Retail Executive Finance News

05/13/2013 - 12:59pm
Mass affluent, Gen Y defer spending for retirement

In what could be bad news for retailers, “mass affluent” consumers (those with $50,000 to $250,000 in investable assets) and Gen Y (age 18-34) are cutting back on spending to save for retirement.

05/13/2013 - 11:35am
Retail sales beat expectations to edge up 0.1% in April

Total retail sales increased 0.1% in April from March, according to figures released Monday by the U.S. Commerce Department.

05/10/2013 - 4:41pm
Report: Canada’s YM to buy parent company of Mandee

Big M, owner of the Mandee, Annie Sez and Afaze apparel chains, will be sold to YM Inc., Toronto, in a $22.5 million deal expected to be approved by a bankruptcy judge next week, The Record reported.

05/10/2013 - 11:04am
Weather impacts Alco Stores Q1 sales

Discount retailer Alco Stores blamed the impact of cold weather across the Midwest for helping to produce sluggish sales performance during fiscal first quarter 2013.

05/10/2013 - 11:01am
Canadian youth set for more spending power

Continuing income growth means today’s Canadian youth will assume more spending power than their parents currently have during the course of their lifetimes, according to a new report from BMO Economics.

05/09/2013 - 11:35am
TJX joins exodus of retailers no longer reporting monthly sales

TJX Cos. has joined the growing ranks of retailers who no longer report monthly sales.

05/09/2013 - 11:33am
Canadian Tire Corp. to capitalize on real estate holdings with REIT

Canadian Tire Corp. plans to spin off most of its real estate assets into a C$3.5 billion (approximately U.S. $3.49 billion) real estate investment trust, with an initial public offering expected later this year.

05/09/2013 - 11:28am
Marks & Spencer completes rollout of Visa contactless payments

Britain’s Marks & Spencer (M&S) has completed the roll out of contactless payment to 644 of its United Kingdom stores, including its railway and airport franchise locations.

05/09/2013 - 11:26am
Gallup: Americans would rather save

A substantially higher percentage of Americans (60%) would rather save money than spend it (37%), according to a new Gallup poll. Consumer show little difference in these preferences according to demographic categories such as age, gender, education and political party.

05/09/2013 - 11:17am
Mixed-bag for retailers in April; TJX, Gap and The Buckle shine

TJX Cos., Gap Inc., The Buckle and Zumiez all reported better-than-expected same-store sales for April, even as concerns about the job market bit into other retailers’ results.

© 2013