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Consumer confidence falls

BY Marianne Wilson

New York — Consumer confidence declined more than expected in December, reaching a four-month low as Americans grew concerned about the possibility of higher taxes next year. The Thomson Reuters/University of Michigan preliminary consumer sentiment index decreased to 74.5 this month from 82.7 in November. Economists had projected a preliminary reading of 82 for December.

The metric of current conditions, which reflects consumers’ perceptions of their financial situation and whether it is a good time to buy big-ticket items, eased to 89.9 from 90.7 the prior month.

The Michigan index of consumer expectations six months from now, which projects the direction of consumer spending, decreased to a one-year low of 64.6 from 77.6 in October. Americans were more pessimistic about the outlook for their finances, the economy and the labor market, the report said.

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Macy’s board OKs share repurchase

BY Staff Writer

Cincinnati — Macy’s Inc. on Friday said that its board has increased its share repurchase authorization by $1.5 billion.

The retailer said the increase brings the total approved to buy back shares to $1.86 billion.

Macy’s CEO Terry Lundgren said that the company is committed to using its excess cash to enhance shareholder value through buybacks and dividends and the decision reflects the strength of the company’s business.

The retailer resumed its share repurchase program in August last year and has bought back approximately 42.6 million shares since then.

Macy’s has an estimated 395.5 million shares outstanding.

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Retail Orphan Initiative’s annual pre-NRF event to focus on mobile, social media and other top trends

BY Marianne Wilson

Nashville – Retail’s top industry analysts will join forces with C-level retail executives and technology vendors at the Retail Orphan Initiative’s SuperSaturday event in New York on Jan. 12, one day before the opening of the National Retail Federation’s annual convention. Admission to retailers is free, and all proceeds from the vendor sponsorships go to help the Retail Orphan Initiative, Retailroi.org. Retailers can register for SuperSaturday here.

The fast-paced SuperSaturday event, which will be held at the PwC auditorium, is designed to provide attendees with an in-depth look at the latest data and trends in the retail industry before they hit the show floor at NRF. The 2013 edition of SuperSaturday will focus heavily on topics such as mobile, social media, and the convergence of marketing and technology in retail and consumer goods.

"In just a few years, SuperSaturday has become one of the ‘must-attend’ events for retailers at NRF. It offers unparalleled insight into the retail technology trends and strategies that are shaping the future of retail, and it unites the retail industry to provide relief to the neediest and vulnerable children in the world," said Greg Buzek, founder of IHL Group and donor trustee for RetailROI.

Since its founding four years ago, the Retail Orphan Initiative has helped over 110,000 orphaned and vulnerable children through education, computers, food and medical care, funded primarily through SuperSaturday. Over 94% of the funds have been used in direct support of charities that provide hands-on relief around the world for orphan care, adoption relief, foster care support, and rescue of children from human trafficking.

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K.Craig says:
Apr-18-2013 06:36 am

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K.Craig says:
Apr-18-2013 06:36 am

Social media we can understand it's importance through various examples it helps to build a strong community, business organizations are now using social media as a strong marketing tool as it provides various opportunities to market their business products and services and helps to reach their business clients and customer directly. Buy Fans On Facebook

A.Charli says:
Apr-08-2013 09:56 pm

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A.Charli says:
Apr-08-2013 09:56 pm

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Apr-03-2013 04:13 pm

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S.Jhon says:
Apr-03-2013 04:13 pm

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P.Lopez says:
Apr-01-2013 08:29 pm

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P.Lopez says:
Apr-01-2013 08:29 pm

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Mar-29-2013 07:39 am

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W.Mm says:
Mar-29-2013 07:39 am

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Mar-26-2013 06:13 am

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P.Jones says:
Mar-26-2013 06:13 am

This will surely increase the their market power and eventually, they can help more children in the charity. - Michael Courouleau

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