Surveys Show Conflicting Black Friday and Cyber Monday Projections
As Black Friday and Cyber Monday shopping surveys roll across the wires, it
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How to Combat Showrooming in Your Store
Like it or not, showrooming is happening and it is here to stay but that doesn
Macy’s Under Pressure to Dump Trump
What do you do when over a half a million people petition your store demanding the removal of the Donald Trump brand from your store because of
Retailers Facing Backlash from Workers Over Holiday Hours
As more and more retailers push up their holiday shopping hours from Black Friday to Thanksgiving Day, employees are firing back with protests and petitions. Although opening stores earlier can mean an increase in sales, retailers consider it can also be a source of anger for employees.
NRF Urges President to Act Now on Fiscal Cliff
The National Retail Federation is urging President Barack Obama and Congress to fix the impending fiscal cliff before Thanksgiving fearing that tax hikes and spending cuts will affect consumer confidence for the holiday shopping season.
Superstorm Sandy Plus Fiscal Cliff Equals Weak Retail Sales
The National Retail Federation said today that low October retail sales figures were down due to Superstorm Sandy and the impending fiscal cliff. NRF chief economist Jack Kleinhenz said in a press release that Superstorm Sandy will have short-term and long-term reverberations on the economy, and here’s why NRF president and CEO Matthew Shay said in the same release that the looming fiscal cliff is a larger threat to the overall economy.
Northern Tool + Equipment to Buy Redcats USA Sporting Brands for $215 Million
The PPR Group, a French retail and luxury group, announced that it has agreed to sell off two of its
Redcats USA brands to Northern Tool + Equipment for $215 million pending regulatory approval.
Costume SuperCenter Inventory Lost to Superstorm Sandy
Add Costume SuperCenter to the list of ecommerce merchants whose businesses have been shut down since SuperStorm Sandy hit Oct. 29. Costume SuperCenter is located in the same Edison, NJ building as themed party supply seller Birthday in a Box, whose situation was reported Nov. 7 by Multichannel Merchant.
Online Retail Spending Grew 15% in 3Q
Digital measurement service comScore said that online retail spending in the U.S. reached $41.9 billion for the quarter, up 15% versus year ago. This represents the twelfth consecutive quarter of positive year-over-year growth and eighth consecutive quarter of double-digit growth. Here’s a look at which sectors saw the most growth.