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National Retail Federation

Biyani joins NY Fashion Advisory Board

The face of India`s modern retail, Kishore Biyani, is now set to advise fashionistas of the high streets of New York. The Managing Director and CEO of Pantaloon Retail, Biyani has become a member of the New York Fashion...

NRF forecasts U.S. holiday sales rise of 2.3 per cent

After a ho-hum 2009 and a disastrous 2008, U.S. holiday retail sales are expected to increase a more moderate 2.3 per cent this year to $447.1 billion, according to the National Retail Federation. While that growth remains slightly lower...

US stores cautious in spite of robust results

US retailers, including Walmart, will give a further reading of the state of US consumer confidence this week as they start the sector’s reporting of earnings for the important holiday quarter.Overall monthly sales have remained significantly below pre-crisis levels,...

Exuberance and Despair

In the last few months, I’ve interacted with retailers and their suppliers from a number of countries in North America, Europe and Asia and, except for a handful, the conversations have not been happy. In November-December companies in France, Belgium,...

Wal-Mart takes action to end forced child labor in Uzbekistan

Wal-Mart Stores Inc has instructed its global supply base to cease sourcing cotton and cotton materials from Uzbekistan in an effort to persuade the Uzbek government to end the use of forced child labor in cotton harvesting. This action follows...

Gift card sales dominate US retailscape

Nearly two-thirds of consumers shopping at retail outlets in the United States are giving the ultimate last-minute gift this year, said a poll released by the NPD Group Inc., a consumer and retail research firm based in Port Washington,...

U.S. retail faces serious organised crime

American retail now faces the serious problem of organized crime losing annually between $15 billion to $30 billion with the thieves targeting consumer goods that are in high demand and easy to steal, ranging from razor blades to consumer...

Stocks gain on positive news from US retailers

Close on the heels of the biggest shopping day of the year in the United States of America, stocks gained on positive news from U.S. retailers. The National Retail Foundation’s 2007 Black Friday Weekend Survey said more than 147 million...

US online retail sales only bright spot

The only bright spot in a gloomy holiday season in the United States beset with numerous worries for the consumer is that online retail sales are expected to be the only bright spot. Surveys indicate online sales for the critical...

Sale of gift cards to rise by six per cent

The sale of gift cards will rise six per cent touching US$26.3 billion this holiday season which though beating the industry forecast of four per cent is nowhere near the breathtaking 34 per cent sales during the same period...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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