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Luxury leading the way
NEW YORK -- Showing that luxury is experiencing measurable bounce in the recovering economy, the higher-end department stores led the same-store sales pack in March.
Saks outperformed the rest of the category, recording an 11.1% same-store sales increase during the month. Total sales rose 9.2% to $260.2 million, compared with $238.2 million in the year-ago period.
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Long-time retail, marketing exec named to Motorola board
LIBERTYVILLE, Ill. -- Motorola Mobility Holdings has announced the appointment of Jeanne Jackson, president of direct-to-consumer for Nike, to the company's board of directors effective immediately.
"We are pleased to welcome Jeanne to our board and look forward to benefiting from her extensive retail industry knowledge and experience," said Sanjay Jha, chairman and CEO of Motorola Mobility. "Jeanne's background and insight will prove invaluable to Motorola Mobility as we continue to position the company for future growth and success."
