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Where to Find the Absolute Best Post-Christmas Sales
... courtesy of the recession, overall economic uncertainty, and poor weather. So consumers can expect rock-bottom prices and promotions at several retailers, which plan to sell any overstock in stores, stockrooms, and warehouses, make way for spring inventory, and boost their bottom lines.Here's where you can score some impressive post-holiday deals:J.C. Penney announced it will open at 5:30 a.m. th... |
Black Friday bargains start season off with a bang
...ustry."The National Retail Federation's (NRF) 2006 Black Friday Weekend Survey, conducted by Big Research, also revealed solid holiday sales, with more than 140 million shoppers hitting the stores on Black Friday weekend, spending an average of $360.15, up 18.9 percent from last year's $302.81.clothing or clothing accessories were the most popular items purchased (41.4 percent) as well as books, C... |
Björn Borg sees continues sales & profit growth in weak market
...n was 54.1 percent (54.6).• Operating profit increased by 1 percent to SEK 49.7 million (49.2).• Profit after tax increased by 7 percent to SEK 37.6 million (35.2).• Earnings per share increased by 6 percent to SEK 1.50 (1.42). Fully diluted earnings per share amounted to SEK 1.50 (1.41).Nine-month period January 1 – September 30, 2008• Brand sales increased by 18 percent to SEK 1,869 million (1,5... |
Affliction Clothing to Debut Women's Black Premium Collection
...le brand that embodies our generation's fast and loud attitudethrough contemporary fashion has announced the launch of the AfflictionWomen's Black Premium Collection. This exciting new collection will beshown at Wasted Space in the Hard Rock Hotel & Casino, as well as byprivate showings in the hotel's bowling alley suite, to coincide with theProject Tradeshow. The Women's Bla... |
Pippi S/S collection with practical qualities
...bined in many ways and the general look is striking. When the time comes for hours on the swing and warm days with bucket and spade at the beach, Pippi has strong offers for dressing the little ones. Today, Pippi is a full-concept brand providing clothes for children from newborn to the age of eight. For the youngest, Pippi Newborn offers a broad range focusing mainly on the choice of materials. T... |
Despite Rough Quarter, Nike's at the Top of Its Game
... one third of the company's overall revenue, showed the most weakness, which was to be expected. Sales were down 1% to $1.51 billion, as the American consumer pulled back on discretionary spending. U.S. footwear, which generated a little under $1 billion during the quarter, managed to pull off 1% growth. Nike and Jordan footwear have gained 300 basis points of market share over the past 12 months,... |
Federal Reserve Cuts Rates to Historic Low
The Federal Reserve slashed its target interest rate to a range just above zero and promised to march ahead with unconventional measures to combat a recession that has deepened in the past few weeks.The Fed said it would keep its target interest rate -- an overnight bank lending rate called the federal funds rate --– between zero and a quarter percentage point after having moved it to 1% in Octo... |
Icahn to increase shares of Federated
...th of additional shares in Federated Department Stores.Federated announced on Thursday that it had received notice of Icahn's plans to file for clearance for the acquisition through with the Hart-Scott-Rodino Antitrust Improvements Act.Filings with the Securities and Exchange Commission show Icahn Management currently holds about 2 million shares in Federated, worth about $74 million."We're glad M... |
Unemployment Insurance Benefits: What You Should Know
...nemployment rates that have averaged 6% or higher over the most recent three months.Workers typically get 26 weeks of unemployment benefits, and it's not uncommon for the government to extend that during economic slowdowns.Worried about how to make ends meet without a paycheck? Here's what you should know to take advantage of the new law.How you qualify: To be eligible, you must be unemployed thro... |
Gem exhibit debuts at Houston museum
...'s Cullen Hall of Gems and Minerals."Minerals come straight out of the ground with amazing color and fascinating, extremely artistic forms, with absolutely no help from humans," said Joel A. Bartsch, president of the Houston Museum of Natural Science and curator of the Cullen Hall of Gems and Minerals and the Smith Gem Vault, in a statement. "With the Smith Gem Vault, we wanted to build on the sto... |
