U.S. consumer spending rose more than expected in December as Americans spent at the fastest pace in three years. The Commerce Department reported that spending rose 0.7% in December, the sixth straight monthly increase.
Digital Signage Expo announced that it has scheduled Intel's Jose Avalos, retail and digital signage worldwide director, embedded and computing Division, to keynote at DSE 2011 on Feb. 24, 2011, in Las Vegas.
It turns out the announcement earlier today by Walmart that Duncan Mac Naughton would serve as head merchant of the company’s U.S. division was but one component of a more extensive shakeup at the company.
Borders Group has secured a $550 million financial lifeline from GE Capital that will enable it to maintain operations, but there are plenty of strings attached, which stands to reason given GE has put half a billion dollar at risk.