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eCommerce

  • ComScore: Online spending up 13% to $36 billion in Q3

    Reston, Va. -- Online retail spending reached $36.3 billion for the third quarter of 2911, up 13% versus year ago, according to comScore. This growth rate represented the eighth consecutive quarter of positive year-over-year growth and fourth consecutive quarter of double-digit growth rates.

  • U.S. households to spend $497 on holiday gifts

    New York City -- The Conference Board reported Wednesday that U.S. households are expected to spend an average of $497 on gifts this holiday season. Just 7% of consumers said they plan to spend more on holiday gifts this year, while approximately 40% plan on spending less than last year.

  • Retail in the Black (Friday)

    When it comes to Black Friday, you’re either in or you’re out. If you’re like me, the whirlwind of retail chaos that swirls around shopping centers the Friday after Thanksgiving can feel a bit overwhelming. The sales and deep discounts are tempting, but wading through crowds and fighting for parking spaces is not my idea of a “happy” holiday. But I have plenty of friends and family – and I’m sure you do too – who look forward to Black Friday with the anticipatory excitement of kids on Christmas Eve.

  • Dunkin’ Donuts signs agreement for 12 locations in Des Moines

    Canton, Mass. -- Dunkin' Donuts announced the signing of a multi-unit store development agreement with father and son team, Jim and Drew Cownie for 12 new restaurants in Des Moines, Iowa.

    The first restaurant is slated to open in 2012 and the remainder by 2018.

  • Cabela’s announces new credit facility

    Sidney, Neb. -- Cabela’s Inc. announced the signing of a new credit facility with a consortium of financial institutions led by U.S. Bank.

    The new $415 million, five-year credit facility replaces Cabela’s existing $350 million, five-year agreement signed in 2007. Additionally, the new facility may be increased to $500 million subject to certain terms and conditions.

  • New Era to open Chicago flagship

    Buffalo, N.Y. -- New Era announced it will open its 10th flagship, in the heart of downtown Chicago. The two-level, 4,500-sq.-ft. store, New Era's largest location to date, will sell licensed and New Era branded headwear, apparel and accessories for men, women and kids. The brand is best known for being the official on-field cap for Major League Baseball.

  • Urban Outfitters restructures leadership

    PHILADELPHIA — Urban Outfitters Monday announced leadership changes at Anthropologie, Terrain and Urban Outfitters.

    David McCreight has been appointed CEO Anthropologie Group, effective Nov. 15. In this new role, McCreight will be responsible for Anthropologie North America, Anthropologie Europe and BHLDN.

  • Urban Outfitters announces executive changes across its brands

    Philadelphia -- Urban Outfitters Inc. announced a series of management changes across all its brands, including naming David W. McCreight to the new position of CEO, Anthropologie Group, effective Nov. 15.

    McCreight, 48, most recently served as president of Under Armour, from 2008 until 2010. Prior to that, he was president of Lands' End from 2005 to 2008.

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