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Retailing Today Share     Kohl's Corp. said yesterday that its same-store sales rose 3.3 percent in November as more cost-conscious shoppers visited the discount department store. The increase surpassed analyst forecasts. Overall net sales for the month rose 7.1 percent to $1.87 billion, up from $1.75 billion last year. Items for the home were among the best sellers. More
NRF says proposed federal rules threaten instant credit The National Retail Federation Share
NRF is asking the Federal Reserve to reconsider proposed new rules that threaten retailers' ability to offer customers instant credit. "The proposed rule would curtail or eliminate many routine credit granting practices that are safe, valued and desired by both retailers and our customers," NRF Senior Vice President and General Counsel Mallory Duncan said. "The effect of the proposed language would be much more disruptive than we believe was ever intended or envisioned by Congress." More ComScore: Cyber Monday sales up 5 percent Los Angeles Times Share
Ka-ching! ComScore reported that online retailers racked up $887 million in sales on Cyber Monday, up 5 percent from last year. The amount is the highest single-day online spending on record after Dec. 9, 2008, when consumers splurged the exact same amount, comScore said. Cyber Monday's sales uptick came after a 10 percent jump on Thanksgiving day, followed by an 11 percent increase on Black Friday last week. The growth was "atypically strong" said comScore Chairman Gian Fulgoni. The report mirrors similarly upbeat accounts from Coremetrics and PayPal. More
Macy's and Luxottica: Exclusive agreement to open additional Sunglass Hut points of sale in about 430 Macy's department stores in the U.S. PR Newswire Share
Macy's, Inc., one of the premier retailers in the United States, and Luxottica Group S.p.A., a leader in the design, manufacturing, distribution and retailing of premium, luxury and sports eyewear, announced the signing of an agreement to open additional Sunglass Hut points of sale in about 430 Macy's department stores in the U.S. Sunglass Hut, the world's biggest chain specializing in "sun" eyewear, will be the exclusive operator of Macy's in-store sunglass departments when the rollout is complete. Macy's will be the exclusive U.S. department store with Sunglass Hut locations. More 7-Eleven to expand New York presence DDI Magazine Share
With plans to open 100 stores in the next five years in Manhattan, either by executing new leases or through its business conversion program, 7-Eleven Inc. retained Robert K. Futterman & Associates LLC as its exclusive retail leasing representative in New York City. The retailer is looking for sites measuring 1,700 sq. ft. to 3,500 sq. ft., in high foot-traffic locations that allow for 24-hour operation. More
Is Wal-Mart recovery-proof? CNN Money Share
Throughout the recession, wealthier households "traded down" and started to shop at Wal-Mart for the first time. As a result, the world's largest retailer saw its market share in general merchandise rise as the economy went south. Wal-Mart's stock jumped 20 percent in 2008, but this year its shares are down about 8 percent, as investors anticipate a recovery that could get shoppers—especially the company's new upscale clientele—thinking about more than everyday low prices. More Black Friday draws bigger crowds, but fewer incidents Security Director News Share
Retailers experienced a relatively incident-free kickoff to the holiday shopping season on Black Friday, despite nearly 23 million more shoppers venturing out on the biggest shopping day of the year. The National Retail Federation reported that nearly 195 million shoppers took advantage of Black Friday specials, but very few security incidents were reported, said Rhett Asher, vice president of loss prevention for NRF. "I think retailers worked hard to make sure this was a successful and nice event for people," he said. "There was a lot of pre-planning and preparation that went into it and it was executed relatively well." More
Gift cards go digital Forbes Share
When it comes to gift cards this holiday season, many retailers are giving up plastic gift cards. Home Depot, CVS and the Container Store are among many national retailers adding electronic gift cards to their Web sites. Consumers buy online and send the credit online. No more plastic card and no more postage for the consumers or the companies. More Strong Thanksgiving weekend lifts Pier 1 sales The Dallas Morning News Share
Pier 1 Imports Inc. said that its same-store sales increased 13.7 percent in its fiscal third quarter, topped off by a strong Thanksgiving weekend. The Fort Worth, Texas-based home furnishings retailer has been struggling to right its business for several years, even before the severe housing downturn and the recession put a lid on consumer spending. More
More shoppers search for coupons online USA Today Share
The wobbly economy is contributing to a rush by millions of online shoppers to a decidedly low-tech business: coupons. The number of people scouring the Internet in search of coupons that they can print and present to retailers, or codes that provide them with discounts on retail sites such as Amazon.com, is up sharply. Leading coupon Web sites reported record traffic on Cyber Monday. More
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