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Consumer Attitudes & Behavior

  • NRF lists top 10 retailers for best customer service

    New York City -- The National Retail Federation on Friday released its 2010 list that annually ranks the 10 stores with the best customer service.

    The list is based on surveys of more than 9,000 shoppers, all asked the following question: “Thinking of all the different retail formats (store, catalog, Internet or home shopping), which retailer delivers the best customer service?”

    In total, the NRF ranked 46 stores, and will release the complete list in January.

  • Retail hiring slowed in November

    New York City -- The Labor Department’s November report indicated that retailers didn't hire as many new workers during the month as they traditionally do at this time of year, according to the Wall Street Journal.

    The report showed retailers are extending hours of existing workers and some may have hired earlier this year than usual.

  • SpendingPulse Survey shows year-over-year growth

    Purchase, N.Y. -- MasterCard Advisors SpendingPulse report, released Thursday, showed that sales in most retail categories continued to gain momentum over an already strong October showing.

    Year-over-year total apparel sales in November saw a 9.6% increase, the largest year-over-year growth in 2010 for that sector following the previous record in October. Total apparel has recorded eight out of 11 months of year-over-year gains so far in 2010. In November, all of the sub-sectors posted year-over-year growth.

  • Kantar report: Same-store sales get big lift, thanks to promotions

    Columbus, Ohio -- Kantar Retail said Thursday that same-store sales got a big lift to 6% growth in November from a strong promotional environment, as well as from an easy year-ago comparison period and shifting shopper spending intentions.

    The sales-weighted composite for the 30 retailers reporting -- most of them apparel retailers -- was better than the 1.7% same-store sales gain last month and the 0.9% gain in November of 2009 for the same measure. (The calculations don’t include Walmart, which stopped reporting monthly results in April 2009.)

  • Retailers post strong November sales, apparel a top-performer

    New York City -- Retailers nearly across the board reported a strong start to the holiday season as their November sales were enhanced by aggressive discounting that started early in the month. Same-store sales rose 6% in November,  above the estimated growth of 3.6% and the year-ago gain of 0.6%, according to 27 retailers tracked by Thomson Reuters. 

  • Conn's narrows loss in Q3

    Beaumont, Texas -- Consumer electronics chain Conn's reported Thursday that it narrowed its loss for the quarter ended Oct. 31 to $5.1 million, compared with a $14.4 million loss a year earlier.

    Revenue fell 14% to $169.9 million, from $197.5 million. Analysts expected revenue of $167.1 million.

    Same-store sales fell 16.3% during the quarter.

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