Inside PRSM: March 15, 2017
Voting in the PRSM Board of Director elections closes Friday, March 17th at 7 p.m. CDT. Let your voice be heard. Vote today to select PRSM’s new leaders.
The 2017 Board election consists of four open seats, two retail and two supplier directors, resulting in a 12-member Board of Directors who each serve three-year rotating terms. In addition, three alternates (two retail members and one supplier member) will be appointed as non-voting Board Members available to fill a Board seat should a vacancy occur. To view the candidates, their bios and their candidacy statements, click here.
The success PRSM has enjoyed in recent years is directly related to member involvement. PRSM’s future success will be driven by the leaders you elect to the PRSM Board. Each primary member is encouraged to cast their vote to ensure PRSM has continued success during the coming 2017-2018 Board term.
If you have questions about the voting ballots, please contact Janie Semke at firstname.lastname@example.org.
Saks Fifth Avenue’s new men’s store at Brookfield Place opened recently, and they’ve implemented a DJ and a putting green to give the atmosphere a round-the-clock launch-party feel. The efforts hope to bring in customers and give it the flavor of a place exclusively shopped by men. The store puts its shoe section right in the middle of the store, emphasizing their broad range of nearly 30 brands. Click here for more.
Ulta is currently the fastest-growing specialty retailer, and boasted spectacular numbers in 2016, with sales jumping 23.7 percent and earnings per share soaring 30.9 percent. Based upon these tremendous results, Ulta will open another 100 stores and remodel 13 locations in the next 12 months. Click here to read more.
*Denotes new member companies
Hillberg & Berk
Barnes & Noble, Inc.
Army Air Force Exchange Service
Flynn Group of Companies
Servicecom USA, Inc.
Prime Retail Services, Inc.*
Synergy Facility Services, Inc.*
CD Maintenance Company
Nike, H&M, Zara, Louis Vuitton, Adidas, and Uniqlo make up the top six retailers in Brand Finance’s Top 50 most valuable apparel brands. Aside from all six of them increasing their brand value, they’re also all PRSM retailers. These brands’ success is attributable to their abilities to continuously innovate and deliver state-of-the-art products to a range of consumer demographics. Click here to see the rest of the list.
With online shopping, the shopping center industry is experiencing one of the most profound periods of evolution since the emergence of the first suburban malls in the mid-1950s. Thomas McGee, president and CEO of International Council of Shopping Centers, says the industry is healthy, and has done a good job of navigating itself out from the heights of the recession. Click here to read more of McGee’s interview.
American shoppers will spend a record-breaking $5.3 billion on St. Patrick’s Day supplies and items this year, up 20 percent over 2016’s level. More than 139 million Americans plan to celebrate the holiday, spending an average of $37.92 per person. Since the holiday falls on a Friday this year, the celebration spending is expected to increase. For more about the luck of the Irish click here.
Help the PRSM Impact Charity transform the Volunteers of America (VOA) Riverside Treatment Center while networking with other PRSM members. Volunteers will paint the entry way to the VOA center that helps hundreds recover from addiction every year. Plus, you will have six solid hours of opportunity to network with other PRSM member volunteers while helping others. Chartered bus will pick up volunteers in front of the Gaylord Texan Convention Center at 10:00 am and return at 4:00 pm. To register to attend this event contact email@example.com. (Please note: You do not have to attend the PRSM2017 National Conference to participate in this charity event.)
Retail mergers and acquisitions continue to dominate industry news. Many of these deals hit close to home as they involve major retailers and suppliers and affect PRSM facilities professionals. We invite you to join our webinar and learn more about Mergers and Acquisitions and why 2017 is a great year to sell, buy, or secure funding to grow a business.
- Market Insights: What’s the current state of the M&A market?
- Differences between financial buyers/investors, strategic buyers, and family office investors?
- Steps business owners should take to prepare for a sale, purchase or financing event.
- What is really involved in the professional transaction process?
PRSM2017 National Conference online registration is still open, and we are ready for your registration to come in! We have plenty of hotel rooms in properties within two miles of our conference location, the Gaylord Texan Convention Center. With over 500 Facilities Maintenance Suppliers under one roof, more than 30 education sessions available and fantastic networking events ranging from receptions to sports and charity events, you don’t want to be left out of this one-of-a-kind opportunity to mingle with and learn from your FM peers. Register online today at www.prsmnational.com.
The 2016 Best Practice, “Treasure from Trash - Implementing a Successful Rebate Process” by Jamie Delli Santi, Business Development Representative, RiverRoad Waste Solutions shares a case study of a retailer with 536 locations that was challenged with accounting for old corrugated containers and scrap metal rebates at a corporate level. A three-phase approach which included a survey, implementing a work order tracking software and consolidating approach. The approach lead to a 74 increase in rebates.
PRSM Tools are designed to help simplify day-to-day FM tasks. PRSM provides a variety of templates, customizable calculators, checklists and manuals. These can be used to budget and plan for the services needed for your stores. In 2016, a new webpage page, Tools & Templates, was created on the PRSM.com website to showcase these resources. To download individual resources click on the following:
- Energy Benchmarking Initiative Study - Checklist
- Introduction to the Practice of Carbon Management for Retailers – Checklist
- Supplier Talent Acquisition & Retention – Checklist
Find all of the checklists & manuals here.
PRSM Online Education provides online courses that deliver the knowledge you need and an exceptional learning experience. Courses are available online 24/7/365, and videos can be stopped and resumed at a later time or day.
Join Daniel Stone as he presents “Retail Facilities 101: Janitorial and Floor Care”.
Discussion points include:
- Basics of Janitorial
- Surfaces & Tools
- Cleaning Cornerstones
- Budget, Frequency & Scheduling
- Roles & Verification
- Purpose of Cleaning