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Consumer confidence declines in December
January 3, 2011

While mass retailers got a lift from a late-season holiday sales surge, consumer confidence waned in December, according to a major economic benchmark. consumer confidence, Consumer Confidence Index, The Conference Board, Lynn Franco, state of the economy, mass retailers, holiday sales

Blizzard in Northeast Provides Additional Boost to Post-Christmas Spending
January 3, 2011

comScore reported last week holiday season retail e-commerce spending for the first 56 days of the November – December 2010 holiday season. By Dec. 29, $30.81 billion had been spent online during the period, marking a 13 percent increase vs. the corresponding days last year. The week ending Dec. 26 witnessed $2.45 billion in spending, an increase of 17 percent vs. the corresponding week last year.

How "MASH" Star Wayne Rogers Saved Kleinfeld Bridal
January 3, 2011

Kleinfeld, the bridal shop, was the same way. Ten years ago, I was contacted by Ronnie Rothstein, an old friend, whose wife, Mara, had been retained to consult on dressing up the company for a sale. We put together a syndicate of friends and relatives and bought the business. It took us three years to turn the company around, after which we decided to move it from Brooklyn to Manhattan. We've increased the business from about $6 million a year in revenue to over $30 million today.

Dollar General to hire 6,000 for new stores
January 3, 2011

GOODLETTSVILLE, Tenn. ? The company said Monday the store openings will be in 35 states it currently operates in as well as in three new states: Connecticut, Nevada and New Hampshire. It also plans to remodel or relocate 550 stores. Dollar General, based in Goodlettsville, Tenn., currently operates 9,200 stores and employs 88,000 staffers. Its stores have gained market share from competitors such as Wal-Mart Stores Inc., as consumers count pennies because of high unemployment and the uncertain economy. In December Dollar General said its third-quarter net income rose 69 percent, helped by cost cuts and higher revenue, and

Rising Sales Tax Will Cost UK Families Hundreds
January 3, 2011

Labour leader Ed Miliband today slammed the hike in VAT, claiming the move was “too far and too fast." The rise will hinder economic growth and make it even harder for families struggling to make ends meet, he said. He estimated the hike would cost the average family 389 pounds a year, but other experts have calculated it could cost families as much as 520 pounds.

Tandy Brands Announces Resignation of CFO
January 3, 2011

DALLAS, Jan. 3, 2011 /PRNewswire/ -- Tandy Brands Accessories, Inc. (Nasdaq: TBAC) announced that effective today M. C. (Craig) Mackey, Chief Financial Officer, has resigned from the Company to pursue other opportunities. "Craig has been a key partner for me and a valuable part of the executive team during the past two years as we've been orchestrating the turnaround of Tandy Brands," said Rod McGeachy, Chairman, President and Chief Executive Officer. "We wish him the best in his future endeavors, and I thank him for his many contributions." Robert D. Martin has been appointed to serve as interim chief

CVS Acquires Unit of Universal American for $1.25B
December 31, 2010

CVS Caremark said Friday that it agreed to buy the Medicare Part D business of Universal American , a Medicare Prescription Drug Plan sponsor based in Rye Brook, N.Y., for about $1.25 billion.  After payment of other transaction related expenses, Universal American shareholders are expected to receive approximately $12.80 a share to $13 a share, the companies said.  The acquisition will more than double the size of CVS Caremark's Medicare Part D program, the Woonsocket, R.I.-based CVS said, adding that the transaction will add to per-share profit in its first full year.

FAO Schwarz Launches eBay Store
December 31, 2010

Want a 9-foot Giraffe from FAO Schwarz? You could visit one of their retail locations - including its famous flagship store in Manhattan - or you could shop online on FAO.com. And now, you also have the option of shopping for that stuffed toy giraffe on FAO Schwarz' new eBay Store. It may be hard to believe, but the exclusive toy retailer that has been in operation since 1862 is selling its high-end wares on eBay alongside used Beanie Babies and hard-to-find vintage toys. You can find the same Radio Flyer Retro Rocket listed on the FAO website for