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Big Lots’ Sales Up 20 Percent

Others may be singing the holiday sales blues but not the Big Lots in Colonie, NY where sales are up more than 20 percent for this ultra-discount retailer.

Cott Beverages Makes $45 Million Mid-Atlantic Acquisition

Leading private label soft drink supplier Cott Corporation will buy Quality Beverage Brands of North Carolina and has agreed to related manufacturing agreements, thereby expanding its market presence and influence…

Online Spending Maintains Furious Pace Last Week

Following two weeks of $2 billion plus spending online, last week’s total only reached $1.88 billion, but that still represents a 31 percent gain over the same week last year,…

Apple Bullish on Its Retail Stores

Encouraged by sales growth of well over 100 percent this year, Apple says it will invest over half of its capital expenditure budget on its retail operations in 2004.

Personal Spending Up, But Less Than Expected

Spending by U.S. consumers rose by 0.4 percent in November and personal incomes increase by 0.5 percent, according to the Commerce Department’s report this morning. Economists see it as a…

Last Minute Shopping Boosts Sales Last Week

The International Council of Shopping Centers/UBS joint report showed an 0.6 percent rise in sales last week vs. the week before as holiday shopping procrastinators finally got out to the…

Bankruptcy Likely for Gadzooks

With same-store sales slumping an average of about 30 percent over the last five months, apparel retailer Gadzooks may be forced to seek Chapter 11 protection unless it can find…

Parmalat’s Discrepancy Widens to $11 Billion

Sources familiar with the probe into Parmalat’s revelation that it could not account for a funds in its accounts now say the amount may be twice what the company claimed…