Study: Consumer Spending Index turns negative
New York--Substantial increases in unemployment claims and a continued weakness in the housing market in October caused the Deloitte Research Leading Index of Consumer Spending to produce a negative...
International chains look to emerging markets
New York—International retailers are looking at emerging markets such as Latin America to drive their growth through 2012, according to a recent study by CB Richard Ellis Group.
Economy not bad news for all retailers
Los Angeles—While the majority of retailers are rocked by the current worldwide financial turmoil, it isn't bad news for everyone, speakers at a recent retail real estate conference said.
Study: Consumer spending slides in July
New York—After a slight uptick last month, consumer spending fell again in July, continuing the decline seen since October 2007, according to the Deloitte Research Leading Index of Consumer...
World Jewelry Center appoints SVP
Las Vegas—The World Jewelry Center (WJC) has appointed David Girty to the newly created position of senior vice president of the commercial office division.
Innovate, Penney chief tells shopping center operators
Myron Ullman, J.C. Penney Co. chairman and chief executive, told attendees at the International Council of Shopping Centers' annual meeting that the industry needs innovative ideas and tenants, The...
August sales see slight gain
New York—U.S. chain store sales increased 1.7 percent in August, compared with the same period last year, according to the latest study by the International Council of Shopping Centers (ICSC).
Man Sang fiscal year sales up 59 percent
New York—Net sales for Man Sang Holdings Inc., one of the world's largest Chinese cultured- and freshwater-pearl purchasers and processors, increased 59.1 percent to approximately $81 million...
Retail sales slide in October
New York--U.S. chain store sales fell by 0.9 percent in October, compared with the same period last year, as uncertainty surrounding the financial markets caused consumers to put off discretionary...
Israel Diamond Exchange to expand
Tel Aviv, Israel—The Israel Diamond Exchange (IDE) is adding approximately 123,785 square feet of office space to its complex, enabling the expansion and immediate development of the Israeli...
NRF calls on Congress to stimulate economy
New York—The National Retail Federation (NRF) board of directors is calling on Congress and President Bush to enact economic-stimulus legislation that would put dollars back in consumers'...
Retail sales slide in October
New York—U.S. chain store sales fell by 0.9 percent in October, compared with the same period last year, as uncertainty surrounding the financial markets caused consumers to put off discretiona...
Study: Consumer spending lowest since 2001
New York—With house prices falling nearly 12 percent in March and unemployment claims increasing 9.8 percent in the same period, consumer spending has reached its lowest level since 2001,...
Survey: Consumer spending drops in January
New York—Falling home prices and lower hourly earnings have caused a fourth consecutive drop in consumer spending since September 2007, according to the Deloitte Research Leading Index of...
ICSC: U.S. chain store sales up slightly this holiday season
Same-store retail sales at U.S. chain stores will likely increase 1.7 percent during the November-December holiday shopping period, according to the latest research from the International Council of...
Lord and Taylor to expand in Canada
Toronto—The private equity firm that owns both Lord and Taylor and Fortunoff department stores has acquired a Canadian retail company, setting the stage to expand its operations in that market.
Study: Consumer spending perks up in June
New York—Tax rebate checks coupled with a decrease in the tax burden and a lower decline in real wages has put a break this month on the freefall in consumer spending seen since October 2007,...
ICSC: Chain store sales up slightly this holiday
New York—Same-store retail sales at U.S. chain stores will likely increase 1.7 percent during the November-December holiday shopping period, according to the latest research from the Internatio...
E-vanka Trump's online venture
Web site Ivankatrumpcollection.com will be launched early next month prior to Valentine's Day, Fashion Week Daily reported.
Study: Wealthiest feeling weight of economy
Reston, Va.—U.S. consumers in all income segments cut back on spending this summer due to economic concerns, with the greatest increase in cutbacks coming from those with the most household...