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After August comps gains, retailers should expect reduced spending
COLUMBUS, Ohio — Retail same-store sales held steady with a 4.9% gain in August as retailers reported mostly solid back-to-school results at the same time sales at department stores were hurt by the impact of Hurricane Irene and weaker spending plans by shoppers, Kantar Retail reported on Thursday. However, shoppers plan on reducing their spending over the next few months, the company reported.
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Tommy Bahama to open at Town Center at Boca Raton
Boca Raton, Fla. -- Indianapolis-based Simon Property Group said that Tommy Bahama will open a new store at Town Center at Boca Raton, located in Boca Raton, Fla.
The new 3,400-sq.-ft. store is slated to open Sept. 1. The grand opening is scheduled for Sept. 10.