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Clearances, heat lured shoppers to spend in July
NEW YORK — Shoppers showed some spending muscle in July, once summer clearance sales and the hottest July in 50 years got them in the mood. Solid sales reports from retailers Thursday took some of the sting out of weak June manufacturing data. And improving trends in unemployment benefit applications provide hope for slightly better […]
Back to school is a test for teen retailers
NEW YORK — Teens are heading back to school, but it’s the retailers catering to them that are getting the first test. They’re hoping their expanded selections of funky tee shirts and hip-hugging jeans will attract students like Dale Gibson, 15, who struggles to find trendy clothes in their stores. Ditto for Danielle Martinez, 14, […]
Back to school is a test for teen retailers
NEW YORK — Teens are heading back to school, but it’s the retailers catering to them that are getting the first test. They’re hoping their expanded selections of funky tee shirts and hip-hugging jeans will attract students like Dale Gibson, 15, who struggles to find trendy clothes in their stores. Ditto for Danielle Martinez, 14, […]
AirTran No. 1 in performance, but travelers’ complaints rise
WASHINGTON — Low-cost carrier AirTran had the best overall performance of the 16 largest U.S. carriers last year in an annual study of airline quality released Monday, knocking the previous leader — Hawaiian Airlines — into second place. Regional air carrier American Eagle ranked last in the study, which is based on Department of Transportation […]
EBay to buy GSI Commerce for $2.4 billion
SAN FRANCISCO — Online marketplace operator EBay said Monday that it will pay $2.4 billion for GSI Commerce, which operates websites for retailers like Toys R Us and Bath & Body Works. EBay Inc., which runs its namesake site where users buy and sell items through auctions and fixed-price “Buy it Now” formats as well […]
February snowstorms raining on retail’s holiday parade
Two bits of retail news came my way this morning that don’t look good for retailers. With the massive snowstorms and weather across the country in February, the news isn’t a surprise … but that still doesn’t soften the blow. A report by Richard Jaffe, an analyst for Stifel Nicholaus, says in his February same-store […]
