News

New York City -- The Deloitte Consumer Spending Index, released Monday, rose in February, driven primarily by the slight improvements in real home prices and initial jobless claims, according to the company.

The Index attempts to track consumer cash flow as an indicator of future consumer spending.

BENTON HARBOR, Mich. -- Whirlpool announced that it was awarded  the 2011 Energy Star Sustained Excellence award by the U.S. Environmental Protection Agency (EPA). The award recognizes the company's leadership in offering consumers energy and water efficiency through its leading home appliance brands, Whirlpool reported. According to the company, Whirlpool was the only appliance manufacturer to receive the Sustained Excellence award, the highest possible Energy Star award. This is the company's 12th top Energy Star award and sixth consecutive Sustained Excellence win.

NEW YORK -- Macy’s announced Matthew Williamson as the second acclaimed fashion designer to take part in the designer capsule collection series for the retailer’s contemporary fashion Impulse department. Sold in approximately 225 Macy’s stores nationwide and on macys.com beginning April 13, Williamson’s collection will include dresses, tops, scarves and unique leather and suede pieces.

Price points for the collection will range from $50 to $120, with specialty pieces selling up to $300. 

PAWTUCKET, R.I. -- Hasbro announced that it has signed a strategic development agreement with Jagex Limited to jointly create a new online game based on the Transformers brand. Under the agreement, the two companies are slated to launch the Transformers online game in 2012 in North America, Latin America, Europe, New Zealand and Australia.

It promises to be a fashion forward spring at Target as this week began a first-of-its-kind designer event online and in stores. The company is celebrating five years of its GO International program by offering a collection of 34 dresses from 17 designers who participated in the program in the past. Ranging from $24.99 to $44.99, the GO International Designer Collective will be available March 13 through April 10.

CHICAGO -- The Network of Executive Women,  the consumer products and retail industry’s largest diversity organization, has announced leadership changes. Joan Toth has been named president and CEO of the Network of Executive Wome. She has held the title of executive director since shortly after the Network was founded in 2001.

The Network’s top elected official--Michelle Gloeckler, SVP merchandising execution at Walmart Stores--has been named Network chair. She had previously served has president

Matthews, N.C. -- Family Dollar today showed why dollar stores are such a hot commodity right now by reporting a comparable-store sales increase of 5.1% for the second quarter ended Feb. 26. Net sales for the quarter increased 8.3% to $2.26 billion, from $2.09 billion last year. According to the company warmer weathr earlier in the year as well as strong performance in its consumable and seasonal categories helped drive sales.

ARMONK, N.Y. -- IBM has announced new software and the creation a new consulting practice dedicated to the emerging category of "smarter commerce," which is focused on helping companies swiftly adapt to rising customer demands in today's digitally transformed marketplace.