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  • Consumer confidence dips in March

    NEW YORK — The Consumer Confidence Index from the Conference Board fall slightly in March to 70.2 from 71.6 in February. 

    "Consumer Confidence pulled back slightly in March, after rising sharply in February,” said Lynn Franco, director of The Conference Board Consumer Research Center. “The moderate decline was due solely to a less favorable short-term outlook, while consumers’ assessment of current conditions, on the other hand, continued to improve.”

  • Staples comes to aid of last-minute tax filers

    FRAMINGHAM, Mass. — April 17 is almost here, and Staples is making it easier for customers to meet the tax-filing deadline by offering free copies of tax returns and one-stop shopping on essentials such as tax-filing software and organizational products. Starting April 8 and continuing through tax-filing day on April 17, Staples Copy & Print Centers (with full service at all Staples locations) will provide savings to its customers by offering 30 pages of free tax return copies (15 double-sided sheets).

  • Sears CEO’s compensation valued at $9.9 million

    New York -- The CEO of Sears Holdings Corp., Louis D'Ambrosio, received a compensation package in 2011 whose value was put at $9.9 million, according to a proxy statement filed with the Securities and Exchange Commission.

    D'Ambrosio joined the company in February 2011. He received a base salary of $931,000. His stock awards totaled $8 million and his bonus was $150,000.

  • Consumer sentiment slips in March

    YONKERS, N.Y. — After three consecutive months of improvement, the Consumer Reports Index for March slipped to 46.1, from 49.6 last month.

    March's Consumer Reports Index measures overall consumer financial health and showed that the confidence of the American consumer is waning.

    Further challenging consumer confidence, The Trouble Tracker Index increased slightly this month to 52.2 from 49.1 in February, and is now at its highest level since August 2011.

  • Consumer Reports Index: Consumer sentiment drops

    Yonkers, N.Y. -- After three consecutive months of improvement, the Consumer Reports Index for March slipped to 46.1, from 49.6 last month.

    March's Consumer Reports Index measures overall consumer financial health and showed that the confidence of the American consumer is waning.

    Further challenging consumer confidence, The Trouble Tracker Index increased slightly this month to 52.2 from 49.1 in February, and is now at its highest level since August 2011.

  • Consumer confidence up dramatically in February

    New York City -- Consumer confidence in February shot up from last month to the highest level since a year ago, according to The Conference Board. The group’s Consumer Confidence Index now stands at 70.8, up from a revised 61.5 in January, buoyed by consumers' more positive assessment of the job market.

  • Will consumers do what they say with their refunds?

    Losing weight is a little like saving money. Consumers will always intend to do more of both, but then reality sets in and they tend to do neither. Retailers can count on that pattern holding true this year, which is good news because a recent study by the National Retail Federation shows those planning to save their tax refund is at an all time high.

  • NRF expresses support for Obama’s business tax reform

    Washington, D.C. -- The National Retail Federation expressed its support for President Obama's proposal for business tax reform, and pledged to work with the White House and Congress to win passage of legislation that would significantly lower rates in order to help retailers and other businesses create jobs.

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