Consumer confidence up in November
New York City — Confidence is up according to The Conference Board, whose leading economic index (LEI) for the United States increased 1.1% in November to 112.4, following a 0.4% increase in October, and a 0.6% increase in September.
"November’s sharp increase in the LEI, the fifth consecutive gain, is an early sign that the expansion is gaining momentum and spreading,” said Ataman Ozyildirim, economist at The Conference Board. “Nearly all components rose in November. Continuing strength in financial indicators is now joined by gains in manufacturing and consumer expectations, but housing remains weak."
Glee star named spokeswoman for Flirt! Cosmetics
NEW YORK — Flirt! Cosmetics, which is available exclusively at Kohl’s, has teamed up with "Glee" star Heather Morris, who will be the new celebrity style ambassador in support of the brand’s spring 2011 product collection.
Morris will act as ambassador for brands appearing on Flirt!’s website and social networks and will supportx in-store and promotional efforts, including a consumer contest looking for the next "flirtiest performer." The campaign will launch in early 2011.
Industry groups applaud tax cut package
ARLINGTON, Va. and WASHINGTON – The National Retail Federation and the Retail Industry Leaders Association both issued statements supporting thefinal passage of a bipartisan agreement for extending critical individual and business taxes.
“American families have not only avoided a massive tax hike that would have taken billions of dollars out of paychecks beginning on New Year’s Day, but will see those checks grow because of the reduction in Social Security payroll taxes,” NRF president and CEO Matthew Shay said. “That extra money is going to go to satisfy pent-up demand, and will help stimulate activity and job growth as it spreads throughout the economy. In addition, the business expensing provisions of this package are going to provide employers with powerful incentives to invest and create jobs. This is a clear win for our nation’s economy.”
RILA emphasized that the tax package is good news for retailers heading into the New Year. “With the President’s signature, this package will put money back in the pockets of consumers and end the uncertainty many job providers were facing regarding their tax liabilities in 2011,” saidRILA EVP public affairs Katherine Lugar.