and merchandise security, cash handling, payments, bags, customer service levels and traffic flow that must be worked through or the use of the devices will be disruptive in a negative way for retailers."

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