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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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Charming Charlie to Close 100 Stores; Files Chapter 11

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After announcing its Back to Basics plan to simplify operations (including a more recently announced plan to close 100 stores), retail chain Charming Charlie LLC announced it has filed for Chapter 11 bankruptcy protection, entering into a restructuring agreement with lenders and equity sponsors. The accessories retailer has secured $20 …

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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, …

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Ultra Violet is Pantone’s 2018 Color of the Year

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Amethyst, get ready: Ultra Violet is the 2018 Pantone Color of the Year. Global color authority Pantone has selected Ultra Violet, Pantone #18-3838, for next year’s key color, considering this “spiritual, cosmic” hue as an “enigmatic purple shade that evokes the inventive spirit and imaginative thinking that challenges the status …

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NPD: Crowded Stores and More Online Buyers, But Thanksgiving Week Spending Fell Short

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The crowds were there but the dollars weren’t…at least not yet. According to NPD’s Checkout e-commerce information, U.S. consumer spending did not match the reports of in-store crowds on Thanksgiving and Black Friday weekend this year, and significant increases in online buyer activity translated into mediocre spending increases on the key …

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92Y Honors Robert Lee Morris, Klaus Bürgel in Jewelry Event

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The 92Y Jewelry Center annual benefit honored longtime faculty member Klaus Bürgel and renowned jewelry designer Robert Lee Morris, known for his 92Y involvement. The evening’s result surpassed expectations, raising over $30,000 in support of 92Y’s Jewelry Center. Proceeds from the event help the nonprofit cultural and community center retain faculty, grant scholarships and provide …

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Accessories Retailer Charming Charlie to Close “Unspecified” Number of Stores

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Charming Charlie recently announced its “back to basics” strategy in efforts to get business under control in an uncertain accessories market. A key initiative is plans to close a number of underperforming stores in the United States, close its Los Angeles office and reduce headcount in its Houston Corporate Support Center and Distribution …