Corporate Governance

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.

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:

New York -- Hurricane Sandy is being held responsible for reducing U.S. retail sales in the Mid-Atlantic and Northeast region by about $4 billion last week, according to MasterCard Advisors SpendingPulse.

According to the report, the region, which accounts for about 24% of retail sales nationwide, typically generates $18.7 billion in sales for that particular week ended Saturday, the Associated Press reported. But revenue came in at about $15 billion. (The figures exclude auto sales.)

Reston, Va. -- Online retail spending in the United States reached $41.9 billion in the third quarter, up 15% versus year ago, according to comScore. This represents the twelfth consecutive quarter of positive year-over-year growth and eighth consecutive quarter of double-digit growth.

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.

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.

By Jason Hamilton, [email protected]

Washington -- The National Retail Federation released the following statement from President and CEO Matthew Shay on the re-election of President Obama:



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.

Spanx, the company best known for its shapewear and hosiery, has opened its first-ever freestanding location, in Tyson’s Corner Center, McLean, Va.