FINANCE

Three key teen retailers to stop reporting monthly sales

BY CSA STAFF

New York City — Teen retailers Abercrombie & Fitch Co., Aeropostale and American Eagle Outfitters will stop reporting monthly sales after Thursday.

Many retail executives say reporting sales from stores open at least a year puts too much focus on short-term results.

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FINANCE

San Diego repeals limits on Walmart Supercenters

BY CSA STAFF

New York City — The City Council of San Diego repealed strict limits on new retail supercenters Tuesday amid concerns over the cost of a ballot measure forced by a Walmart-led petition drive, the Associated Press reported.

The 7-1 vote came less than two months after the council required retailers such as Walmart to study how so-called "big-box" stores would affect the economy and traffic. Opponents of the measure said it amounted to a ban.

Wal-Mart Stores gathered more than 50,000 signatures after its setback in December to force a special election this year that would have cost taxpayers up to $3.4 million at a time when the nation’s eighth-largest city is weighing severe spending cuts.

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Staples promotes tech commitment

BY CSA STAFF

FRAMINGHAM, Mass. — Staples Inc. announced that it will showcase its enhanced focus on new technologies and services in its retail stores with a new television spot airing regionally during the Super Bowl on Feb. 6.

“We’re already a force in technology and now we’re taking our game to the next level with EasyTech associates and store redesigns that provide even more space for technology and services,” said Jevin Eagle, EVP merchandising and marketing, Staples, Inc. “Staples is staying at the forefront of technology, building off the phenomenal success with the Amazon Kindle during the holiday season, and gearing up to be a major destination for tablets this spring.”

According to Staples EasyTech associates are available at every U.S. store toassist customers with a wide range of technology services such as new computer set-up, computer diagnostics, hardware and software installations, data transfer, security, repair and troubleshooting, and Free PC Tune-Up – regardless of where the computer was purchased.

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