Major Clothes Retailer Proclaims the Return of the Luxury Shopper

Shopper

Neiman Marcus recently enjoyed a new surge in profit, leading CEO Burt Tansky to postulate that luxury shoppers are beginning to come out of hiding.




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Part Timers Spur Economy

Any job growth helps retailers, because it puts money in the pockets of consumers. At least one expert predicts a dramatic increase in part time workers as 2010 progresses; from the current 13 percent of employees to 39 percent this year. “This is good news for boomers, seniors and retirees, as these demographics are often […]



5 Ways To Ensure Success

With unemployment figures hitting all time highs and credit markets tight, many individuals are taking the opportunity to follow the dream of owning their own business. Regus, a provider of office space for small business, has put together five essential tips for success in business: Focus on what you do best and outsource the rest. […]



Retail Partners with FBI

Hundreds of thousands of law enforcement officers around the country will gain instant access to information on retail crime, through a new partnership between retailers and the Federal Bureau of Investigation, according to the National Retail Federation (NRF). Through the FBI’s Law Enforcement Online network, federal and local law enforcement will be able to directly […]



UPS: Recession Over

According to UPS, the bellwether of shipping, the recession is over. According to UPS CEO, Scott Davis, “It looks like the recession is finally over, and believe it or not, that makes 21 recessions that UPS has successfully managed through.” “Economic forecasts indicate gradual improvement as 2010 unfolds,” says Kurt Kuehn, UPS’s chief financial officer. […]



Cautious Optimism for 2010

There is cautious optimism to report for both the U.S. and the global economy, according to the latest edition of the PricewaterhouseCoopers LLP Manufacturing Barometer. Nearly half (47 percent) of survey respondents are optimistic about the U.S. economy’s prospects, whereas only five percent were optimistic a year ago. Similarly, 41 percent of panelists who sell […]



Retail Sales Increase?

Any increase in retail sales in 2010 is welcome news, after what the economy has been going through. So it is good news that the National Retail Federation is projecting retail industry sales (excluding automobiles, gas stations, and restaurants) will increase 2.5 percent from last year. According to its bi-monthly Retail Sales Outlook, influential economic […]



Wal-Mart Implements Greener Standards for Its Suppliers

Green

The nation’s largest retailer is taking further steps toward an environmentally sound business model–specifically by evaluating its supply chain.




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General Growth to Sidestep Bankruptcy By Splitting in Two

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One of the largest shopping mall owners in America is expected to announce that it will divide into two companies, in order to avoid going under.




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Toy Fair 2010 Comes to NYC

Soldier

In the toy business, there’s one trade show that stands head and shoulders above the rest, and it will be returning to New York’s Jacob Javits Center.




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