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Retail

  • Election 2012: The impact on retail

    New York -- The National Retail Federation on Wednesday said it looked forward to continuing to work with President Obama and the new Congress toward the goal of putting Americans back to work and ensuring that the nation’s economy remains the strongest in the world.

  • Hurricane Sandy reduces retail sales by nearly 20%

    New York -- Hurricane Sandy is being held responsible for reducing U.S. retail sales in the Mid-Atlantic and Northeast region by about $4 billion last week, according to MasterCard Advisors SpendingPulse.

    According to the report, the region, which accounts for about 24% of retail sales nationwide, typically generates $18.7 billion in sales for that particular week ended Saturday, the Associated Press reported. But revenue came in at about $15 billion. (The figures exclude auto sales.)

  • Kohl's enhances online shopping for the holidays

    MENOMONEE FALLS, Wis. — Kohl’s Department Stores has launched its Kohls.com Holiday Gift Shop.

  • Macy’s Q3 profit up 4.3%, beats estimates; to stop reporting monthly sales

    Cincinnati – Macy’s on Wednesday reported a better-than-expected 4.3% increase in third-quarter net income, helped by sales gains, and slightly raised its full-year profit outlook.  

    Macy’s also announced that it will discontinue reporting monthly sales, beginning in fiscal 2013. Sales will continue to be reported quarterly, along with earnings and cash flow.

  • NRF ready to work with Obama

    WASHINGTON — President Obama is back for another term, and whether or not the National Retail Federation supported his re-election, the group said it is ready to work with him on key issues facing the retail industry.

    The National Retail Federation Wednesday released the following statement from President and CEO Matthew Shay on the re-election of President Obama:

  • Holiday Hire Now, Permanent Employee in 2013: Who Will Make the Cut?

    By Jason Hamilton, employersolutions@snagajob.com

  • Macy's headed into holidays on heels of strong Q3

    CINCINNATI — Macy’s Inc. is well positioned for strong holiday season as it continue to report quarterly sales and earnings growth.

  • ComScore: Online retail spending up 15% to $41.9 billion in Q3

    Reston, Va. -- Online retail spending in the United States reached $41.9 billion in the third quarter, up 15% versus year ago, according to comScore. This represents the twelfth consecutive quarter of positive year-over-year growth and eighth consecutive quarter of double-digit growth.

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