OPERATIONS

Dunkin’ Brands names global strategy officer and CFO

BY Staff Writer

Canton, Mass. — Dunkin’ Brands Group said Monday that it has named current CFO Neil Moses as its new chief global strategy officer, charged with driving the company’s strategic initiatives.

Paul Carbone, formerly VP finance and strategy, is being promoted to CFO.

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REAL ESTATE

Dick’s Sporting Goods to open two new stores on June 13

BY Staff Writer

Pittsburgh — Dick’s Sporting Goods announced Monday it will open two new stores on June 13.

A store at Bloomfield Town Square, in Bloomfield, Mich., will be the sporting goods retailer’s 20th store in the state.

The new store opening at Northborough Crossing, in Northborough, Mass., will be the retailer’s 17th in the state.

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FINANCE

First Data: May card spending healthy

BY Katherine Boccaccio

Atlanta — A report released Monday by First Data Corp. found that same-store consumer spending by credit, signature debit, PIN debit, EPT cards and checks at U.S. retail locations rose 7% year-over-year. April’s growth was 5.7%.

The First Data SpendTrend analysis for the full month of May 2012 showed that, although consumers continued to spend at a healthy clip early in the month, activity did slow as the month progressed. Transaction growth in May held fairly steady at 5.9%.

According to the report, consumers were more cautious with spending in discretionary categories in May. Industries such as hotels and restaurants saw significantly slower dollar volume growth in May compared with April. Overall year-over-year average ticket growth was 1.0% in May, up from April’s -0.1% growth. In May, credit dollar volume growth surged to 8.2% past April’s growth figure of 5.8%.

“Overall May card spending growth was healthy, but there is reason for caution. During the month we saw consumers reducing the growth of their discretionary spending at retail merchants and increasingly resorting to credit for necessities,” said Silvio Tavares, senior VP and division manager of First Data Global Information and Analytics Solutions, which publishes SpendTrend.

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B.Smalls says:
Apr-15-2013 01:39 pm

Here is a weird thing. No
Here is a weird thing. No matter how poor people are, they still keep on shopping either for holidays or for everyday needs. They are willing to do whatever it takes, even find online money borrowing centers at high interest...but they still can't refuse from the idea of spending extra. I do not think that it is a good thing. We should rather learn how to live frugally and forget about overspending. This year's overdraft was noticed to be the highest one. And yet still it does not seem to bother too many consumers...they are ok with going beyond the limit. Where is the logic here? There is none!

B.Smalls says:
Apr-15-2013 01:39 pm

Here is a weird thing. No matter how poor people are, they still keep on shopping either for holidays or for everyday needs. They are willing to do whatever it takes, even find online money borrowing centers at high interest...but they still can't refuse from the idea of spending extra. I do not think that it is a good thing. We should rather learn how to live frugally and forget about overspending. This year's overdraft was noticed to be the highest one. And yet still it does not seem to bother too many consumers...they are ok with going beyond the limit. Where is the logic here? There is none!

S.Ledesma says:
Jun-12-2012 03:53 pm

payday cash advance
According to the report, consumers were more cautious with spending in discretionary categories in May. Industries such as hotels and restaurants saw significantly slower dollar volume growth in May compared with April.

According to the report, consumers were more cautious with spending in discretionary categories in May. Industries such as hotels and restaurants saw significantly slower dollar volume growth in May compared with April.