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Holiday Spending on Track to Meet NRF Forecast

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Retail sales in November increased 0.9% over October on a seasonally adjusted basis and were up 6% year-over-year unadjusted, according to new calculations from the National Retail Federation. Online and other non-store sales grew 10.5% year-over-year, reflecting the growth of online shopping. The numbers exclude automobiles, gasoline stations and restaurants. “This …

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Calypso St. Barth to Liquidate all Inventory Nationwide

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Luxury fashion chain Calypso St. Barth is liquidating all its stores of resortwear, home goods, furniture and more, having recently filed for Chapter 7 bankruptcy protection in the U.S. Bankruptcy Court, District of New Jersey. Tiger Group and Great American Group are supervising the going-out-of-business sales at 16 boutiques in New York, Georgia, Massachusetts, …