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The U.S. Postal Service announced it will move forward with its proposal to change service standards. This action is being taken in response to ongoing financial challenges caused by the dramatic and continual decline in First Class mail volume and the resulting revenue loss.

Magazine Real Simple operated a pop-up shop underneath the tree in Rockefeller Center last year during the holidays. The store was a success and now it's coming back, albeit to a different midtown location.

In a first for fashion retail, the Gap has teamed with streaming music startup Roqbot to let users decide on their smartphones which music plays over store loudspeakers. Visitors to the chain’s Chestnut Street location in San Francisco, which has access to Roqbot’s catalog of 6 million songs, can now use their iPhone or Android handsets to select and choose upcoming tunes.

A Santa-seeking stampede has led to the resignation of one of Santa's elves. Around 2000 families swarmed "Santa's grotto" after Groupon sent an email advertising its "winter wonderland" train ride — but the grotto doesn't have a train.

Verizon Communications Inc plans to launch a standalone service allowing customers to stream movies and television shows over the Web, in a fresh challenge to Netflix Inc and the traditional cable TV business, according to several people briefed on the plan. The phone company is talking with prospective programming partners about the service, which would be introduced outside of markets where it currently offers its broadband and TV package, known as FiOS, these people said. That would make it available to some 85 million U.S. households. The new service could be rolled out in 2012, according to one of

New York City -- REI (Recreational Equipment, Inc.) has opened its first-ever store in Manhattan, in the landmarked Puck Building in SoHo. The 35,000-sq.-ft. space has been carefully restored to honor the brand’s nearly 75-year heritage and the building’s more than century-old history. The Seattle-based REI partnered with Callison to incorporate natural elements and historical items that were reclaimed from the Puck Building into the retail space. The building’s brick walls and ceilings, and steel columns were exposed and refurbished to honor the original structure as it appeared in the late 1890’s. Wood from the original construction was repurposed

Talbots is seeking a new CEO as it works to turn around its struggling business. The retailer said that President and CEO Trudy Sullivan plans to retire as soon as a successor is named.

Forever 21 sparked outrage amongst Nirvana fans and fast-fashion critics alike by copying the "Flipper" T-shirt that Kurt Cobain designed in 1992. The shirt became a notable signpost of grunge style after the singer wore it during Nirvana's 1992 Saturday Night Live performance.

WOONSOCKET, R.I. — CVS Caremark has confirmed that Jim Trappani, VP merchandising for health care and multicultural, has decided to leave the company. Grant Pill has assumed the role of VP merchandising for over-the-counter healthcare and store brands. In addition, Mike McEnany has been promoted to VP merchandising, consumables and multicultural. His most recent role was divisional merchandising manager for consumables. Greg Froton also has been promoted to VP of merchandising, general merchandise and international Sourcing. His most recent role was divisional merchandising manager for general merchandise and seasonal. The moves come in the wake of several other recent

(RTTNews) - Clothing maker American Apparel, Inc.(APP: News ) said Sunday that it continues to see improvements in monthly retail sales performance thus far in the fourth quarter. The company has recorded sales growth at its retail stores as well as online sales during the period. The Los Angeles, California-based company said its comparable store sales for the month of November increased 10 percent, reflecting a 7 percent increase in retail stores and a 32 percent increase in online sales. For the month of October, comparable store sales increased 4 percent, including a 3 percent increase from retail stores