-
NRF: Retail sales to rise 4.1% in 2015 in biggest increase in five years
Washington, D.C. -- Retail sales (excluding automobiles, gas stations, and restaurants) will increase 4.1% in 2015, up from 3.5% in 2014, according to the National Retail Federation’s 2015 economic forecast. The increase would mark the biggest annual growth since 2011 when retail sales for the year increased 5.1%. Non-store sales in 2015 are expected to grow between 7% and 10%.
-
Shopko exec becomes new Jo-Ann CEO
Jo-Ann Fabric and Craft Stores has named a new chief executive after announcing the search for a new leader in August.
The company announced the appointment of Jill Soltau as president, chief executive officer and a member of the board of directors of the company, effective March 2. Jim Kerr, who served as interim CEO, will continue as EVP and CFO of the company.
