Target Buys Smith & Hawken
General merchant Target Corp. Friday announced it has acquired the Smith & Hawken brand and other intellectual property from Smith & Hawken, LTD, a subsidiary of The Scotts Co.
MCM staff
Figi’s Business Unit to Target Retailers
Figi’s Business Services, a subsidiary of food gifts cataloger Figi’s, is partnering with the Greenwood Group to sell goods to the retail market.
Urban Outfitters Holiday Sales Up 16%
It was another solid holiday season for Urban Outfitters. The lifestyle apparel and home decor cataloger/retailer says that total company sales for the two months ended Dec. 31 increased to $452 million.
Bank Branching Out Into Tuxedo Rentals
Jos. A. Bank Clothiers is getting into the tuxedo rental business.
Steiner Leisure Buys Bliss
Steiner Leisure Ltd. has completed the acquisition of Bliss World Holdings from Starwood Hotels & Resorts Worldwide. The purchase price of the acquisition, initially announced in November, was $100 million and included all of the issued and outstanding capital stock.
Consumer Confidence Ends Year on High Note
The Conference Board Consumer Confidence Index, which had increased in November, rose another 2.3% in December. The index now stands at 52.9, up from 50.6 in November.
Study: Consumer Satisfaction Online Grows
Customers of the largest online retailers were more satisfied with their online experience this holiday season than last, according to an annual report on holiday shopping by customer service management firm ForeSee Results.
Report Says Holiday Sales Rose
Retail sales between Nov. 1 and Dec. 24 rose an estimated 3.6% according to MasterCard Advisors