Thursday, March 22, 2012

Retail sales data delivers double-dip recession reality check

News19 new results for retail news
Retail sales data delivers double-dip recession reality check
The Guardian
The volume of retail sales fell by 0.8% in February, while the previously reported 0.9% rise in January was revised down to 0.3%. It is worth bearing in mind that February is the quietest month of the year for consumer spending, so if the Office for ...
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The Guardian
Retail spending figures show subdued consumer confidence
The Guardian
Two months of positive retail sales came out of nowhere to give the impression that Britain was getting back on its feet, and the consumer was leading the charge. There was evidence during January and February that middle income consumers were refusing ...
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The Guardian
US retail investors bullish on shares
Financial Times
By Ajay Makan in New York The most active US retail investors appear to be embracing the strong start to the year for equities by investing more money, boosting hopes that the rally may have further to run. A survey of customers by Charles Schwab, ...
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Scott Sperling on Private Equity, Retail M&A
Washington Post
22, 2012 - March 22 (Bloomberg) -- Scott Sperling, co-president of Thomas H. Lee Partners LP, talks about US retailers, the outlook for the US banking industry and the impact of government rules on private equity. Sperling spoke yesterday with Cristina ...
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Premier Investments battling against retail headwinds
Herald Sun
THE retail giant behind brands including Just Jeans and Portmans says the ongoing headwinds facing retailers have driven first half-profit down 2.4 per cent. Premier Investments reported net profit slumped to $38.5 million in the six months to January, ...
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Shoppers win Round One of retail war
Toronto Star
The retail industry in Canada is being revolutionized by technology and global competition and the people most likely to benefit are shoppers. "There's been more change in the past 18 months than in the past 18 years. It's a brand new world every day ...
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TEXT-S&P: HSBC Bank Canada ratings unchanged after retail exit
Reuters
March 22 - Standard & Poor's Ratings Services said today its ratings on HSBC Bank Canada (HSBC Canada; AA-/Stable/A-1+) are unchanged following the bank's announcement to wind down the consumer finance and retail service businesses of subsidiary HSBC ...
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Li & Fung Says U.S. Retail Orders Improving as Net Gains
Bloomberg
Li & Fung Ltd. (494) said orders are picking up in the US, its biggest market, after the world's largest supplier of clothes and toys to retailers reported a bigger-than-expected jump in 2011 profit. Chief Executive Officer Bruce Rockowitz said ...
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Equity One Awarded Retail Deal of the Year by The San Francisco Business Times ...
MarketWatch (press release)
NORTH MIAMI BEACH, Fla., Mar 22, 2012 (BUSINESS WIRE) -- Equity One, Inc. (NYSE:EQY) , an owner, developer, and operator of shopping centers, announced today that the company was awarded The Retail Deal of the Year by The San Francisco Business Times ...
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Retail IT sales likely to dip 15% in Q1
Bangkok Post
The high cost of living will likely push local retail IT sales down by 15% in the first quarter, especially for notebook computer, say leading IT retailers. Cartoon characters display Apple's new iPad at the Commart IT fair yesterday.
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Bangkok Post
Ascena Retail Group, Inc. Announces Participation in Telsey Advisory Group's ...
MarketWatch (press release)
SUFFERN, NY, Mar 22, 2012 (BUSINESS WIRE) -- Ascena Retail Group, Inc. (NASDAQ:ASNA) today announced that it will be presenting at Telsey Advisory Group's 4th Annual Spring Consumer Conference to be held at the InterContinental Hotel at Times Square, ...
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RETAIL: Powersports dealer plans Banning showroom
Press-Enterprise
The Galleria at Tyler is getting two new retailers this spring. Skechers will open a store in the Riverside mall May 4 on the lower level across from the existing PacSun shop, offering footwear for men, women and kids. Skechers already has retail ...
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New govt may fail to dampen Ponty's spirits
Times of India
Reason: His dominance over the both wholesale and retail liquor trade which is a major source of revenue to the state exchequer. This, despite the fact that chief minister Akhilesh Yadav sought files related to the excise department on Thursday for a ...
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"The Hunger Games" no game changer for Hot Topic
Reuters India
Retail industry experts are not betting on the post-apocalyptic movie to bring any sustainable growth in sales for the California-based retailer, despite signs of some initial success. Instead, they see a sequel to the boom-and-bust story Hot Topic ...
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LA Walmart Chinatown: Councilman Ed Reyes Proposes Ban On Chain Retail Stores ...
Huffington Post
City Councilman Ed Reyes has introduced a motion to ban chain retail stores from setting up shop in Chinatown. The motion, which the council will vote on Friday, creates a temporary ordinance to bar the city from granting building permits to "formula ...
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Report: Iowa Retail Sales Stabilizing
KCRG
By Dave DeWitte, Reporter By Aaron Hepker CEDAR RAPIDS, Iowa - Average per capita retail sales stabilized from fiscal year 2010 to 2011 after falling sharply in fiscal 2009, according to an Iowa State University study. The ISU study said per-capita ...
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KCRG
Expect continued retail shakeout
Cincinnati.com
The shakeout in the retail sector isn't over and won't be for a while, says the former top executive of one the nation's leading retailers. Myron "Mike" Ullman III, who recently retired as chairman of JC Penney and served as the company's CEO for eight ...
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Retailers shift focus from cost cutting to growth
DC Velocity
Study shows retail supply chains striving to balance costs with demands of growth, customer service. By DC Velocity Staff After several years of laser-like focus on cost cutting, retail supply chains are starting to return to a more balanced strategy ...
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Next rides out 'perfect storm'
The Press Association
Retail chain Next has said it rode out the "perfect economic storm" after £1 billion of online and catalogue sales boosted profits by 5%. The fashion and homewares chain, which has 536 stores, said the haul of £570.3 million for the year to January 31 ...
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