Retail

Online Spending Up 13 Percent During 2010 Holiday Season

Online Spending Up 13 Percent During 2010 Holiday Season

RESTON, Va.–Online spending for the Nov. 1-Dec. 26 holiday period totaled $30.8 billion, an increase of 13 percent over the same period in 2009, according to comScore, the web-spending research company. This included a 17 percent jump in online holiday spending registered in the final week of that period. Gian Fulgoni, comScore’s chairman, said theMore »

Retailers Woo Savings-Minded Shoppers

Retailers Woo Savings-Minded Shoppers

By Barbara Thau The recession might be officially over, but consumer spending has not returned to its heady 2006 levels. In turn, home furnishings retailers are settling in to the new normal by playing up the lower-price point fare in their product assortments, crafting value-oriented marketing messages and cooking up new promotional strategies to keepMore »

Pantone’s Pretty in Pink

Pantone’s Pretty in Pink

By Andrea Lillo The New Year looks to take a step in the bright direction with Pantone’s color selection for 2011: honeysuckle. An energetic reddish pink, honeysuckle—specifically, Pantone 18-2120 TCX—is quite the contrast from its predecessor. While 2010’s color was the calming hue of turquoise, “we wanted something more adrenaline pumping” for 2011, said LeatriceMore »

CES Connects The Home

CES Connects The Home

By David Gill It won’t be all 3-D TVs, computers, game players and DVD players at this month’s International CES. Visitors to the world’s biggest consumer-electronics trade show will also see devices that will enable them to control their home appliances by connecting them to a smart grid. An entire “TechZone,” called Connected Home Appliances,More »

Consumer Confidence Ebbs in December

Consumer Confidence Ebbs in December

NEW YORK–The consumer confidence index took a small dive in December, finishing the month at 52.5 or 1.8 points off its November reading. Both of the index’s main components, the present-situation and expectations indexes, slipped this month. The present-situation index dropped 1.9 points to 23.5, while the expectations index declined 1.7 points to 71.9. RespondingMore »

Bed Bath & Beyond Net Rises 25 Percent in Third Quarter

Bed Bath & Beyond Net Rises 25 Percent in Third Quarter

UNION, N.J.—Bed Bath & Beyond reported another strong performance in its third quarter, with net income rising 25 percent to $188.6 million. Improving sales and the company’s wary eye on expenses helped produce the healthier bottom line. Net sales for the quarter, which ended on Nov. 27, rose 11 percent to $2.2 billion. While selling,More »

Dillard’s to Establish Internet Fulfillment Center

Dillard’s to Establish Internet Fulfillment Center

MAUMELLE, Ark.–Dillard’s Inc. will locate an Internet fulfillment center here to support the growth of its online business. “There are many positive changes currently underway at Dillard’s and the enhancement of the online shopping experience at dillards.com is a major focus of our efforts,” said Alex Dillard, president, in a statement. “Our new Maumelle facilityMore »

Container Store’s Tindell to Receive NRF Gold Medal

Container Store’s Tindell to Receive NRF Gold Medal

WASHINGTON—Kip Tindell, chairman and chief executive officer of The Container Store, will be honored with the Gold Medal of the National Retail Federation. The association cited Tindell, who has been head of the storage- and organization-products retailer since its founding in 1978, for maintaining “a fundamental set of corporate values centered around an intense employeeMore »