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US House passes pro-consumer credit card bill
...y approved a bill to restrict credit card practices and eliminate sudden increases in interest rates and late fees that have entangled millions of consumers.The legislation, dubbed the credit Card Holders' Bill of Rights, passed by a bipartisan vote of 357-70 following lobbying by President Barack Obama and members of his administration.Officials make an announcement about their amendment to the C... |
Survey: Fewer grad gift shoppers but bigger spend
...sumers plan to buy graduation gifts this year but those who are in the giving mood will spend more, the latest research from the National Retail Federation (NRF) shows.NRF's "2010 Graduation Consumer Intentions and Actions" survey, conducted by BIGresearch between May 4 and 12 using 8,431 consumers, found that 31.4 percent of consumers plan to buy graduation gifts, compared to 32.5 percent in 2009... |
Obama set to sign new rules for credit cards
...TON -- New rules for the credit card industry that are designed to protect consumers from surprise charges, such as over-the-limit fees and costs for paying a bill by phone, are part of a bill President Barack Obama is set to sign into law.File photo shows a customer swiping his credit card at a gas station pump in Morganton, N.C.Obama plans to sign on Friday an overhaul of credit c... |
Citigroup 1Q results top Wall Street forecasts
...y in its investment bank. Its credit costs were high, though - at $10 billion - due to $7.3 billion in loan losses and a $2.7 billion increase in reserves for future loan losses.Citigroup has been the weakest of the large US banks, posting quarterly losses since the fourth quarter of 2007. But in March, CEO Vikram Pandit triggered a stock market rally after he said that January and February had be... |
Consumers to hunt for holiday bargains, NRF says
... of holiday shoppers will buy gifts or other holiday-related merchandise at thrift stores or resale shops.In order to compensate for soft sales, retailers are cutting back on inventory, a trend with which retail jewelers can identify. According to the NRF's Port Tracker report, released in September and available here, traffic to the nation's ports has scaled back to levels not seen since 20... |
NRF: Grads to see green this year
...all Americans who plan to buy gifts for graduates this year will give them cash, the latest report from the National Retail Federation (NRF) shows.According to the NRF's 2009 Graduation Consumer Intentions and Actions survey, conducted by Big Research, 58.9 percent of gift-givers will give graduates money, up from 56.8 percent last year.In addition, approximately 29 percent will give gift cards, d... |
Where to Find the Absolute Best Post-Christmas Sales
...riday, Cyber Monday, weeks of gift wrapping, hitting stores, and checking off lists. But just when you thought it was over, retailers across the country are offering post-Christmas, year-end, and clearance sales in hopes of luring shoppers back into stores.Make way for the new Black Friday, the day after Christmas. For many retailers, the holiday shopping season is expected to be a bust, courtesy ... |
Survey: Holiday shopping to go later into year
...t) will still be shopping for gifts the week leading into Christmas, and 4 percent expect to shop on Christmas Eve. However, according to the survey, these consumers aren't necessarily procrastinating: Some are time-strapped (18 percent), while many are practicing savvy shopping tactics, specifically:31 percent are holding out for the best deals.Almost one in five consumers (19 percent) is still s... |
Study: Gift-spending to rise this holiday season
Shoppers buying gifts this holiday season will spend an average of more than $1,000 each, according to a new study from Unity Marketing.This represents an 8 percent increase over last year's average holiday gift budget of $928.So far this year, consumers have spent an average of $1,034 on gifts, 20 percent more than last year, according to Unity Marketing's quarterly "gift Tracker" survey, which m... |
Citibank won't extend Zale credit agreement
...or Zale Corp.'s private-label credit cards, a filing with the Securities and Exchange Commission (SEC) shows.The filing states that on Dec. 22, Zale received written notice from Citibank of its intent not to renew the Merchant Services Agreement dated July 10, 2000. Under the agreement, Citibank provides financing for Zale's U.S. customers to buy merchandise at the store using private-label credit... |
