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Budgets/Spending/Market Size

  • Deloitte survey predicts increase in mobile commerce, sales for the holidays

  • Report: Walmart to raise healthcare premiums

    New York -- Walmart’s U.S. employees will pay between 8% and 36% more in premiums for its medical coverage in 2013, Reuters reported.  

    For its most popular plan, which covers individuals, the payment per bi-weekly paycheck is going up by $2, or 13%, the report said. Some other plans would have higher increases.

  • First Data: Card spending growth robust in October

    Atlanta -- Hurricane Sandy impacted spending in the Northeast, according to First Data’s most recent SpendTrend report, which analyzed date for the full month of October 2012 compared with October 2011. SpendTrend tracks same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks at U.S. merchant locations.

  • Survey: Companies committed to green building, but not to LEED certification

    New York -- Companies remain committed to constructing green buildings, according to a survey by Turner Construction Co. The company’s 2012 Green Building Market Barometer found that while executives remained committed to incorporating sustainable building practices into their building programs, fewer said their companies were likely to seek LEED certification from the U.S. Green Building Council when constructing a green building.

  • Customer Growth Partners forecasts sluggish 2.8% rise in holiday sales; apparel and accessories strongest categories

    New York -- Holiday sales will reach a record $556.8 billion, a sluggish 2.8% increase from 2011, according to retail consultancy Customer Growth Partners’ 11th annual Holiday Forecast.  

  • Hurricane Sandy reduces retail sales by nearly 20%

    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.)

  • ComScore: Online retail spending up 15% to $41.9 billion in Q3

    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.

  • Cache loss widens in Q3

    New York -- Cache reported Tuesday a loss of $6.4 million for the quarter ended Sept. 29, widened from a loss of $1.8 million in the year-ago period.

    Sales dropped 5.9% to $45.8 million, and same-store sales declined 2.9%.

    The retailer is currently on a hunt for a new president.

     

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