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Restructuring, impairment dampen Rent-A-Center Q3 earnings
Plano, Texas -- Pretax restructuring charges related to corporate reorganization and store closures, as well as pretax impairment charges, helped reduce net earnings at Rent-A-Center Inc. 7% to $25.3 million in the third quarter of fiscal 2014 from $27.2 million in the third quarter of the prior year. Revenues grew 2% to $769.5 million from $754.8 million, and same-store sales rose 1.9%.
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American Express: Holiday shopping on smartphones and tablets up 53% in two years
New York -- Using smartphones and tablets to shop for the holidays has grown by 53% since 2012, and is expected to play a big role in decision making and actual purchases this year, according to the American Express Spending & Saver Tracker. The report finds the average American consumer is back to holiday spending at 2012 levels, and will plan to shell out $842 this year (vs. $1,260 in 2013 and $848 in 2012). Consumers saying they will use their gadgets to:
