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Promotions Helped Lift October Comp Sales Above Estimates

In Industry News, Reports, What's New by Jeff PrineLeave a Comment

New York—Political gridlock, a government shutdown and fears that the United States would default helped to deflate consumer confidence in October, but apparently shoppers turned out anyway. According to Thomson Reuters, comparable store (or same store) sales rose 4% last month, beating economists’ expectations for a 3% increase. Excluding drugstores, …

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Survey: Thanksgiving Weekend to Be “Shopping Intensive”

In Industry News, What's New by Accessories StaffLeave a Comment

New York—Black Friday (and Cyber Monday) are usually among the top three shopping days of the year…but now—as more retailers plan to open on Thanksgiving day—the entire Thanksgiving holiday weekend is becoming “shopping intensive.” According to a special national consumer poll of 1,000 households commissioned by the International Council of …

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ICSC Foundation to Offer 15 Scholarships in Retail Real Estate

In Industry News, What's New by Accessories StaffLeave a Comment

New York—As part of its mission to encourage the continuing education of retail real estate professionals, the ICSC Foundation has opened applications for the John T. Riordan Professional Education Scholarship. Established in 2004, 15 scholarships are available to retail real estate professionals who have demonstrated excellence in their careers, and …

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Week in Review: 10 Must-Remember Online Articles

In Industry News, What's New by Accessories StaffLeave a Comment

New York—“The epicenter of stupidity”…that’s how outspoken L Brands chairman Leslie Wexner referred to Washington, specifically Capitol Hill, this week during the nerve-wracking hours leading up to a temporary debt ceiling solution. Like many retailers and business leaders, Wexner is concerned about how the political gridlock and its subsequent effects …

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Retail, Business Leaders Decry Congress’ Actions in U.S. Budget Gridlock

In Industry News, Reports, What's New by Jeff PrineLeave a Comment

Washington—President Obama today took Congress to task over its 11th hour resolution of the government shutdown and lifting the debt ceiling, issues that could have spun the United States into default and wrecked havoc with the international economy. “Probably nothing has done more damage to America’s credibility in the world, …