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Report: Retailers missing out on big opportunities with Baby Boomers
New York -- Retailers in the United States are taking a huge risk by underestimating the buying power of the over-50 generation, according to a new report by the Fung Business Intelligence Centre.
The study, “A Booming Opportunity: Profiling from a Graying America,” finds that the aging Baby Boomers will continue to be a growing consumer market for the next 20 years.
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Gordman's reports 10th straight comp decline
Off-price retailer Gordmans Stores Inc. on Friday reported a decline in same store sales for the 10th straight quarter.
Gordmans said fourth-quarter net income was $2.3 million, or 12 cents a share, down from $2.7 million, or 14 cents as share, a year earlier. Sales at stores open at least one year fell 2.7%. Net sales rose 2% to $204 million.

