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Nielsen: U.S. consumer confidence on the rise
New York - With gas prices down 31% since June 2014 and oil prices tumbling to their lowest levels in several years, American consumer confidence has improved dramatically. According to the Nielsen Consumer Confidence Report, in fourth quarter 2014 U.S. consumer confidence went up 12 percentage points year-over-year.
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Fast Retailing bringing UNIQLO to Canada
Things didn’t work for Target in Canada, but that hasn’t deterred Japan’s Fast Retailing Co., from announcing plans to enter the market with its UNIQLO format.
The company’s first stores aren’t expected to open until the fall of 2016 when two flagship locations offering budget priced apparel measuring 24,000 and 28,000 square feet are introduced in Toronto.