JCOC: Jewelry purchases up over holiday weekend
...l members shopped for holiday gifts over Thanksgiving weekend (Black Friday, Saturday and Sunday), compared with 32 percent in 2008. Of those, 22 percent bought fine jewelry or watches, while only 14 percent did so in 2008.When asked who they purchased fine jewelry or watches for over Thanksgiving weekend (or who they will buy these gifts for over the holiday season), 34 percent of JCOC panel memb... |
Australians to bin 825,000 gifts this Christmas: survey
...vey showing more than 825,000 gifts will go straight into the garbage bin this Christmas because their recipients just hate them.The survey, commissioned by an Australian-based online self-publishing website and based on population data, revealed a third of all respondents either refund gifts or give them away, especially off-the-shelf offerings."An estimated 6.4 million presents will be given awa... |
Holiday budgets stick with consumers
...ten (90 percent) plan to make gift-giving a priority this holiday season. But while 77 percent reported plans to treat themselves and others, the number of consumers budgeting more than $799 for gifts (23 percent) will fall 13 percent. Budgets of up to $499 for gifts this year will increase by 11 percent, compared with 2008 numbers. Only 18 percent will shop without a list.Shoppers will seek to fi... |
Mother's Day, graduation boost jewelry websites
...aduation gave a huge boost to gift-related Web sites in May, including those of retail jewelers, according to the latest report from ComScore.According to the report, which analyzes U.S. consumer activity at the top online properties, the jewelry, luxury goods and accessories category experienced double-digit growth last month, increasing 13 percent to nearly 18 million visitors.Swarovski Crystal'... |
J.C. Penney 'Doghouse' spot has viewers howling
... instead of a diamond jewelry gift from J.C. Penney.Plano, Texas--Chain retailer J.C. Penney's "Beware of the Doghouse" holiday commercial has become an Internet sensation, garnering both criticism and applause from the millions who have the viewed the online jewelry ad."Beware of the Doghouse" is a four-and-a-half minute mini-movie that serves as a reminder to men of what can happen when they don... |
Report: Zale rejects proposal, considers another
... that backs the private-label credit cards many Zale customers use to make purchases in its stores.According to the filing, Zale has to either pay Citibank a $6 million penalty for not having enough credit card sales or risk losing its private-label cards, which account for 40 percent of U.S. sales, in three months.Zale is currently working with New York-based investment banking firm Peter J. Solo... |
Dogeared to debut 'Sex and the City' jewelry
... presented on display message cards printed with the New York City skyline and some of the four main characters' most memorable lines, including: "Single and fabulous!," "Hopeless romantic," "I've been dating since I was fifteen. I'm exhausted. Where is he?," and--for the diamond charm--"Should I get you a diamond? No, just a really big closet."Prices will range from $55 to $200 at retail, and eac... |
Valentino documentary kept afloat by credit cards
... a DIY project -- and has the credit card bills to prove it."Valentino," which opened in March and is available on DVD, played theatrically for more than six months, grossing nearly $2 million domestically from 32 prints.Tyrnauer, a special correspondent for Vanity Fair, met the one-name icon in 2005 while writing about him. He knew immediately there was a movie there."He's larger than life; to sa... |
Strong rebound seen for US home sales
... their purchases before a tax credit for first-time owners expires, a report Friday is expected to show strong September sales.In a photo made Tuesday, Oct. 20, 2009, a 'sold' sign is shown in front of a home in Carmel, Ind. With homebuyers rushing to complete their purchases before a tax credit for first-time owners expires, a report Friday, Oct. 23, 2009 is expected to show strong September sale... |
NYIGF attendance growth reflects industry upswing
...York - the last of the summer gift and home markets - resulting in significant attendance growth for NYIGF. As part of overall regional, national and international gains, there were exponential increases in attendance from the southeast, southwest, and west coast of the United States, topped by a 90% increase in buyers from Florida. Rounding out the top five states in terms of attendance growth we... |
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