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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... |
Obama throws $75 billion lifeline to homeowners
...rnment support pledged to mortgage giants Fannie Mae and Freddie Mac is being doubled as well, to $400 billion, as part of an effort to encourage them to refinance loans that are "under water" -- those in which homes' market values have sunk below the amount the owners still owe."All of us are paying a price for this home mortgage crisis, and all of us will pay an even steeper price if we allow th... |
Christmas lingerie
amethyst purple and emerald green. Turquoise ... satin bra, £30, and briefs, £12, both Masquerade Emerald ... Satin bra, £15, and matching pants, £8, La Senza; necklace, £15, M&S Amethyst ... Satin camisole, £19.50, matching pants, £8.50, necklace, £15, all M&S; tights, £6.36, mytights.com Garnet ... Balconette bra, £25, and briefs, £12, both figleaves.com; tights, £11.74, mytights.com ... |
Where to Find the Absolute Best Post-Christmas Sales
...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. the day after christmas--the earliest opening in the store's history--and offer 100 door-buster specials, including 50 to 60 percent off private-label clothing for men and women, as well as 75 percent off christmas decorations. The general merchandis... |
Snow stalls jewelry sales, but men still buying
...quiries about last-minute customers, special sales practices this season and more:NortheastDespite snowstorms that buried his town under 20 inches of snow, Evan James Deutsch said sales were strong over the weekend at his jewelry store, Evan James Ltd. in Brattleboro, Vt.He attributes the sales to a combination of remaining open when other stores along Brattleboro's main drag closed and the hearty... |
Li-Lo almost puts me off leopard print
...ondon's swanky Landmark hotel gagging for a drink. No champagne (always a bad sign) and no time for pampering as we were ushered in to the main ballroom and took our places on the rows of pink beanbags. We soon discovered the cumbersome beanbags were there to prevent us from leaving once the 'show' had started. The trapped journos were treated to an hours 'comedy' sketch all about periods followed... |
Jeweler to light Ronald McDonald House
...al holiday lights and holiday gifts for the House's Capital Region location here. A house lighting ceremony is scheduled for Nov. 27. In addition to adding to the Ronald McDonald House's usual holiday festivities, the event will also inaugurate the charity's 25th anniversary celebration."We are grateful to the Bleser family [owners of Northeastern] and to our friends at Northeastern Fine Jewelry f... |
5 Gifts That Will Shock a Techie
...your tech-savvy spouse. These gifts are not only reasonably priced—with only one a smidgen over $200—they're cutting edge. Many of these gifts can be found at electronics stores, and there is still time for a two-day or overnight delivery. You'll not only make any geek happy with these gadgets, you'll startle them with your know-how. Aluratek Internet Radio Spot Satellite Messenger Pulse Smar... |
Federal Reserve Cuts Rates to Historic Low
...d other government-backed mortgage businesses.So far, the Fed has only committed $8 billion to those purchases. Officials have been relieved that mortgage rates have come down since announcing the program. Rates on a conforming 30-year mortgages have dropped from 6.64% to 5.28% since the Fed's last meeting, according to HSH Associates, a financial publishing firm. It has been one of the few areas ... |
NRF forecasts dip in Valentine's Day sales
...onsumers 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 consumers plan to spend an average of $102.50 on Valentine's gifts and merchandise, down from last year's $122.98 per person. "A bad economy won'... |
Denver Apparel & Accessory Market to be held in Feb
.A special lounge is furnished for buyers at each market—a place to write orders, make telephone calls, obtain market information and assistance, check coats and luggage or just sit and relax between appointments. Complimentary refreshments are provided.The markets are a joint effort of the Denver Merchandise Mart and the Denver Market Association. The Denver Apparel & Accessory Market ... |
‘Golden Christmas’ with Porsche Design
...que world time mechanism is also available in gold. The simple change between time zone settings makes the Worldtimer the ideal gift for people who frequently travel between time zones.From the men’s jewelry collection come the 18 carat rose gold cufflinks, inlaid with fine onyx and crystals. They are striking with an understated and high quality appearance and are painstakingly polished by hand. ... |
J.C. Penney 'Doghouse' spot has viewers howling
...lot of thought into christmas gifts, and then suggests that buying diamond jewelry (from J.C. Penney, of course) is one way to stay out of the "doghouse."The hilarious spot--part of an entire "Doghouse" campaign by J.C. Penney housed at BewareoftheDoghouse.com--is burning up bandwidth all over the Internet. On YouTube alone, the Doghouse spot had attracted more than 1 million viewers as of Dec. 19... |
Report: Same-store sales slow in October
r the holidays, a reduction from the 7.2 percent growth seen in October-to-December sales last year.Retail Forward's ShopperScape survey shows that the majority of shoppers plan to spend about the same as they did last year on holiday gifts. Down-market shoppers appeared the most cautious about holiday spending this year, with more than half planning to spend less than last year or nothing at all.... |
Handbags maker Coach reduces new store growth plans
...difficult holiday season our company has experienced during my 30-year tenure, we were able to report second quarter sales and earnings per share that were only slightly lower than prior year. The heavily promotional atmosphere against a deteriorating economic backdrop impacted both traffic and conversion rates in our retail stores and department store locations and ultimately led to weaker-than-e... |
Despite Rough Quarter, Nike's at the Top of Its Game
ely predict demand and manage inventory levels through these volatile times, earnings should remain strong. Currency fluctuations are a concern, but Nike actively engages in currency hedges, so the effects of the strengthening dollar should be muted. Overall, it was a rough quarter for retail, and it will only continue to get worse. Nike, however, seems to be at the top of its game.- Harry Lacheen... |
Holiday season fails to perk up apparel sales
ong the challenges are the absence of anything new or innovative and the lack of anything the consumer absolutely HAS to have.” stated Cohen. Something else of note: this month, 61% of consumers say they plan to focus more on what people need rather than on what they want in their choice of holiday gifts. “After all, how many of us really need another sweater?” asked Cohen. The NPD Group Inc... |
Stocks up after GMAC lifeline, retail sales dip
... Americans spent much less on gifts this season than they did last year, according to SpendingPulse, a division of MasterCard Advisors. Retail sales dropped between 5.5 percent and 8 percent compared with last year, the data showed, or between 2 percent and 4 percent after stripping out auto and gas sales.Ever since the Thanksgiving weekend, it has been widely expected that this holiday season wou... |
Recent online spending strong, but down for season
...days of the 2008 November-December holiday season (Nov. 1-Dec. 19), online spending decreased 1 percent to $24.03 billion, compared with $24.15 billion last year.However, online sales for the period from Dec. 1 (Cyber Monday) to Dec. 19, increased 1 percent from $12.67 billion in 2007 to $12.85 billion in 2008. Top sales days include Tuesday, Dec. 9, with $887 million in online sales, Monday, Dec.... |
What work? 60 million shop online today
nsumers who couldn't find what they were looking for in the stores will be flooding Web sites on Cyber Monday to shop for holiday gifts, research products and compare prices."Shop.org, a division of the National Retail Federation, is the network for online retailers with 600 members, including the 10 largest U.S. retailers and 70 percent of the top online retailers as ranked by Internet Retailer. ... |
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