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  • Most Americans not spending refunds

    Retailers used to be able to count on Americans spending every penny of their tax refund, but that’s not the case anymore according to new research from the National Retail Federation.

  • What’s wrong with us? Most Americans not spending refunds

    Retailers used to be able to count on Americans spending every penny of their tax refund, but that’s not the case anymore according to new research from the National Retail Federation.

  • Consumers and impulse buying — perfect together

    Impulse buying is alive and well in the United States.

  • Review: State of the Union address

    On Tuesday, President Obama delivered his seventh and final State of the Union address to the Congress. Unlike the previous six, this was not a long list of policy agenda items he would like to see the Congress address in the coming year. It was, instead, a broader conversation regarding the state of American democracy.

  • Industry veteran in cancer fight

    Carl Nottberg, a veteran retail facilities executive, is battling cancer.

    Nottberg, senior VP of business development at USM, is suffering from multiple myeloma, a relatively uncommon form of cancer that attacks the plasma cells in the bone marrow. He has been in and out of treatment while his immune system is attacked, and hospitalized for weeks at a time.

  • CALL YOUR BANK

    Good news for retailers: Banks are flush with money and eager to lend.

    “Credit is more available than at any time since the great recession,” said Walter Simson, principal of Chatham, New Jersey, -based Ventor Consulting (ventorllc.com). “A more liberal lending environment has opened a window of opportunity for retailers to get more capital with less risk.”

  • Consumer confidence ends year on high note

    Consumer confidence rose in December amid lower gas prices and a stronger job market.

    The index of consumer confidence rose to 96.5 in December from a revised 92.6 in November, the Conference Board said Tuesday. (The November reading originally was put at 90.4, the lowest level in more than a year.) Economists expected a rise to 93.6, according to Bloomberg.

  • Staples board limits senior exec severance packages

    Staples is limiting the severance pay of top executives as the resolution of a deal with Office Depot draws near.

    Staples announced that its board of directors has adopted a new policy stipulating that the company will not pay any severance benefits that exceed three times the sum of an executive’s base salary plus target annual cash incentive award, without seeking shareholder approval.

    In addition, CEO Ron Sargent has elected to amend his severance agreement to align with the terms of the new policy.

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