Yesterday the National Retail Federation's board of directors asked Congress and President Bush to launch legislation to put forth an economic stimulus package in an effort to fight a slowdown in consumer spending. Holiday sales increased 3%, according to the US Department of Commerce, lower than the...
NEW YORK CITY-NRF is forecasting a 3.5% retail-sales increase this year, down from an expected 4% increase in 2007 and the 5% annual average increase in the last decade.
Is Wal-Mart taking on Tesco as the latter ramps up its US presence? Yes, according to a report in the Financial Times. Wal-Mart is apparently testing four 20,000-sf, grocery-store units to compete with the British retailer's rollout , which will feature 10,000-sf locations. The article says that the...
Ah, the 1950s. Those were simpler times. (If you don't count the Cold War, McCarthyism and crazy movies). One not-so-crazy movie that we've found, courtesy of the people at the Malls of America blog, is a PR spot entitled "Shopping Can Be Fun" from 1957 about Hillsdale Shopping Center, in San Mateo, CA. According...
While other retailers announced their plans to close stores in the last week, Abercrombie & Fitch has gone the other route, making public its plans to launch an underwear line called Gilly Hicks. Management of the New Albany, OH-based company had previously called the brand "Concept 5," as it is the...