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Winter Holidays

  • Retail container imports to increase 8.5% in September; strong holiday numbers expected

    Washington, D.C. -- Import cargo volume at the nation’s major retail container ports is expected to increase 8.5% in September compared with the same month last year, and strong increases are expected into the holiday season despite talk of a possible strike at East Coast and Gulf Coast ports, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

  • Survey: Retailers bullish about holidays; up hiring plans

    Philadelphia -- Three-fourths (75%) of retailers forecast an increase in holiday sales this year, according to a survey by Hay Group, a global management consultancy.

    The annual Seasonal Staffing Survey report also finds that retailers have more confidence in holiday hiring plans. While 57% of retailers plan to hire seasonal workers at the same level as 2011, 36% say they will be hiring more. This stands in contrast to 2011 when just 10% planned to hire more seasonal workers than the year prior.

  • Simon puts comps, other initiatives in perspective

    Walmart U.S. president and CEO Bill Simon was feeling pretty good earlier this week as he reeled off accomplishments and emerging opportunities during a presentation at a Goldman Sachs retail conference.

    Simon appeared at the same conference two years earlier when Walmart was in a very different place in terms of its financial performance and its share price. His presentation this year was markedly different given all that has occurred under his leadership.

  • Kmart joins trend of cutting layaway fees

    HOFFMAN ESTATES, Ill. — The trend of doing away with layaway fees continues, this time with Kmart announcing that it has removed its layaway service fee both in stores and online through Nov. 17.

    The retailer follows suit with Toys"R"Us, which said it would drop the $5 upfront service fee and eliminate the minimum purchase requirement for all orders created in stores through Oct. 31 and Walmart, which, while not cutting back its layaway fee, has rolled it back to $5 from $15.

  • Sears, Kmart jump on layaway bandwagon by waiving fees

    Hoffman Estates, Ill. -- Sears Holdings Corp. said Friday that both its Sears and Kmart banners would waive layaway fees for the holidays, allowing shoppers to open interest-free pay-over-time programs at both stores and online with no customary initial fees. Kmart’s program will run through Nov. 17, but Sears Holdings had yet to set a timeframe for its namesake stores.

    In the past, Kmart and Sears have charged $5 for an eight-week layaway contract and $10 for the 12-week program.

  • Walmart tweaks layaway fees to match rival

    Walmart this week modified a layaway program that had yet to begin after Toys "R" Us said it wouldn’t charge a service fee and lifted minimum purchase requirements for its program.

    The layaway saga began in late August when Walmart said the start date of its layaway program would begin on September 16, a month earlier than the prior year. Curiously, Walmart also said at that time the fee to open a layaway account would increase to $15 from $5 the prior year.

  • Lowe's, Habitat for Humanity celebrate Hispanic Heritage Month

    DALLAS — Habitat for Humanity and Lowe’s are joining together to celebrate National Hispanic Heritage Month with two large construction projects that will bring together Lowe’s Heroes, community organizations, schools and local VIPS to celebrate Hispanic heritage while building strong foundations for the future in partnership with Dallas and Houston families. The project includes building two new homes and completing critical repairs on three existing homes in partnership with low-income families.

  • Wal-Mart slashes holiday layaway fee in response to customer complaints

    Bentonville, Ark. -- Wal-Mart Stores said Tuesday it has lowered its holiday layaway fee from $15 to $5, saying that the move is in response to customer feedback.

    Customers may begin to open layaway accounts under the new fee arrangement on Sept. 15, and it runs through Dec. 14.

    According to Duncan Mac Naughton, chief merchandising and marketing officer, Walmart U.S., “this is a direct response to feedback we received since announcing this year's Holiday Layaway program. [It] makes Walmart more competitive in the marketplace.”

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