News

NEW YORK — American Express has launched a new venture with Twitter, that could lead to a whole new category of shopping.

With nearly two out of three* consumers using mobile devices to research products and make purchases, the adaptation to this ever changing consumer shopping behavior is more crucial than ever. 

Total U.S. Shopper Traffic in Retail Stores and Malls for January 2013

Retailers pushed to extend the high level of holiday shopping and foot traffic by promoting post-holiday specials and markdowns on seasonal merchandise in January. However, as expected, shopper traffic continued to drop off significantly after the end of the holiday season. 

Washington, D.C. -- A report released Friday by the National Retail Federation and Hackett Associates estimated that retail imports will increase 8.5% in February, after a contract deal between the East Coast and Gulf Coast dockworkers is finalized.

The monthly Global Port Tracker report said that, had a key West Coast agreement also been settled, import cargo volume at the nation’s major retail container ports would possibly have seen an additional rise.

NEW YORK — Christian Siriano and Payless ShoeSource have teamed up to bring immediate shopper access to affordable runway fashion with the Feb. 18 availability of the LeToile, a direct-from-the-runway style featured in Siriano's show, offered at thousands of Payless stores nationwide and Payless.com for just $30.

Underwriters Laboratories’ UL Environment division introduced an updated version of its EcoLogo to designate the sustainability of toys.

The EcoLogo is the first environmental toy standard developed with input from the Toy Industry Association (TIA), according to UL. It establishes a points-based model for the evaluation of performance, and recognizes manufacturers for sustainability leadership and innovation with the addition of a Platinum level certification for the highest achievement.

MONTREAL — Target has presented its Emerging Designer Award to Mélissa Nepton. Nepton was selected from a group of five finalists as the grand prize winner during the final competition hosted last night at Montreal Fashion Week. The Target Emerging Designer Award is part of the Designers Fund, a joint initiative of Groupe Sensation Mode and Fondation de la mode de Montréal.

PARK CITY, Utah -- Skullcandy, a manufacturer of performance headphones, has named Rick Alden, the company's founder, former CEO and a current director, as Interim CEO. Jeremy Andrus has decided to step down from his positions as resident and CEO and a company director to join a private investment firm. He will serve as a consultant to the company over the next 12 months.