Consumer Affairs & Relations

New York -- Coach Inc. reported Tuesday that profit for the quarter ended Sept. 29 rose 3% to $221.4 million, compared with $215 million for the same period last year and beating Wall Street expectations.

Sales surged 11% to $1.16 billion, in line with forecasts, and same-store sales in North America rose 11%, bolstering the luxury retailer’s results for the quarter. In China, same-store sales also rose by double-digits.

Minneapolis -- Target Corp. said Tuesday it will sell its $5.9 billion credit card portfolio to TD Bank Group.

The business will be sold for an amount equal to the gross value of the outstanding receivables at the time of closing, said Target; the portfolio currently has a gross value of about $5.9 billion.

TD Bank also agreed to a seven-year deal to underwrite, fund and own the retailer’s future credit card and Visa receivables in the U.S.

Bloomfield Hills, Mich. -- Taubman Centers announced it has hired Colleen O’Neill as the general manager of Taubman Prestige Outlets Chesterfield, effective Nov. 5. She will be responsible for overseeing center operations as well as retailer and community relations, marketing and sponsorship.

O’Neill was the former marketing director of Saks Fifth Avenue at Plaza Frontenac in St. Louis. The announcement of her hiring follows Taubman’s decision to move up the opening date of the high-end outlet shopping center to August 2, 2013.

WASHINGTON — A revised antitrust settlement on the issue of credit card swipe fees doesn't go far enough, The National Retail Federation said Friday. 

CLEVELAND — Greeting card maker American Greetings announced last week that its board has formed a committee of independent directors to consider an offer to privatize the company, reported the Associated Press.

According to AP, CEO Zev Weiss and his brother, president and COO Jeffrey Weiss, along with other investors and executives, submitted a proposal to the board on Sept. 25. The group wants to buy all of the company's common stock that it doesn't already own for $17.18 per share, valuing American Greetings at approximately $581 million.

New York -- Ricky's has named Catherine Moellering, former executive VP at retail consultancy the Tobe Report, as president and CEO, Crain’s New York reported.

Todd Kenig, the former CEO who founded the beauty store chain with his brother Ricky, left the company early this year. He was replaced in the spring by Richard Krantz, who is no longer with the company.

Washington, D.C. -- A revised antitrust settlement on the issue of credit card swipe fees doesn't go far enough, The National Retail Federation said Friday.

Richmond, Va. -- Poll results released Monday by hourly employment network Snagajob found that most hourly employers are not waiting until after Election Day to make business decisions. The survey found that more than half of hourly employers (55%) cited potential healthcare requirements as the key presidential election issue most likely to affect their business. Possible economic stimulus plans (25%) and tax code changes (14%) were among other concerns weighing on hourly employers.

Dirty stores and out of stocks negatively impact the food shopping experience, according to a study by The Retail Feedback Group which showed overall satisfaction with supermarkets at a five year high.

The Retail Feedback Group surveyed 1,200 shoppers in its 2012 U.S. Supermarket Experience Study and determined that supermarkets generate high rates of satisfaction with their shoppers, scoring a 4.47 out of a possible 5.

LOS ANGELES — With the holiday shopping season approaching, one group has released a guide to goods produced domestically.

The Made in USA Foundation announced the latest edition of the "All-American Holiday Gift Guide," which shows readers how to buy American-made Christmas and Hannukah gifts, ornaments and cards, with sections on toys, jewelry, games and other items for men, women and children. Co-published with Made in USA Certified, the 115-page guide also includes food-related items, such as chocolates, blenders and stoves.