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Study: Thanksgiving Shopper Traffic Flat

BY CSA STAFF

Chicago, Acompany that tracks shopper traffic at malls and retail centers found a relatively flat sales performance for the Thanksgiving weekend. ShopperTrak RCT Corp.’s Retail Traffic Index (SRTI) today reported that total U.S. retail traffic during the first two days of the annually strong Thanksgiving weekend rose 0.1% as compared to same two-day period in 2004, paralleling the rather flat sales performance reported in the company’s NRSE sales data from the same period this holiday season. On a daily basis, preliminary traffic for Black Friday fell 0.6%, and Black Saturday faired a bit better, rising 1.1%.

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Factory Card CFO Departs

BY CSA STAFF

Naperville, Ill., Factory Card & Party Outlet Corp. said its executive VP, CFO and chief administrative officer James D. Constantine is leaving the company to pursue other interests.

The retailer also announced the promotion of controller Jarett A. Misch to VP, controller and chief accounting officer, and the promotion of treasurer Timothy J. Benson to VP and treasurer.

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Casual Corner to Close All 525 Stores

BY CSA STAFF

Enfield, Conn., Casual Corner Group will close or sell all 525 of its stores in 42 states and Puerto Rico. The Casual Corner, Casual Corner Annex and Petite Sophisticate stores will begin closing sales on Friday, the company said in a news release. “However, we continue to examine the long-term strategic options for the Casual Corner Group stores, including the search for investors interested in continuing the Casual Corner/Petite Sophisticate brands and operations,” said Malcolm Sherman, the company’s chief executive officer. The company was founded in 1950 in West Hartford, Conn.

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