Webinar: Keeping Up With the Consumer —2012 Black Friday Recap
New York — Chain Store Age will hold a webinar on Thursday, Dec. 13, 2 p.m. ET (11 a.m. PT) that will examine email marketing trends for Black Friday 2012 and how marketers used email to promote store shopping and events during the holiday weekend.
The webinar, sponsored by Bronto, will also cover such topics as promotional trends and the influence of mobile and social. Find out what you will need to do early in next year’s holiday season to ensure success.
Click here for more information.
Consumer confidence falls
New York — Consumer confidence declined more than expected in December, reaching a four-month low as Americans grew concerned about the possibility of higher taxes next year. The Thomson Reuters/University of Michigan preliminary consumer sentiment index decreased to 74.5 this month from 82.7 in November. Economists had projected a preliminary reading of 82 for December.
The metric of current conditions, which reflects consumers’ perceptions of their financial situation and whether it is a good time to buy big-ticket items, eased to 89.9 from 90.7 the prior month.
The Michigan index of consumer expectations six months from now, which projects the direction of consumer spending, decreased to a one-year low of 64.6 from 77.6 in October. Americans were more pessimistic about the outlook for their finances, the economy and the labor market, the report said.
Macy’s board OKs share repurchase
Cincinnati — Macy’s Inc. on Friday said that its board has increased its share repurchase authorization by $1.5 billion.
The retailer said the increase brings the total approved to buy back shares to $1.86 billion.
Macy’s CEO Terry Lundgren said that the company is committed to using its excess cash to enhance shareholder value through buybacks and dividends and the decision reflects the strength of the company’s business.
The retailer resumed its share repurchase program in August last year and has bought back approximately 42.6 million shares since then.
Macy’s has an estimated 395.5 million shares outstanding.