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So far Hurricane Sandy has unfortunately proved itself worthy of many of the "worst" descriptors it was assigned prior to its arrival along the East Coast of the United States. Certainly the 48 people who lost their lives, 8 million people who lost power, and the hundreds of thousands of homeowners who lost pieces of their homes and their peace of mind represent the worst of the worse possible outcomes created by Hurricane Sandy. But just behind that, the negative impact that Hurricane Sandy will have on U.S. business overall, the retail industry in particular, is staggering.
The Jones Group continues to find success in e-commerce growth, Nine West investments and new store formats.
Wal-Mart, Target share much of the same genetic makeup of American retail, but their differences couldn't be more stark Along interstate highways and in suburban town centers, sometimes separated by nothing more than parking lots, stand the warring titans...
Online retailer and auction site eBay has decided to make a renewed foray into China, says a report by Financial Times. The retailer has decided to team with a Chinese partner in order to keep costs at a minimum and avoid domestic competition in the crowded Chinese market. The report says that eBay is signing a deal with xiu.com, a local retailer of luxury goods. eBay will import high-end luxury items to China, which is already a booming market for Western luxury goods. It's rumored that the partnership will be announced somewhere around Nov. 12.
Deerfield, Ill. -- Walgreens on Monday reported October sales of $6 billion, down 2.1% compared with October 2011. The results include the brunt of the impact from Hurricane Sandy — at the peak of the storm, approximately 750 of 1,400 stores in the...
SAN FRANCISCO — Gap Inc. is donating more than $1 million to help victims of Hurricane Sandy, which struck the East Coast earlier this week and caused widespread damage and destruction. Upon the request of the American Red Cross, Gap Inc. will donate...
Do residents of blue states shop more online than consumers from more conservative red states? Does more iPad traffic come from New Mexico or California? How do the candidates’ states of Illinois and Massachusetts compare? Find out all of this and more in this informative — and timely — infographic.
Austin, Texas — Golfsmith International has named Sue E. Gove president and CEO. Gove, formerly president and COO of the combined Golfsmith and Golf Town business, has also served as the chief integration officer leading the successful Golfsmith-Golf...
Chicago -- OfficeMax announced that it has appointed Kim Feil as executive VP and chief marketing and strategy officer, effective Nov. 12. Feil will have accountability for all aspects of marketing across the enterprise, with particular emphasis on...
Coach, well known for its distinctive handbags, has been dealing with the issue of counterfeited items for years. On Friday, the retailer announced a significant win against the predators who trade upon its brand name. Coach said it obtained a default judgment of $257 million in Illinois Federal Court against people and businesses operating websites selling counterfeited Coach merchandise. Furthermore, the Court awarded Coach ownership of 573 domain names. These domains were allegedly used as part of the illicit sales of fake Coach items online.