A report released Tuesday by Deloitte said that consumer spending continued its decline in May, weighed down by a sharp rise in unemployment claims.
Williams-Sonoma announced that it will offer international shipping for its Pottery Barn, Pottery Barn Kids, West Elm and Williams-Sonoma brands.
Fortune Brands announced that it has named E. Lee Wyatt as SVP and CFO of its home and security unit.
The retail industry won a big victory in Washington, D.C., as the Senate defeated an amendment that proposed to delay swipe-fee reform for another 12 months.
NPD Group named Perry James, a 16-year veteran with the research firm, as the new president of home and office supplies.
eBay Inc. announced that it has agreed to acquire Magento Inc., the creator of Magento, a leading open source e-commerce platform.
Overstock.com has announced the unveiling of the O.co Coliseum, the new name of the Oakland-Alameda County Coliseum, home to the NFL Oakland Raiders and the MLB Oakland Athletics.
Luxury, high-end jewelry and e-commerce enjoyed strong growth in May, as did the restaurant category, according to MasterCard Advisors SpendingPulse, which tracks national retail and services sales.