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January 30, 2013

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Simon's Fashion Valley Adds New Amenity for Families: An Outdoor Play Area "We have over 20 million visitors a year and many of them are families, so that's a lot of children," says Francine Miley, Director of Marketing and Business Development. The outdoor playground is sponsored by Geppetto's Toys, a local, award-winning toy store. (More)
  Industry Tracker 
  • Other News
  Retail News 
  • Costco posts 1st profit in Australia
    US warehouse chain Costco doubled revenue at its three Australia stores last year and booked its first profit since opening in the country four years ago. Now, the company plans to invest an additional A$50 million on expansion plans in the region. "I think there is a lot of opportunity for Costco here in Australia and we are thrilled and very satisfied to see that the business is growing," said Australia managing director Patrick Noone. The Sydney Morning Herald (Australia) (1/30) Email this Story
  • Mom-and-pop shops stage a digital comeback
    Mom-and-pop shops are enjoying a resurgence after years of yielding to big-box players, thanks in large part to the democratizing forces of the Internet, which lets consumers enjoy goods from their favorite local shops even after they move away. "Being online gives shops the opportunity to reach the world rather than just the tourist trade and local shoppers," said NPD Group's Marshal Cohen. Entrepreneur online (1/28) Email this Story
  • Luxury retailers use mobile to fight showrooming
    Luxury retailers need to embrace mobile and incorporate it further into the shopping experience to reduce the risk of showrooming, experts say. "Wise marketers are embracing the idea of mobile devices in the hands of shoppers rather than fearing it," said marketer Jeff Hasen. Luxury Daily (1/29) Email this Story
  • How retailers will be spending their tech budgets in 2013
    This year will be a transitional one for retail technology, as retailers boost their IT investments in their push to keep up, said analyst Deborah Weinswig. In 2013, Macy's will test RFID technology in its Herald Square shoe department, Belk will spend almost half of its $600 million capital expenditure budget for the next five years on IT, and Saks has added social and mobile components including a live shoe cam to promote its revamped footwear department. Women's Wear Daily (subscription required) (1/28) Email this Story
  Business Best Practices 
  • Telling traits of terrible leaders
    Being a know-it-all and never asking questions, being overscheduled with no time to think and always having to be in charge are signs you may be an ineffective leader, writes Les McKeown. "[T]he leadership traits and behaviors you'd thought were strengths are in fact the exact opposite ... instead of leading your enterprise, like an unpinned grenade, you're about to blow it up." Inc. online (free registration)/The Synergist blog (1/28) Email this Story
  News from ICSC 
  • Seminar: Debt Workouts, Institutional Funds & Repositioning of Challenged Assets
    ICSC is rolling out a seminar intended for owners who are facing maturing mortgage debt for a retail asset, and for other high-level professionals who represent the lender, a mortgage broker or deal in the debt markets. Regardless of whether the asset is challenged or not, a refinancing or restructuring of debt calls for special handling. More important, refinancing a challenged asset, one that produces insufficient funds from operations to cover its debt service, can be extremely difficult to assemble. This is the reason ICSC created this fast-moving one-and-a-half-day seminar conveniently located in Midtown New York City. The seminar sponsored by The Wall Street Journal will include formal presentations, discussions, case studies, course materials, breakfasts and lunches, a cocktail reception and an ICSC certificate of completion.

    For more information, visit Debt Workouts, Institutional Funds & Repositioning of Challenged Assets or contact ICSC's Manager of Education, Jason Barnhart, at 1-646-728-3468 or jbarnhart@icsc.org. Email this Story
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  SmartQuote 
Good judgment comes from experience, and often experience comes from bad judgment."
--Rita Mae Brown,
American writer


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