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  • Red Bull B.A.S.E. jumper soars to new heights

    LOS ANGELES, Calif. — Nearly 60 years to the day after Edmund Hillary and Tensing Norgay climbed Mount Everest, 48-year-old Russian Valery Rozov has jumped off its north face at 23,667 ft. to set a world record for the highest B.A.S.E. jump.

  • Study: Walmart, Safeway score top marks on consumer charity donations

    CHICAGO — Cause Marketing Forum on Wednesday named America’s Checkout Charity Champions, a first-of-its-kind study ranking the largest consumer checkout donations in the United States last year.

  • DSW Q1 net income drops 13%, but still beats predictions

    Columbus, Ohio -- DSW Inc. experienced drops in both net income and same-store sales for the first quarter of fiscal 2013. Net income declined about 13%, dropping to $34.5 million from $39.9 million in the year-ago period, amid hefty one-time charges. Its results, however, beat analyst expectations.

    For the quarter ended May 4, same-store sales declined 2.4%. In one bright spot, sales rose almost 8% to $601.4 million, from $558.6 million.

  • PriceGrabber: Father’s Day gets practical

    Los Angeles – A survey from online shopping site PriceGrabber indicates U.S. consumers are leaning toward practical Father’s Day gifts this year. Almost four-in-10 (38%) consumers plan to purchase practical Father’s Day presents this year, such as tools, auto accessories or appliances.

    Nearly one-fifth of respondents (18%) are planning to shop for a tech-type gift such as a computer, tablet or smartphone. Forty-five percent of men plan to buy a practical gift, compared to 33% of women.

  • Consumer confidence reaches highest level in five years

    New York -- Consumer confidence climbed to the highest level in more than five years, according to The Conference Board. The group’s closely-watched sentiment index rose to 76.2 in May, the highest since February 2008, and up from a reading of 69.0 in April.

    The expectations index jumped to 82.4 in May from 74.3 in April to mark the highest level in seven months. The present situation index rose to 66.7 from 61.0. The share of consumers expecting more jobs to open in the next six months increased to a five-month high.

  • Survey: Women seek value, connection

    Minneapolis -- Female consumers are looking for value and deeper connections, according to results of the fifth annual “What Women Want” survey. The study, conducted by Ginger Consulting, indicates that women are responsible for or influence $7 trillion of annual purchases in the U.S., including 85% of all consumer and business purchases and 60% of automobile purchases,

  • Stein Mart reports higher profit in first quarter

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  • Consumer confidence rises on economic optimism

    New York -- A Thursday report by Bloomberg said that U.S. consumer confidence for the week ended May 19 advanced, indicating that Americans’ outlook on the economy is optimistic.

    The weekly Bloomberg Consumer Comfort Index increased to minus 29.4 from minus 30.2 the prior week. A measure of personal finances was positive for a sixth consecutive week, the longest stretch in more than five years, according to Bloomberg.

  • A.T. Kearney study: Retailers under-utilizing customer data

    Chicago -- Leading retailers are much better than other retailers at collecting data, measuring activities, acting on their insights, and measuring again to see the results, according to A.T. Kearney’s 2013 Achieving Excellence in Retail Operations (AERO) Study.

  • Dollar Tree has record Q1 sales

    Chesapeake, Va. – Dollar Tree reported record net sales for first quarter 2013, with consolidated net sales of $1.87 billion, an 8% increase from $1.72 billion during the same quarter of the prior year. Net income totaled $133.5 million, and same store sales grew 2.1%, on top of a 5.6% increase recorded during first quarter 2012. Dollar Tree estimates full fiscal year net sales will range from $7.81 billion to $7.97 billion.

    Dollar Tree president and CEO Bob Sasser said he is pleased with the first quarter results.

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