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  • Conference Board Survey: CEOs say business growth critical challenge

    New York City -- A report released Tuesday by The Conference Board found that the top concern facing CEOs across the globe is business growth.

    The Conference Board CEO Challenge 2011 polled more than 700 CEOs, presidents and chairmen from across geographies and industries regarding the most pressing issues they face in today’s business environment.

  • Consumers could curtail spending in months ahead

    NEW YORK -- Concern about rising energy prices and higher medical costs has many Americans expecting to spend less in the months ahead, a recent Deloitte study revealed. Despite showing no signs of spending less in recent months, the Deloitte survey found that nearly three-quarters (74%) of Americans believe higher prices could slow their spending in the months ahead.  Deloitte's study also revealed that mobile and social connections are helping shoppers make savvier buying decisions in the wake of the recession.

  • NRF: Expected rise in container traffic sign of economic recovery

    WASHINGTON -- Import cargo volume at the nation’s major retail container ports is expected to be up 9% in April over the same month last year, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.

  • Living within their means

    Consumers are using credit more responsibly, according to the latest delinquency data released by Target. The percentage of accounts 60 days and 90 days past due in Target’s credit portfolio experienced meaningful declines during March, and are now at their lowest level in more than two years.

  • Loyalty on the line as Walmart ads tempt Target shoppers

    A whole lot of uncertainty now hangs over Target’s April same-store sales expectations, as Walmart this week began a major advertising offensive to regain customers and restore sales at its U.S. division.

  • March decline at Target no surprise

    Target had forecast a mid-single decline in its March same-store sales, so the 5.5% decline it reported last week was no surprise. The late arrival of Easter is messing with retailers’ sales comparisons, so even though March was a down month for Target, it could have been worse as the comparison with the prior year was a lofty 10.3%. Therefore, last month’s 5.5% decline is a victory of sorts, and March results for retailers overall were better than expected.

  • Limited Brands’ CEO pay package nearly doubles

    New York City -- Lexlie Wexner, 73, the CEO and founder of Limited Brands, received a 2010 pay package nearly double the year before, according to an analysis by The Associated Press. The increase came as business improved for the parent of Victoria's Secret and Bath and Body Works.

    Wexner's total compensation totaled $20.1 million, up from $10.4 million in 2009, because of a hefty increase in stock and option awards and a higher performance-based bonus.

  • Deloitte survey finds consumers bracing for higher prices

    New York City -- Despite showing no signs of spending less in recent months, a new Deloitte survey found that nearly three-quarters (74%) of Americans believe higher prices could slow their spending in the months ahead. Deloitte's study also revealed that mobile and social connections are helping shoppers make savvier buying decisions in the wake of the recession.

  • Retail container traffic to rise 9% in April

    Washington, D.C. -- Import cargo volume at the nation’s major retail container ports is expected to be up 9% in April over the same month last year, according to the monthly Global Port Tracker report released Monday by the National Retail Federation and Hackett Associates.

  • With March behind, retailers look to Easter in April

    WASHINGTON — While the calendar shift of Easter may have taken a toll on retailers' march performance, April sales should see a boost, as the National Retail Federation noted that consumers intend to spend more this year than in 2010.

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