Retail
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Economy in U.S. expands at 2% annual rate, more than forecast
The economy in the U.S. expanded more than forecast in the third quarter, paced by a pickup in consumer spending, a rebound in government outlays and gains in residential construction. more
A.T. Cross profits rise 4.8% in 3Q
A.T. Cross Co. saw profit increase 4.8 percent to $2.04 million, or 16 cents per diluted share, in the third quarter of 2012, compared with $1.9 million, or 16 cents per diluted share, in the third quarter of 2011, the personal- and business-accessories maker said late Wednesday. more
| 10/25/12
JH Partners acquires financial interest in Alex and Ani
Alex and Ani LLC, jewelry designer and retailer, has announced that JH Partners LLC, a private equity firm that specializes in growth capital for consumer-focused companies, has acquired a financial interest in their company. more
Hasbro profits fall 3% in 3Q
Profits for Hasbro Inc. fell 3 percent to $164.9 million, or $1.24 per diluted share, in the third quarter of 2012, compared with $171 million, or $1.27 per diluted share, for the same period in 2011. more
| 10/22/12
U.S. stock futures drop as GE, Microsoft results disappoint
U.S. stock futures fell, indicating the benchmark Standard & Poor’s 500 Index will trim its biggest weekly advance in more than a month, as Microsoft Corp. and General Electric Co. posted sales that missed estimates and euro-area leaders agreed on a banking regulation timetable. more
Retail sales in U.S. climbed more than forecast in September
Retail sales in the U.S. rose more than projected in September, reflecting broad-based gains that indicate household spending helped bolster economic growth last quarter. more
Consumer sentiment in U.S. unexpectedly climbed in October
Confidence among U.S. consumers unexpectedly jumped in October to the highest level since before the recession began five years ago, raising the odds that retailers will see sales will see sales improve. more
Hasbro reboots Furby toy for an iPad-obsessed generation
In early 2011, Hasbro Inc. CEO Brian Goldner convened a team of designers, engineers and marketers to figure out the Next Big Toy. more
R.I. gas prices stagnate, Mass. prices rise 4 cents
Gas prices in Rhode Island held steady at $3.97 this week after rising 1 cent last week, according to AAA Southern New England. more
| 10/9/12
Consumer confidence in U.S. advances for a sixth week
Consumer confidence in the U.S. climbed for a sixth straight week, the longest such stretch since early 2006, as Americans grew more secure about their finances. more
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