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Weather dampens holiday sales
Chicago – Wintry weather across the Midwest and Northeast took its toll on store traffic, as a report by ShopperTrak showed that in-store sales for the week of Dec. 9 to Dec. 15 were down 0.8% from the same week last year. New data from ShopperTrak also shows that in-store shopper traffic also fell last week by 19.9% compared to the same time period in 2012.
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3M shares five year growth, profit blueprint
3M wowed investors on Tuesday by sharing aggressive organic growth plans, doubling a share repurchase program, raising the prospect of billion dollar acquisitions and increasing its dividend by 35%.
The $30 billion company offered the details during a meeting with investors to update a five-year growth plan that extends through 2017. The plan envisions 9% to 11% growth in earnings per share, 4% to 6% organic revenue growth and approximately a 20% return on invested capital.