Retail

Cyber Monday Spending Tops $1 Billion

Cyber Monday Spending Tops $1 Billion

RESTON, Va.—U.S. consumers spent more than $1 billion online on Nov. 29, the so-called Cyber Monday, according to comScore, a research firm that tracks web spending and the digital market. Cyber Monday’s online spending total represented a 16 percent increase over Cyber Monday last year, making it the biggest day for online spending in history,More »

Consumer Confidence Gains in November

Consumer Confidence Gains in November

NEW YORK—U.S. shoppers have entered the holiday season somewhat more upbeat, according to the latest consumer confidence index from The Conference Board. The index picked up 4.2 points from October to November, to 54.1. Both of its key component indexes, present situation and expectations, also rose. Expectations provided most of the fuel by rising 6.7More »

Kohl’s Promotes Brennan, Worthington, Eskenasi and McDonald

Kohl’s Promotes Brennan, Worthington, Eskenasi and McDonald

MENOMONEE FALLS, Wis.—Four key executives at Kohl’s have been promoted to new posts. Don Brennan, senior executive vice president, has been named chief merchandising officer, responsible for all of the retailer’s merchandising divisions, merchandising planning and allocation, and e-commerce. Brennan has also assumed oversight over product development. John Worthington, senior executive vice president, has becomeMore »

Consumers Splurge on Black Friday

Consumers Splurge on Black Friday

WASHINGTON—Black Friday 2010 registered as a major positive event for U.S. retailers, judging from the numbers in a survey conducted by the National Retail Federation. U.S. shoppers spent an estimated $45 billion during this year’s Black Friday, up 9 percent from Black Friday 2009. They also spent more per shopper—9.3 percent more–to $365.34, according toMore »

Walmart Offers to Buy 51 Percent of Massmart

Walmart Offers to Buy 51 Percent of Massmart

BENTONVILLE, Ark.—Following through on plans announced in September, Walmart has made an offer to acquire 51 percent of the shares of Massmart Holdings, the South African retail holding company. The offer would cost Walmart $20.56 a share using today’s conversion rate of the South African rand to the U.S. dollar. A Walmart statement said theMore »

Sharper Image Expands Advertising Initiatives

Sharper Image Expands Advertising Initiatives

NEW YORK—The Sharper Image has unveiled a major advertising push for the upcoming holiday shopping season. The campaign will include national television advertising, prominent billboards, sports-arena signage and brand signage at airports. The TV ads have already begun airing on national and local cable stations throughout the country. Billboards in Times Square here have alsoMore »

Extracts Welcomes Newcomers in New York

Extracts Welcomes Newcomers in New York

WHITE PLAINS, N.Y. – Spa, salon and personal care retailers will find a number of newcomers – both first time and returning to market – at the winter 2011 edition of EX•TRACTS at the New York International Gift Fair. EX•TRACTS runs Jan. 30 – Feb. 3, 2011, at New York City’s Jacob K. Javits ConventionMore »