Research results released by PriceGrabber – augmenting its previously released winter holiday shopping survey – revealed that more than half (54%) of consumers plan to spend $500 or more on gifts this season, slightly higher than 2011.
CBL & Associates Properties said it will renovate and redevelop its Northgate Mall property in Chattanooga, Tenn., with the first phase adding Ross Dress for Less and Michael’s Arts & Crafts, as well as redeveloping the adjacent T.J. Maxx-anchored community center.
Sears Hometown and Outlet Stores Inc. is set to begin trading on the Nasdaq Capital Market after Sears Holdings Corp. completed a spin-off transaction of the home appliances, hardware, tools and garden equipment retailer.
Best Buy Co. received its highest score ever from the Carbon Disclosure Project (CDP), which represents 655 institutional investors with $78 trillion in assets, for its performance and approach to the disclosure of climate change information.
The majority of consumers intend to spend the same (67%) this holiday season than last year, and 10% plan to spend more while fewer that say they plan to spend less, according to the NPD Group’s 11th Annual Holiday Survey.