FINANCE

Deloitte Consumer Spending Index rises in May

BY Dan Berthiaume

New York – Improvements in real home prices, initial unemployment claims and real wages drove an increase in the Deloitte Consumer Spending Index last month. The Index, which comprises four components of tax burden, initial unemployment claims, real wages and real home prices, rose slightly in May to 4.27 from a reading of 4.12 the previous month.

The tax burden remained flat compared with the previous month but rose 2.26% from the previous year, while unemployment claims totaled 343,000, down almost 6% from May 2012. Hourly real wages moved up 0.4% from the same period a year ago, reaching $8.81, and real home prices climbed to $117,329, an 8.5% increase from the prior year.

"Three out of the four components of the Index contributed to an uptick in May and have stayed on a moderate and steady track of improvement over the past several months," said Daniel Bachman, Deloitte’s senior U.S. economist. "The labor market has stabilized, and initial unemployment claims fell nearly 6% since this time last year, while real home prices continued to climb and real wages crept up."

However, Alison Paul, vice chairman, Deloitte LLP and retail & distribution sector leader, cautioned that weather can have an uncontrollable impact on consumer spending.

“Retailers should take a cue from the past year’s weather as a reminder of the many volatile and unforeseen factors that may affect their sales,” said Paul. “Predictive modeling and scenario planning can help retailers prepare for potential business disruptions, which can have a profound impact as they head into their busy and profitable back-to-school and holiday seasons."

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STORE SPACES

Ecova survey: 60% of retailers have EMS in place

BY Marianne Wilson

New York — Sixty-percent of retailers have energy management systems within their site portfolios, but only 46% have a formal energy management strategy in place.

Those are among the findings of a survey conducted by Ecova, a total energy and sustainability management company. In other survey findings, 44% of the respondents said they currently benchmark their portfolio or sites, and 21% have applied for the Energy Star label for their portfolio.

The survey was conducted live, during a Chain Store Age Webinar, “Saving Resources and Increasing Your Bottom Line: Four Steps to Make it Work,” sponsored by Ecova.

Click here to hear the archived webinar.

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A.Munteanu says:
Oct-24-2013 04:40 pm

nice informations
My sister tell me about this site and now I'm very excited because here I found this great informations who help me very much in my future.Thanks for all this nice info ______________ jocuri cu motorete

A.Munteanu says:
Oct-24-2013 04:40 pm

My sister tell me about this site and now I'm very excited because here I found this great informations who help me very much in my future.Thanks for all this nice info ______________ jocuri cu motorete

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FINANCE

Foot Locker gets approval for Runners Point purchase

BY Staff Writer

New York — Foot Locker has received approval from the Federal Cartel Office in Germany to complete its acquisition of Runners Point Warenhandelsgesellschaft mbH (RPG), initially announced in May 2013. RPG is majority owned by private equity group Hannover Finanz and operates more than 200 specialty athletic retail stores in Germany, Austria, The Netherlands and Switzerland under various banners, as well as an e-commerce site.

The transaction, valued at roughly $94 million, is expected to close early next month.

As of May 4, Foot Locker operated 3,321 stores in 23 countries in North America, Europe, Australia, and New Zealand, as well as several e-commerce sites.

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