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  • Prospects bright for holiday sales among luxury consumers

    Stevens, Pa. -- Luxury consumers picked up their pace of shopping in the third quarter, with luxury spending up 25.8% over last quarter, according to Unity Marketing's Luxury Tracking Survey. "The first half of 2012 showed affluent consumers restrained in spending on luxury goods and services, but spending rebounded strongly in the third quarter survey with signs pointing to rising demand during the critical fourth quarter," said Pam Danziger, president of Unity Marketing.

  • Too Much Information on Credit/Debit Card Receipts can Cause Big Problems for Businesses

    By Brendan W. Walsh, [email protected]

  • NACDS raises $1.8 million at New York dinner

    ALEXANDRIA, Va. — The 14th annual National Association of Chain Drug Stores Foundation dinner raised nearly $1.8 million, which will benefit research, charity and scholarships.

  • Toys ‘R’ Us opens new distribution center in Canada

    Toronto -- To better accommodate its customers in Western Canada, Toys “R” Us has partnered with SCI Logistics to open a new distribution center in Delta, British Columbia. The 180,000-sq.-ft. facility is strategically positioned to receive goods from overseas and domestic manufacturers who can now ship directly to British Columbia for distribution to local Toys “R” Us and Babies “R” Us stores.

  • Tiffany: From Out of the Blue heads into the cloud

    NEW YORK — Tiffany & Co. is polishing up its social media efforts to more effectively engage with a new generation of shoppers with its launch of From Out of the Blue on Tumblr.

  • Ann Inc. Q3 same-store sales up 5.5%; raises full-year outlook

    New York -- Ann Inc. on Wednesday reported net income was $40.7 million in the third quarter of 2012, versus $32.3 million in third quarter 2011. The company also increased its outlook for the full year of fiscal 2012.

    Total net sales for quarter were $612.5 million, compared $564.0 million in the year-ago period. By brand, net sales across all channels of the Ann Taylor brand totaled $244.6 million compared with net sales of $229.7 last year At the Loft brand, net sales across all channels were $368.0 million, compared with $334.3 million last year.

  • Costco gives shareholders a special gift

    Costco will pay a $7 a share special dividend before year end as it looks to return cash to shareholders in advance of what is expected to be a 2013 tax increase on dividend payments.

    The total payout will amount to about $3 billion and is extraordinarily generous. Especially considering Costco’s net cash provided by operating activities for its fiscal year ended September 2, was only slightly more than $3 billion and cash, cash equivalents and short term investments totaled $4.854 billion.

  • Holiday Shopper Sentiment Report: Behind-the-Scenes Q&A

    Where did the idea for the Black Friday and Cyber Monday Consumer Face-Off originate?

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