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  • Online spending jumps 13% in 2011, hits $161.5 billion

    Reston, Va.  -- Online retail spending reached $49.7 billion for the fourth quarter, up 14% over a year ago, according to comScore.  It was the ninth consecutive quarter of positive year-over-year growth and fifth consecutive quarter of double-digit growth rates. For the entire 2011 year, U.S. retail e-commerce spending reached a record $161.5 billion, marking a 13%  increase from 2010.

  • Consumer confidence rises in U.S.

    Washington, D.C. -- The Bloomberg Consumer Comfort Index revealed Thursday that consumer confidence in the U.S. climbed for the second week in a row, suggesting rising optimism about economic issues.

    The Index rose to minus 44.8 in the period to Jan. 29 from minus 46.4 the previous week. A measure of Americans’ view of the state of economy climbed to the highest since June, according to the report.

  • Limited shines in January

    New York City -- The nation’s apparel retailers reported mixed results for January as shoppers remain cautious about spending in the uncertain economy.

    “It was as tough month as retailers battled holiday hangover, lack of incentive to shop and mild winter that killed outerwear clearance," said Ken Perkins, president of RetailMetrics Inc., in a Reuters report.

    As the first month of the year, January accounts for only 20% November-January sales, and 7% of annual sales, according to RetailMetrics.

  • Macy's honors artist's legacy during Black History Month

    NEW YORK — Macy's announced that it is celebrating Black History Month this February by honoring the 100th anniversary of the birth of artist Romare Bearden.

  • Sears preps for tax season with H&R Block

    HOFFMAN ESTATES, Ill. — Sears announced that it has partnered with H&R Block to launch a new website dedicated to helping consumers prepare for tax season. 

  • EDLP: It’s not as easy as Walmart makes it looks

    JCPenney got a lot of love this week from investors and the media after the company’s senior leadership unveiled a simplified pricing and promotional strategy that sounded an awful lot like another well-known retailer’s success formula.

  • Walmart revs up NASCAR partnership

    BENTONVILLE, Ark. — Walmart announced that it is expanding its Race Time 2012 program to give fans more accessibility to discounted race tickets, driver appearances and fan events at stores, a greater selection of authentic NASCAR merchandise and a special sponsorship of Bill Elliott at the Coke Zero 400.

  • U.K. retail sales fall at fastest pace in nearly three years

    London -- A report released Thursday by the Confederation of British Industry said that U.K. retail sales fell in January at the fastest pace in almost three years, reversing an increase in December when discounting by stores drew shoppers.

    The gauge of annual sales growth fell to minus 22, the lowest since March 2009, from nine in December, according to the report.

  • Reeds Jewelers and Alliance Data team for credit card services

    Dallas -- Loyalty and marketing solution-provider Alliance Data Systems Corp. said Thursday that it has signed a multi-year renewal agreement to continue providing private label credit card services to Reeds Jewelers.

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