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Consumer Affairs & Relations

  • '60 Minutes' on the next big data breach

    Americans’ well-founded apprehension about the security of their personal information received a booster shot of sorts when 60 Minutes aired a disturbing piece about the state of digital security.

  • NRF calls for comprehensive immigration reform

    Washington, D.C. - The National Retail Federation (NRF) supports immigration reform, but does not think President Obama’s executive action on immigration regulations is the right approach.   The NRF has issued a statement from president and CEO Matthew Shay on the announcement that President Obama will issue a series of executive actions on immigration:  

  • Why Alco Stores is going out of business

    Coppell, Texas – Bankrupt retailer Alco Stores is going out of business, and closing its 198 stores, a victim of both the economy and the changing retail landscape.   

  • Analysis: Retail Forecast 2015

    By Phillip M. Perry New York  - Blue skies and cool breezes.  That’s the economic forecast as the calendar turns for a new year. Retailers looking to bolster revenues and profits over the next 12 months should benefit from a gradual improvement in the ability and willingness of shoppers to spend.   

  • Wet Seal names interim CFO

    FOOTHILL RANCH, Calif. - The Wet Seal announced that Thomas R. Hillebrandt will assume the role of interim CFO, effective December 1, 2014, concurrent with the previously announced resignation of Steven H. Benrubi, the company’s current CFO.   Hillebrandt has served as VP and corporate controller at Wet Seal since September 2013.   

  • Paster Enterprises rebrands to Paster Properties

    St. Paul, Minnesota - Shopping center developer and manager Paster Enterprises has rebranded to Paster Properties, and has debuted a new look and website. 

  • It’s the blackest Friday ever for Alco

    Alco Stores is offering retailers a cautionary holiday tale this Christmas as going-out-of-business sales have begun at the regional discounter’s 198 locations.

  • Real estate report: Luxury retail is a high-growth category

    Seattle - Colliers International released the highlights of its latest global retail report – examining 125 retail real estate markets in 50 countries – and found that luxury retail continues to show strong growth in the top global markets and prime cities in Asia.   

  • Dollar Tree beats Street in Q3; starts holiday sale Nov. 23

    Goodlettsville, Tenn. – Dollar Tree Inc. beat Wall Street predictions for profits and sales in a generally strong third quarter of fiscal 2014. Net income rose 6% to $133 million from $125.4 million.   Consolidated net sales increased 11% to $2.1 billion from $1.88 billion and consolidated same-store sales increased 5.9%.

  • L Brands beats Street with strong Q3 profit

    Columbus, Ohio – L Brands Inc. beat Wall Street projections with net income of $131.8 million during the third quarter of fiscal 2014, up 43% from $91.99 million the same period the prior fiscal year. A boost in pretax income helped drive L Brands’ impressive profit growth.   Net sales rose 7% to $2.32 billion from $2.17 billion, and same-store sales increased 5%. 
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