Content about NEW YORK

May 14, 2012
Visual cues, comparison shopping can sway shoppers to switch brands, research finds

NEW YORK — New research that will appear in the upcoming issue of the Journal of Marketing Research explores consumer sentiment over the extension of a premium brand outside of its typical category.

May 8, 2012
Nicole Richie to design latest Impulse collection for Macy's

Macy's has partnered with fashion icon Nicole Richie (daughter of famed singer Lionel Richie) for an exclusive line for the company's Impulse division.

May 4, 2012
New promotions light up Yankee Candle finance, administration departments

SOUTH DEERFIELD, Mass. — The Yankee Candle Company has announced that Gregory Hunt is resigning as EVP finance and CFO, effective as of May 15, 2012.  Hunt, who joined Yankee Candle in 2010, is leaving to join a leading New York based financial services firm.

May 3, 2012
Major Walmart shareholder urges rejection of key board members at annual meeting

It’s looking like Walmart’s upcoming annual meeting is going to be a bittersweet affair as the company observes its 50th anniversary against the backdrop of an unfolding Mexican bribery scandal and an appeal from a major shareholder this week urging a no vote on five board members.

April 27, 2012
Walmart expands conservation efforts

Walmart is working hard to improve its image with its latest announcement that its Acres for America program is conserving an additional 300 acres of land to protect and restore wildlife habitats in the heart of U.S. cities, including Bridgeport, Chicago, Portland, San Diego, and Washington, D.C.

April 24, 2012
Modell’s names Dunkin’ Brands exec as COO

NEW YORK — Modell’s Sporting Goods announced that Daniel Sheehan joined the company as COO in April 2012. With over 27 years of management and information technology experience, Sheehan is responsible for store operations, distribution, loss prevention, e-commerce, information technology, visual merchandising and human resources.

April 23, 2012
Wal-Mart’s Mexican unit hit by bribery scandal

Wal-Mart Stores confirmed that it is investigating its operations in Mexico for possible violations of the U.S. law that prohibits bribery overseas.

April 19, 2012
Consumer confidence rises to match four-year high

NEW YORK — A report released by Bloomberg showed that household confidence improved last week to match the highest level in four years. 

The Bloomberg Consumer Comfort Index was minus 31.4 in the period ended April 15, compared with minus 32.8 over the previous seven days. The reading equaled that from two weeks earlier as the best since March 2008.

Despite the strong showing, the monthly expectations measure fell from a one-year high, showing ongoing concerns that too many Americans are still unemployed.

April 9, 2012
Home Depot theft ring busted

An organized retail theft ring that targeted 70 Home Depot stores in six states has been taken down by multi-agency task force after the arrest of three men in New Jersey, New York, and Pennsylvania.

April 9, 2012
RadioShack selects lead advertising agency

RadioShack has selected Grey New York as its lead advertising agency of record, concluding a review process that first launched last November.

April 6, 2012
IBM forecast: Home furnishings to see big gains in Q2

ARMONK, N.Y. — An IBM analytics-based forecast released Thursday expects that sales of home furnishings in the United States will shoot higher in the second quarter, with in-store sales increasing nearly 8% to $23.2 billion and online sales increasing 28.4%.

Combined in-store and online sales of home furnishings are expected to grow 16.6% in the second quarter.

IBM experts cited a number of important factors that could be driving purchases, including “Year of the Dragon” weddings and the trend toward accessorizing living spaces.

April 5, 2012
Retailers raise outlook on better-than-expected March sales

Target Corp., The TJX Cos., and Ross Stores reported stronger-than-expected March sales as warm weather put consumers in a spending mood. Both retailers also revised their first-quarter outlooks upward on the results.

March 28, 2012
Workers’ rights issues emerge in Canada

The United States isn’t the only country where workers’ rights are called into question by pro labor groups. North of the border, Target, which is expanding there for the first time, is facing criticism for its "anti-worker" policies from unions in both the United States and Canada.

March 15, 2012
Safeway, Target, OfficeMax among "most ethical" companies

The Ethisphere Institute, which describes itself as a leading international think-tank dedicated to the creation, advancement and sharing of best practices in business ethics, corporate social responsibility, anti-corruption and sustainability, has released its sixth annual selection of the World’s Most Ethical Companies.

March 12, 2012
Former Sam’s CEO Cornell lands at PepsiCo

Less than two months after resigning as president and CEO of Sam’s Club, Brian Cornell has landed at Purchase, N.Y.-based PepsiCo where he will serve as CEO of the company’s North American food division reporting to chairman and CEO Indra Nooyi.

March 8, 2012
Kohl's has lots in store for 2012

Kohl’s Department Stores has opened eight new stores, bringing approximately 1,000 new jobs nationwide. The company now operates 1,134 stores in 49 states.

March 8, 2012
Kohl's has lots in store for 2012

Kohl’s Department Stores has opened eight new stores, bringing approximately 1,000 new jobs nationwide. The company now operates 1,134 stores in 49 states.

March 5, 2012
Stop & Shop gives more than $22M in 2011

Stop & Shop customers in New England and the New York Metro area helped the retailer give back more than $22 million in 2011 into the hundreds of communities in which they operate.

March 1, 2012
Liz Claiborne swings to profit on sale of brands

Liz Claiborne Inc. swung to a fourth-quarter profit, buoyed by gains from sales of certain brands and trademarks, including the sale of its namesake brand to JCPenney.

February 29, 2012
Consumer confidence up dramatically in February

Consumer confidence in February shot up from last month to the highest level since a year ago, according to The Conference Board.

February 29, 2012
Walmart rolls out the financial big guns

Three Wal-Mart Stores executives are scheduled to speak at two key retail conferences on March 7.

February 13, 2012
Cultivating an image on not so distant lands

Target is looking to get ahead of the curve in major media markets by placing communications executives in such places as Dallas, Los Angeles, New York and Toronto in addition to those at the Minneapolis home office, Ad Age reported on Monday.

February 13, 2012
Cultivating an image on not so distant lands

Target is looking to get ahead of the curve in major media markets by placing communications executives in such places as Dallas, Los Angeles, New York and Toronto in addition to those at the Minneapolis home office, Ad Age reported on Monday.

February 13, 2012
NPD unveils kids' top play items

The NPD Group unveiled the top current favorite play items among children ages 14 years and younger.

February 9, 2012
2012 not looking good for consumer spending

NEW YORK — The Deloitte Consumer Spending Index, released Thursday, continued downward in January and consumer spending will face additional economic headwinds in 2012, according to Deloitte. The Index tracks consumer cash flow as an indicator of future consumer spending.

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