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  • Aeropostale net income edges up in Q3

    New York -- Aeropostale reported Thursday that profit for the third quarter rose to $24.9 million, from $24.1 million last year.
     
    Sales increased 2% to $605.9 million, beating Wall Street’s expected $601.2 million. Same-store sales dipped 2%.

     

  • Tiffany Q3 misses Street; cuts outlook

    New York -- Tiffany & Co. reported Thursday that net income for the quarter ended Oct. 31 plummeted 30% to $63.2 million from $89.7 million, hurt by higher costs and tax rates as well as continued economic softness.

    Revenue climbed 4% to $852.7 million, missing Wall Street’s expected $858.8 million in sales. By region, sales rose 6% in Europe and 3% in the Americas.

    The retailer has cut its full-year earnings forecast.

     

  • Forget game-changer, U of A group recognized as world changer

    The Sustainability Consortium jointly administered by the University of Arkansas and the University of Arizona, with support from Walmart and many of its suppliers, is ranked among 10 ideas changing the way people live by Scientific American.

  • Moody’s: Retailers that opened early on Thanksgiving night gained advantage

    New York -- Retailers that opened early on Thanksgiving evening gained an advantage and that promotional activity was about on par with last year, according to a new Moody’s report, “Thanksgiving Weekend: The Early Bird Gets the Worm.”

  • comScore: Cyber Monday retail spending hits record $1.46 billion

    Reston, Va. -- Spending on Cyber Monday reached $1.46 billion, up 17% versus a year ago, making it the heaviest online spending day in history, according to comScore.

    Retail e-commerce spending for the first 26 days of the November-December 2012 holiday season rose to $16.4 billion, up 16% versus the corresponding days last year.

  • Prospects bright for holiday sales among luxury consumers

    Stevens, Pa. -- Luxury consumers picked up their pace of shopping in the third quarter, with luxury spending up 25.8% over last quarter, according to Unity Marketing's Luxury Tracking Survey. "The first half of 2012 showed affluent consumers restrained in spending on luxury goods and services, but spending rebounded strongly in the third quarter survey with signs pointing to rising demand during the critical fourth quarter," said Pam Danziger, president of Unity Marketing.

  • NACDS raises $1.8 million at New York dinner

    ALEXANDRIA, Va. — The 14th annual National Association of Chain Drug Stores Foundation dinner raised nearly $1.8 million, which will benefit research, charity and scholarships.

  • Exclusive: Black Friday vs. Cyber Monday: Who won the buzz?

    New York -- The sales figures are in for Black Friday and Cyber Monday, but the numbers don’t tell the whole story. Using a sophisticated social media analytics platform, SAP tracked consumer sentiment on these critical shopping days via Facebook, Twitter and 165 million other sites across the social web to identify patterns and uncover revealing shopper insights.

    View SAP’s sentiment-tracking infographic here.

     

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