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Urcelay Promoted to CEO at Toys R Us

| Tim Parry

Toys R Us has taken the Interim tag off Antonio Urcelay and named him CEO on Oct. 16. The merchant also announced that former ServiceMaster and Walmart executive Hank Mullany has been named president, Toys R Us, U.S., effective Nov. 5.

NRF: Washington Gridlock to Impact Holiday Spending

| Tim Parry

Faced with continued economic uncertainty and used to doing more with less, consumers will take a conservative approach to spending this holiday season, according to National Retail Federation’s holiday consumer spending survey

Kmart and Sears Highlight Holiday Gameplans

| MCM Staff

Sears, Roebuck and Co. has announced its strategies to attract holiday shoppers this season. For example, Kmart will roll out its Lease-to-Own program in time for Black Friday, while Sears announced it has more than 95 million items available via Sears Marketplace.

The End of Black Friday? Research Shows Retail Holiday in Decline

| Tim Parry

Black Friday shopping may be on the decline, according to a new study by customer satisfaction technology and analytics firm CFI Group. The 2013 Holiday Retail Spending Report found consumers are placing less emphasis on the post-Thanksgiving event and starting their holiday shopping earlier in the season.

J.C. Penney’s Ecommerce Sales Continue to Rise

| Tim Parry

J.C. Penney’s ecommerce sales increased 25.3% year-over-year in September. The increase marked the third consecutive month of double-digit ecommerce sales growth, according to J.C. Penney. Ecommerce sales grew 10.8% in August, and 14% in July.