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Inside PRSM: March 15, 2017

Member News

 

Only 48 Hours Left to Vote for PRSM Board of Directors

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 jsemke@prsm.com.


Saks Adds Mini-Golf to Attract New Customers

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 to Add 100 New Stores

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.


Welcome New Members
We are excited to welcome the following new individuals and member companies who recently joined PRSM. 

*Denotes new member companies

   Retailer

Hillberg & Berk

Marnie Archer

IKEA Canada

Diane Wilson

Barnes & Noble, Inc.

Aryka Hong

Army Air Force Exchange Service

Mike Smietana

David Combs

Dan Warner

Rodney Greensage

Marnya Berry

Raymond Estes

Yvette Colon

 

   Supplier

MetroSeek

Pete Delleani

Flynn Group of Companies

Kevin Monsour

Servicecom USA, Inc.

John Scardilli

Prime Retail Services, Inc.*

Michael Edmundson

Donald Bloom

Synergy Facility Services, Inc.*

Don Guber

Anthony Giourgas

CD Maintenance Company

Timothy Broeren

FacilitySource

Laura Standafer

Sign Assign*

Tahir Diwan

 

Industry News

16 PRSM Members Make Top 50 Most Valuable Apparel Brands List

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.


Shopping Centers are Healthy and Evolving

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.


$5.3 Billion to be Spent on St Patrick’s Day

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.

Events 

PRSM Charity Event April 17: Give Back to the Volunteers of America

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 bcondit@prsm.com. (Please note: You do not have to attend the PRSM2017 National Conference to participate in this charity event.)


Webinar: 2017, A Great Year to Sell, Buy or Grow Your Business, March 21

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.

Learning Objectives:

  • 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: Register Online Today, Hotel Rooms are Available!

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.  

Resources

BP – Treasure from Trash – Implementing a Successful Rebate Process

Best_practices_cover.jpeg

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.

 


Checklists & Manuals Provide Quick Guidelines for Bigger Projects

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:

Find all of the checklists & manuals here.


Retail Facilities 101: Janitorial and Floor Care

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