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November Retail Sales Comps Beat Estimate

In Reports, What's New, Industry News by Jeff Prine

New York—November comparable store may actually have not only beat economists’ estimates, but also surprised some retailers. In its report released Thursday, Retail Metrics, a research firm, said comp store sales at reporting retailers (except drugstores) grew 5.2% in November, ahead of the 3% gain analysts expected. “November was OK—certainly …

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Week in Review: Must-Know News

In What's New, Industry News by Accessories Staff

New York—Online shopping may be convenient, enabling consumers to shop 24/7 without worrying about finding a parking place. But several of the latest consumer surveys reveal that shoppers actually prefer to shop in store. In one of the latest reports, A.T. Kearney Omnichannel Shopping Preferences Study found “stores play a …

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Retail, Financial Trade Groups to Partner on Cyber Security

In What's New, Industry News by Accessories Staff

Washington—Following recent calls that retailers, banks and security institutions partner in effort to avoid another cyberfraud debacle like Target, Neiman Marcus and other retailers recently reported, a group of leading trade associations representing the retail and financial services industries announced a new cybersecurity partnership. The partnership will focus on exploring …