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Tiffany quarterly profit tops estimates amid demand in Asia
NEW YORK - Tiffany & Co., the world’s second-largest luxury jewelry retailer, reported fourth-quarter profit that topped analysts’ estimates amid demand in Asia.
Net income...
U.S. holiday sales rise 0.7% as Washington hurts confidence
WASHINGTON - U.S. holiday sales growth slowed by more than half this year after gridlock in Washington soured consumers’ moods and Hurricane Sandy disrupted...
Economy weighs on shoppers in final holiday dash to mall
WASHINGTON - Holiday shoppers descended on U.S. malls this weekend in a last-minute dash to buy gifts amid concerns about the nation’s economy and...
Limited, Macy’s November sales top estimates on holiday crowds
NEW YORK - Limited Brands Inc. and Macy’s Inc. reported November same-store sales that topped analysts’ estimates after Thanksgiving weekend deals drew record crowds.
Sales...
Fortune Brands to sell Acushnet to Fila for $1.23 billion
FAIRHAVEN - Fortune Brands Inc. agreed to sell Acushnet Co., its Fairhaven-based golf business, to a group led by Fila Korea Ltd., the owner...
Heirloom tomatoes, coffee attract shoppers to U.S. malls
Malls angling to reel in American shoppers are using groceries as bait.
In some locations, they’re bringing in supermarket chains to do the job. In...
CVS to buy Medicare Part D unit of Universal American for...
WASHINGTON - CVS Caremark Corp. agreed to buy the Medicare Part D unit of Universal American Financial Corp. for about $1.25 billion, more than...
BJ’s Wholesale rises on report of possible hostile bid by Leonard...
WASHINGTON - BJ’s Wholesale Club Inc. rose as much as 6.8 percent in New York trading after the New York Post reported that Leonard...
U.S. retailers’ holiday sales jump 5.5% on apparel, best performance in...
WASHINGTON - U.S. retailers’ 2010 holiday sales jumped 5.5 percent for the best performance in five years as shoppers snapped up clothing and jewelry...
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