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Bon-Ton posts smaller-than-expected loss in third quarter

BY Katherine Boccaccio

New York — Bon-Ton Stores narrowed its loss in the third quarter to $931,000, compared with a loss of $10.1 million in the year-ago period.

Revenue dipped 3% to $651.2 million from $668.7 million, narrowly missing analysts’ expected $671.2 million in revenue.

Same-store sales fell 2.8%.

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Survey: Dec. 21 to be biggest shopping day for jewelry and luxury

BY Katherine Boccaccio

New York — MasterCard Advisor’s latest MasterCard Spending Pulse survey found that there are some product categories that won’t see the biggest spending uptick on Black Friday and Cyber Monday.

The monthly SpendingPulse report anticipates that the biggest shopping day of the season for jewelry and luxury retailers will be Dec. 21 – the last Saturday before Christmas, which is becoming commonly known as “Super Saturday.”

MasterCard Advisors ranked the top three days for holiday spending for overall retail and some key industries:

Top retail sales days overall are expected to be:

1. Friday, Nov. 29
2. Saturday, Dec. 21
3. Monday, Dec. 23

Top spending days for Specialty Apparel:

1. Friday, Nov. 29
2. Saturday, Dec. 21
3. Saturday, Dec. 14

Top spending days for Luxury (excluding jewelry):

1. Saturday, Dec. 21
2. Friday, Nov. 29
3. Friday, Dec. 20

Top Spending days for Jewelry:
1. Saturday, Dec. 21
2. Monday, Dec. 23
3. Friday, Dec. 20


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Amazon to get early start on Black Friday week deals

BY CSA STAFF

Amazon.com is going to start offering Black Friday deals a day earlier than last year, beginning Sunday, Nov. 24, as often as every 10 minutes.

“We are heading into the busiest and most fun time of the year for Amazon, with an astonishing number of deals for customers,” said Craig Berman, VP, Amazon Global Communications.

Consumers will be able to pick from an assortment of electronics, toys, books, movies and tools and will be also able to shop via the mobile shopping app.

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