Strategy

Macy’s Q3 profit up 4.3%, beats estimates; to stop reporting monthly sales
Cincinnati – Macy’s on Wednesday reported a better-than-expected 4.3% increase in third-quarter net income, helped by sales gains, and slightly raised its full-year profit outlook.

Macy’s also announced that it will discontinue reporting monthly sales, beginning in fiscal 2013. Sales will continue to be reported quarterly, along with earnings and cash flow.
Election 2012: The impact on retail
New York -- The National Retail Federation on Wednesday said it looked forward to continuing to work with President Obama and the new Congress toward the goal of putting Americans back to work and ensuring that the nation’s economy remains the strongest in the world.

MasterCard, ING test mobile payment service in the Netherlands

PURCHASE, N.Y. and AMSTERDAM — MasterCard and ING Group are testing a new online payment program in the Netherlands.

The companies ar testing the ability for customers to use MasterCard's PayPass application on their mobile phone to make a purchase either in store or online.
Holiday Hire Now, Permanent Employee in 2013: Who Will Make the Cut?

By Jason Hamilton, [email protected]
VeriFone Systems, Fujitsu offer enhanced mobile solutions for retailers

SUNNYVALE, Calif. and SAN JOSE, Calif. — VeriFone Systems and Fujitsu have partnered to offer retailers sophisticated mobile retailing solutions powered by VeriFone GlobalBay and integrated with the Fujitsu GlobalSTORE solution, or as a standalone mobile point of sale.
Spanx, McLean, Va.

Spanx, the company best known for its shapewear and hosiery, has opened its first-ever freestanding location, in Tyson’s Corner Center, McLean, Va.
NRF pledges to work with President Obama in second term

Washington -- The National Retail Federation released the following statement from President and CEO Matthew Shay on the re-election of President Obama:  
Saks’s Off 5th to open in new center in Livermore, Calif.

New York -- Saks Inc.’s Saks Fifth Avenue Off 5th announced that it plans to open its doors in Livermore, Calif., on Nov. 8.

The new 28,132-sq.-ft. store is located in Paragon Outlets, a new outlet facility located 36 miles east of the heart of San Francisco, which will open in conjunction with Saks Fifth Avenue Off 5th on the same day.
NRF ready to work with Obama

WASHINGTON — President Obama is back for another term, and whether or not the National Retail Federation supported his re-election, the group said it is ready to work with him on key issues facing the retail industry.

The National Retail Federation Wednesday released the following statement from President and CEO Matthew Shay on the re-election of President Obama:
Macy's headed into holidays on heels of strong Q3

CINCINNATI — Macy’s Inc. is well positioned for strong holiday season as it continue to report quarterly sales and earnings growth.

Macy’s Q3 profit up 4.3%, beats estimates; to stop reporting monthly sales

Election 2012: The impact on retail

MasterCard, ING test mobile payment service in the Netherlands

Holiday Hire Now, Permanent Employee in 2013: Who Will Make the Cut?

VeriFone Systems, Fujitsu offer enhanced mobile solutions for retailers

Spanx, McLean, Va.

NRF pledges to work with President Obama in second term

Saks’s Off 5th to open in new center in Livermore, Calif.

NRF ready to work with Obama

Macy's headed into holidays on heels of strong Q3