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BUSINESS
November 15, 2011 | By Shan Li, Los Angeles Times
Another dollar retail chain is looking to cash in on California. One of the nation's largest chains of dollar retailers, Family Dollar Stores Inc., will open its first stores in the state Thursday, stepping into the home turf of rival 99 Cents Only Stores Inc. The four shops — located in Fontana, Riverside, Ontario and Rialto — are the first step in a major push into California by the North Carolina company, which plans to open up to...
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November 13, 2011 | By Susan Carpenter, Los Angeles Times
It's catalog season, the time of year when our mailboxes sag with accumulated paper and retailers nationwide cross their fingers. But even though print continues to dominate the world of presentation, the digital revolution promises to transform the shopping experience. More than 20 billion catalogs were mailed in the U.S. last year, about a quarter of which were devoted to fashion. Apparel brands mail more catalogs than any other class of retailer - usually between 12 and 24 catalogs each year because as fashionable as, say, maxi skirts are this season, next year no one will want to be wearing them.
BUSINESS
March 1, 2012 | By Shan Li
Drawn by unseasonably warm weather across much of the country, shoppers hit the malls in February with their wallets open and handed retailers a robust start to the spring shopping season. Major chain stores posted a healthy 4.7% sales increase in February compared with the same month a year earlier, beating analysts' expectations of a more modest 3.4% rise. Discounters, teen retailers and apparel sellers all posted healthy sales increases, according to Thomson Reuters ' tally of 18 retailers.
BUSINESS
May 31, 2012 | By Shan Li
Despite slower job gains and signs of flagging consumer confidence, consumers hit the malls in May to refresh their wardrobes as the summer shopping season begins. Major chain stores posted a 3.9% sales increase in May compared with the same month a year earlier, beating analysts' expectations of a 3.6% rise, according to Thomson Reuters ' tally of 18 retailers. Top performers were a mixture of high- and low-end stores. Action-sports chain Zumiez Inc. led the way with a 13.7% bump.
BUSINESS
August 30, 2012 | By Shan Li
Shoppers hit the malls for back-to-school shopping in August and handed retailers a healthy boost despite continued worries about the job market and a sluggish economy. Major chain stores posted a 3.6% sales increase in August compared with the same month a year earlier, outpacing analysts' expectations of a 2% rise, according to Thomson Reuters ' tally of 16 retailers. "Consumer spending increased for the first time in three months," said Chris Christopher, an economist at IHS Global Insight, "providing evidence that after hunkering down for two consecutive months there are signs of life on the consumer front.
BUSINESS
December 26, 2012 | By Tiffany Hsu
Shoppers waylaid by "fiscal cliff" fears and winter storms spent sparingly in the months before Christmas, according to new data, but retailers are still holding out for a post-holiday bump. From Oct. 28 through Dec. 24, sales of items such as clothing, home goods and electronics rose 0.7% compared with the same period last year, according to the MasterCard Advisors SpendingPulse report. In 2011, spending rose 2%, more than double this year's pace. The last two months' performance, which also includes online sales, was the worst since 2008, according to the report.
BUSINESS
October 4, 2012 | By Shan Li
After splurging on back-to-school, shoppers took a break from the malls in September in advance of what is expected to be a decent holiday season. Major chains posted a 0.8% increase in retail sales in September compared with the same month a year earlier, slightly below analysts' expectations of a 1.6% rise, according to Thomson Reuters' tally of 19 retailers. "The holiday season will be a solid success but won't have numbers off the charts," said Barbara Kahn, director of the Jay H. Baker Retailing Center at the University of Pennsylvania.
BUSINESS
November 12, 2012 | By Ricardo Lopez and Shan Li
Discount retailer Target Corp. joined the growing throng of merchants kicking off their holiday shopping season on Thanksgiving.  Target, which previously declined to confirm speculation it would open stores Thanksgiving night, said Monday that stores would open at 9 p.m., right after most people are finishing turkey feasts. “We thought long and hard about when the right opening time would be,” Kathee Tesija, Target's executive vice president of merchandising, told the Associated Press.  She said that 9 p.m. struck “a perfect balance” for its customers.
BUSINESS
October 5, 2012
Stocks are opening mostly higher on Wall Street following an encouraging report on the labor market and better sales from retail chains. The Dow Jones industrial average rose 35 points to 13,530 shortly after the opening bell Thursday. The Standard & Poor's 500 index rose four points to 1,454 and the Nasdaq composite edged down one point to 3,134. The number of Americans seeking unemployment benefits rose to 367,000 last week, fewer than economists had been expecting. The yield on the benchmark 10-year Treasury note rose to 1.64 percent from 1.62 percent late Wednesday.
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