-
Consumers cautious in February
The delay of tax refunds helped keep consumer spending in check on February. Retail sales in February inched up 0.2% seasonally adjusted over January, according to the National Retail Federation. (The NRF numbers exclude automobiles, gasoline stations and restaurants.) The industry’s performance in February was mixed. Electronics and appliance stores took the biggest hit, with sales falling 2.8% over the previous month. -
Gifting retailer unloads product line, but gains new business partner
1-800-Flowers.com’s latest business move puts the company in a strategic position to more cost-effectively expand its assortment. The gifting retailer said Wednesday that Ferrero International S.A will acquire the company’s Fannie May Confections Brands, including its subsidiaries Fannie May Confections and Harry London Candies.

