OPERATIONS

Academy Sports issues apology to Houston Astros

BY Katherine Boccaccio

Katy, Texas — After placing some restricted Houston Astros merchandise on the sales floors of several of its Houston stores, Academy Sports + Outdoors issued a formal apology to the Major League Baseball team and its fans.

"We express our apologies to Houston Astros fans, our partners at the Houston Astros ball club, along with Major League Baseball for inadvertently releasing the new Astros t-shirts in limited quantity," said Rodney Faldyn, Academy Sports + Outdoors president and CEO.

The official launch of the shirts, which represent a portion of the team’s new identity program, isn’t until Nov. 2.

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R.Bruche says:
Jul-04-2013 08:43 am

Now i can buy philadelphia
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R.Bruche says:
Jul-04-2013 08:43 am

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OPERATIONS

DGSE names CEO

BY Staff Writer

Dallas — Jewelry wholesaler and retailer DGSE Cos. said Friday it has named James J. Vierling as president, CEO and chairman of the board.

Vierling, previously president of Southern Bullion Coin & Jewelry which was recently acquired by DGSE, succeeds William Oyster in all three positions.

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FINANCE

Consumer spending climbs 0.8% on higher incomes

BY Katherine Boccaccio

Washington, D.C. — A Monday report by the Commerce Deptartment showed that consumer spending in the U.S. for September rose more than forecast as household incomes climbed.

Household purchases increased 0.8%, the most since February and topping the 0.6% gain expected by Bloomberg. The Sept. rise followed a 0.5% advance in August.

Incomes rose 0.4%, the most since March.

The economy expanded at a 2% annual pace in the third quarter, boosted by the uptick in household purchases.

“We have some positive momentum that we could gradually build on over time,” Scott Brown, chief economist at Raymond James & Associates, told Bloomberg.

Retail sales in September and August had the best back-to-back showing since late 2010.

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H.G says:
Nov-02-2012 04:59 am

The Commerce Department
The Commerce Department launched a report Monday saying that consumer spending was on the rise. That hints at improved customer confidence. However, in addition, Americans saved less for the third sequential month. Source for this article: Consumer spending is up, personal savings down

H.G says:
Nov-02-2012 04:59 am

The Commerce Department launched a report Monday saying that consumer spending was on the rise. That hints at improved customer confidence. However, in addition, Americans saved less for the third sequential month. Source for this article: Consumer spending is up, personal savings down

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Consumer confidence is high. Is that reflected in your stores’ revenues?

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