Best Buy Launches Holiday Web Site
Minneapolis, Best Buy has launched a new Web site, www.askblueshirt.com, to assist consumers with their holiday shopping. The site offers updates on hot gift categories, gift suggestions and more. It also provides information on the company’s holiday operations, from exchange policies to extended hours.
Questrom Joins Jones Apparel Board
Bristol, Pa., Jones Apparel Group has added retail heavyweight Allen Questrom to its board of directors.
Questrom formerly captained Barneys New York, J.C. Penney and Federated Department Stores. He currently serves as principal of AEA Investors.
NRF Raises Holiday Sales Forecast
Washington, D.C., The National Retail Federation revised its holiday sales forecast upwards, the first time it has ever done so during the holiday season.
The NRF projected retail sales growth of 6% to $439.53 billion during the holiday season, up from the 5% growth it forecast on Sept. 21.
“Recent consumer spending has surpassed our expectations and we expect this momentum to continue through the holiday season,” NRF president and CEO Tracy Mullin said in a statement.