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Shoppertrak: Q1 Sales to Rise 2.2%

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Chicago—Winter’s woes—such as the post Christmas blizzard that struck the Northeast—actually may help retail sales in January, in effect extending the holiday selling season, ShopperTrak reported today. According to ShopperTrak’s National Retail Sales Estimate (NRSE) retail sales for Q1, 2011 will increase 2.2% while the company’s Retail Traffic Index (SRTI) …

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French Regulator Approves Hermes Anti-Takeover Plan

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Paris—Hermès’ majority shareholders—descendants of the luxurygoods brand’s founding family—won an important round in their battle to keep LVMH Moet Hennessy Louis Vuitton from taking control of the company. On Thursday, Autorite des Marches Financiers (AMF), the French stock market regulator, ruled in favor of the family shareholders who shareholders decided …