Apple, Inc.

New York -- Holiday sales will reach a record $556.8 billion, a sluggish 2.8% increase from 2011, according to retail consultancy Customer Growth Partners’ 11th annual Holiday Forecast.  

New York -- In a surprise announcement on Tuesday, Apple Inc. said its retail senior VP John Browett abruptly left the company on Monday. Another senior-ranking staffer iOS software senior VP Scott Forstall, will exit next year.

New York -- Results of the 16th annual Brand Keys Loyalty Leaders survey released Friday revealed that Apple, Amazon, Samsung, YouTube and Twitter have the most loyal followings.

Total U.S. shopper traffic in retail stores and malls for September 2012

The end of back-to-school shopping in the U.S. led to a significant drop in foot traffic this past month. September saw a 13.1% decrease in retail foot traffic compared to August. However, this past month continued a streak of year-over-year improvements. September 2012 foot traffic increased 12.9% when compared with the same month last year.

Cherry Hill, N.J. -- Philadelphia-based Pennsylvania Real Estate Investment Trust said that upscale salon Essensuals London has officially opened at its Cherry Hill Mall property in Cherry Hill, N.J.

The 1,530-sq.-ft. salon – the company’s first on the East Coast – joins the recently opened North Face and Henri Bendel. Pottery Barn is set to open this fall.

Rochester, Minn. — Electric Friends, which produces animal-themed speakers for iPhone and iPod, will be available in Toys“R”Us stores nationwide beginning Sept. 28, featured as an end cap throughout the holiday season.

Executive compensation has always been a hot topic in corporate America — and the retail industry is no exception. These days, two trends are upping the attention paid to pay at the top: the ongoing move to performance-based equity, and the scrutiny compensation packages are receiving from increased SEC regulations and shareholder involvement.