FINANCE

Gallup: Americans would rather save

BY Dan Berthiaume

Princeton – A substantially higher percentage of Americans (60%) would rather save money than spend it (37%), according to a new Gallup poll. Consumer show little difference in these preferences according to demographic categories such as age, gender, education and political party.

However, 73% of Americans earning less than $20,000 a year prefer saving over spending, compared to only 55% of those earning $75,000 or more. Gallup analysis indicates a general preference for saving among U.S. consumers partially explains why retailers generally perform better by offering sales and discounts than by offering everyday low price.

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OPERATIONS

Bebe names American Eagle exec as marketing VP

BY Staff Writer

Los Angeles — Bebe Stores, Inc. is naming Keith Keegan as senior VP of marketing, effective May 13. Keegan will be in charge of all aspects of marketing and branding across all Bebe brands and report to CEO Steve Birkhold.

Previously, Keegan has worked for Abercrombie and Fitch, Limited, and Express and most recently served as VP of marketing and creative director for American Eagle and the Aerie brand.

“Keith has a long and successful track record working for highly visible global retailers and his passion for branding along with his creative vision will help take Bebe to a whole new level,” said Birkhold. “I’m thrilled to have him join our team as we strategically focus on creating an innovative brand experience to capitalize on the growth opportunities for Bebe.”

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OPERATIONS

ValueVision appoints Comcast exec to board of directors

BY Staff Writer

Minneapolis – Robert S. Pick, senior VP of corporate development of Comcast Corporation, has been appointed to the board of directors of ValueVision Media Inc., a multichannel retailer operating as ShopNBC. Pick joined Comcast in 1989 and since that time has worked on ventures including the NBC Universal joint venture with GE Corporation, the acquisition of AT&T Broadband, and many other strategic acquisitions and partnerships.

"It gives me great pleasure to welcome Bob to our Board," said ValueVision Media Chairman Randy Ronning. "He has an impressive background in strategic corporate development coupled with a comprehensive understanding of our multichannel retailing space. We look forward to benefiting from his insights and experience to enhance shareholder value."

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