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Survey: Dec. 21 to be biggest shopping day for jewelry and luxury
New York -- MasterCard Advisor’s latest MasterCard Spending Pulse survey found that there are some product categories that won’t see the biggest spending uptick on Black Friday and Cyber Monday.
The monthly SpendingPulse report anticipates that the biggest shopping day of the season for jewelry and luxury retailers will be Dec. 21 – the last Saturday before Christmas, which is becoming commonly known as “Super Saturday.”
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Gap's Q3 profit rises 9.4%; OKs $1 billion share repurchase authorization
San Francisco -- Gap Inc. reported a 9.4% increase in third-quarter profit as the retailer's turnaround continues. The company also reaffirmed its full-year profit guidance and said it is increasing its stock buyback authorization by $1 billion.
The chain posted net income of $337 million in the three-month period ended Nov. 2, compared with $308 million last year.