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Cyber Monday Sales Record Shattered
November 27, 2012

Consumers showed no indication that they were letting up on online purchases on Cyber Monday despite having already spent a record $59.1 billion over the four-day Thanksgiving Day weekend. Online shopping activity was up 28.4 percent yesterday compared...

Etsy Reconsiders Decision Not to Run Cyber Monday Banner
November 27, 2012

While most ecommerce sites advertised Cyber Monday deals on their homepages yesterday, including marketplace giants eBay and Amazon, Etsy's homepage was free of any holiday banners, much to the chagrin of its sellers who were counting on holiday shoppers to boost sales. Etsy had encouraged its sellers to tag items that offer promotions (items that included discounts or extra bonuses) with the tags "Black Friday Etsy" and "Cyber Monday Etsy." However, sellers felt Etsy did not do enough to promote those items over the Thanksgiving holiday weekend, and an Etsy administrator said it would do better in the future.

Children's Place CFO resigns, replaced by former Talbots COO
November 27, 2012

Secaucus, N.J. -- The Children's Place Retail Stores Inc. reported Monday that its CFO Steven Baginski has resigned the company, effective immediately. According to the retailer, Baginski is leaving to pursue other interests. Former COO and CFO of The...

Best Buy invests 50,000 hours in employee training on Windows 8
November 27, 2012

Tags: Assisted Selling, Customer Experience, Digital Merchandising, Display Technology, Employee Training, Merchandising, Point-of-Purchase / POP This might surprise some journalists, but many people still shop in physical stores. In the area of...

Retail Foot Traffic Up 8.2% During ‘Black Weekend,’ Report Finds
November 27, 2012

Consumer behavior changed this year as more Americans began or ended Thanksgiving Day by embracing early Black Friday deals and visiting stores on Thursday. ShopperTrak, the world's largest counter of retail foot traffic, estimates that when compared to "Black Weekend" last year, retail foot traffic rose 8.2 percent to more than 594 million store visits. Retail sales increased 2.7 percent, with shoppers spending about $22 billion across the weekend's four days. Thursday's "doorbuster" deals drove sales and traffic earlier in the weekend.

Ex Home Depot exec named new HoneyBaked VP, HR
November 27, 2012

ATLANTA — Former Home Depot executive Michael Esposito has joined HoneyBaked as its new VP, human resources, a newly created position. Esposito previously served as director of associate relations for the Home Depot’s northern division. “Michael brings...

Chase: Cyber Monday online sales up 22% from last year
November 27, 2012

New York -- Cyber Monday continues its importance, driving a nearly 22% increase in year-over-year online sales, Chase reported Tuesday as part of its latest Holiday Pulse report. Monday sales beat Sunday, the next highest day, by a margin of 26.7%....