Myshape introduces Valentine’s Day Collection
... have adorned the cast of Desperate Housewives including Eva Longoria, Marcia Cross, Felicity Huffman, Nicolette Sheridan, along with TV show "Starter Wife's" Deborah Messing and a host of celebrities including Heather Graham, Marisa Tomei, and Shanon Elizabeth.And you can always share the love for Valentine's Day with myShape Gift Certificates and treat yourself or someone special to a personal s... |
ShopNBC lowering its jewelry ambitions
...ry focus this year to more moderately priced, conservative pieces, as part of an overall organizational strategy to reduce the average price of the goods it sells.Minneapolis, Minn.--After a year in which jewelry product slowed sales and shrunk margins, ShopNBC will set its sights on lower-priced pieces, the company's new head said in a conference call on Tuesday.In a question-and-answer session f... |
Jones Apparel Group, Inc. Completes $600 Million Amended and Restated Bank Credit Facility
... greater flexibility in the operation of its businesses duringthese unprecedented economic times. Fees and interest rates under thefacility increased to current market rates, and Jones will grant certainsecurity for borrowings under the facility. In addition, Jones will paycustomary execution fees. The credit facilities are primarily used as backing for the issuance oftrade lette... |
La-Z-Boy Reports Fiscal 2009 Third-Quarter Results
...SE: LZB) today reported its operating results for the fiscal thirdquarter ended January 24, 2009. -- Net sales for the period were $288.6 million, down 23% compared withthe prior year's third quarter, reflecting ongoing demand challenges in adifficult macroeconomic environment. -- The company generated $28.0 million in cash from operations,including $8.1 million... |
Tissu Premier - two profitable days for fashion industry
...visitors, the principal consideration of each of the 200 exhibitors, 96% of whom come from all over Europe, is their end-customer i.e.THE consumer, who now holds the reins. We no longer know what to expect from him; he wants to buy when he wants and where he wants. His expectations are forever changing and, not only do we have to guess what they are, but we also have to stay one step ahead.Tissu P... |
20 bikinis to buy for less than $20
FEELING the pinch but desperate for a new holiday wardrobe?Don't worry! we have Credit Crunch Couture all sorted. From now on we'll bring you regular fashion fixes for style-savvy shoppers on a budget. This week CHLOE WOOD tracks down ten hot bikinis for under 20. Red alert ... $12 H&M Stripey ... $9 Matalan Pretty in purple ... $8 Matalan Chic ... $8 Matalan Pucci-esque ... $6 Matalan Lean, g... |
Polo Ralph Lauren to Assume Direct Control of Distribution in Southeast Asia
...al Limited will continue to operate as the Company’s licensee in the region through December 31, 2009. The Company’s Southeast Asia region is comprised of China, Hong Kong, Indonesia, Malaysia, the Philippines, Singapore, Taiwan and Thailand.“Today’s announcement represents a significant strategic step for our Company as we continue to develop our business globally,” said Ralph Lauren, Chairman an... |
Detroit Reels as Auto Sales Skid
...y 2008 to 62,157 vehicles. General Motors Corp.'s sales slid 49% to 128,198. Ford Motor Co.'s dropped 40% to 93,041.The declines were steeper than anticipated and came against a backdrop of sluggish consumer spending for all types of goods. The auto makers blamed sharply lower purchases by fleet operators such as car-rental concerns, as well as the inability of many consumers to obtain car loans.O... |
NRF forecasts dip in Valentine's Day sales
...h from the National Retail Federation (NRF) shows that there will be a little less love for jewelers this year.Despite the shaky economy, consumers will continue buying gifts that are traditional favorites, including jewelry, but they will spend less this year, according to the NRF's 2009 Valentine's Day Consumer Intentions and Actions survey, conducted by Big Research. The study found that consum... |
Stocks up after GMAC lifeline, retail sales dip
...Wall Street put together a moderate advance in light post-Christmas trading Friday after the government threw a lifeline to General Motors' financing arm, but gains were limited by dreary holiday shopping readings that dimmed the chance of a big year-end rally.The major indexes finished the week with losses, but the market nonetheless showed further signs of stability.The news from the retailing s... |
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