The Conference Board Consumer Confidence Index, which had declined moderately in September, decreased sharply in October as the federal government shutdown and debt-ceiling crisis took a particularly large toll on consumers’ expectations.
The company said that separating Lands’ End and Sears Auto Center would allow them to pursue their own strategic opportunities, optimize their capital structures, attract talent, and allocate capital in a more focused manner while bringing the business unit structure to life outside of the Sears Holdings portfolio.
Ingram Micro announced that it has entered into a definitive agreement pursuant to which it will acquire global fulfillment service provider Shipwire. Terms of the deal were not disclosed.
Loyalty programs are becoming increasingly popular among retailers and consumers alike. However, as more and more consumers are opting in to these types of programs, over 30% of shoppers say the amount of personal information requested by a merchant is a major factor when considering signing up for a loyalty program or not.
UPS said it expects pick-up volume on Cyber Monday, Dec. 2, to eclipse 32 million packages globally, an increase of 10%.
While 64% of merchants see significant increases in cyber attack activity, only 23% of attacks can be detected quickly and remediated, and nearly 70% of merchants do not take additional precautions in anticipation of increased attacks.
Frederick’s of Hollywood CEO Thomas Lynch said the FY 2013 results reflect the previous financial challenges the company has faced, which impacted its ability to fully deliver on its merchandising strategy and overall brand strategy.
Shoppers surveyed plan to shell out an average of $421 on holiday gifts this year, up from $386 last year, according to Deloitte’s 28th annual survey of holiday spending intentions and trends.
Kip Fulks has added President of Product to his current responsibilities as Under Armour’s Chief Operating Officer, while Henry Stafford is now serving as President of North America.
Amazon spokesman Erik Fairleigh said in an email that the company had not changed the minimum order amount for free shipping in more than a decade. That amount was previously $25.