April 11, 2013 |
'When two elephants fight, the grass gets trampled," goes the African proverb. The same can be said for the epic battle between banks and retailers over interchange fees - what retailers pay to accept credit and debit cards for payment. This battle has resulted in harm to consumers, community banks, and mom-and-pop retailers as Congress injected itself into the fight. Fortunately, this battle is finally drawing to a close. Last year the payments and retail industries resolved their differences through the court system, negotiating a $7.25 billion settlement to their dispute.
December 24, 2012 |
T'was the Sunday before the Sunday before Christmas, and all through the stores, so few consumer-creatures were stirring . . . well, I barely waited for a food-court burrito, hardly broke a sweat for parking, and saw virtually none of the long checkout lines retailers expect and need during the holidays. Uh-oh , I thought to myself. That bad feeling I'd had on Black Friday, after retailers pulled out the stops with Thanksgiving store openings - only to see less-than-killer crowds the next day - had apparently been a sign of more troubling news to come.
January 14, 1988 |
Since 1980, American retailers have been carrying on a love affair with imported clothing makers and spurning the products of domestic apparel manufacturers. But over the past six months or so, the U.S. garment industry has enjoyed a renewed flirtation with retailers, partly in response to the dollar's falling value overseas and partly because of a new perception by consumers that clothing made in the U.S.A. is better. "There's definitely movement in the direction of domestic clothing makers," said Bob Swift, executive director of Crafted with Pride in the USA Council, the non-profit group that developed the "Made in the USA" campaign.
February 14, 1996 |
Wallace Oversby had a big decision to make - what kind of lingerie to buy his girlfriend for Valentine's Day. A teddy? A bustier? The 23-year-old Embassy Suites guest services clerk was torn. He said he wanted to get her something sexy but not too risque. "You don't want her to think you're some kind of a freak or anything," he explained, as he left Secrets on South, an intimate-apparel store. Thanks to customers like Oversby, who already had purchased a pair of $70 black Reebok athletic shoes for his sweetheart, many retailers yesterday breathed a collective sigh of relief.
October 23, 1992 |
To hear some retailers, it won't be the decorations going up, or the carolers singing that will inspire Philadelphians to begin their Christmas shopping. Rather, it's the inevitable end of this year's political campaigns, which have preoccupied customers for months, that may encourage them to get out and spend. "I don't think Bush is going to win, and I think that'll give a real boost to the economy," said Larry Glauser, co-owner of the Sports Favorites apparel store on Cottman Avenue in the Northeast.
August 6, 1987 |
Attention Yupscale shoppers: Sharper Image, the executive toy catalog business that also operates 30 retail stores, is racing into Ardmore for an October opening - maybe aboard a pair of its $99 "Frollerskates with Innershoes. " J. Bildner, a hybrid grocery caterer and gourmet operation based in Boston, is renovating a store on Rittenhouse Square, where it will sell things like Ethiopian Harar coffee and goat cheese, side by side with toothpaste and toilet paper. Honeybee, which sells brand-name and designer women's career clothes, is coming to 1711 Walnut St. by early October.
January 4, 2013 |
NEW YORK - A last-minute surge in spending saved the holiday shopping season. Major retailers, including Costco, Gap and Nordstrom, on Thursday reported better-than-expected revenue in December. That comes as a relief for stores, which can make up to 40 percent of their annual revenue in the last two months of the year. Americans spent cautiously early in the season as the Northeast recovered from Superstorm Sandy. Then they held back because of fears that the U.S. economy would fall off the "fiscal cliff," triggering massive budget cuts and tax increases that would have amounted to less money in their pockets.
September 24, 1999 |
They were developers, Realtors and retailers and nearly all of them had one thing in common: But for nine or 10, almost none were registered to vote in Philadelphia. They weren't necessarily campaign contributors, either, and the event was not a fund-raiser. But that doesn't mean that either candidate for mayor could afford to be absent. Nope. If you're going to be mayor in Philadelphia, you need these guys on your team. "They represent important development interests in the city of Philadelphia," said Republican mayoral candidate Sam Katz yesterday after addressing several hundred members of the International Council of Shopping Centers, who were holding their annual regional meeting at the Convention Center.
January 19, 2011 |
Nyeemah Davis pulled away from her mother's hand, bounded through Cherry Hill Mall's newest children's clothing store, 77kids, and marched up to the electronic kiosk. Nyeemah, only 4 years old and dressed in a hooded, navy blue 77kids sweat suit, punched the oversize buttons on what looked like a giant iPod touch and snapped a digital self-portrait. Then she wandered over to the leopard-print hoodies. "Oh my God, Ny absolutely loves this store," said Laverne Davis, 28, of Clementon, who shops at the store's slightly grown-up predecessor, American Eagle.
March 3, 1989 |
The nation's major merchants turned in solid sales performances in February, they reported yesterday. Industry analysts said the retailers were helped in large part by women's strong responses to new spring fashions. Jeffrey Feiner, a retail analyst at Merrill Lynch & Co., said the results "were slightly ahead of expectations and reflected the continued improvement that was evident during the Christmas and January selling seasons. " The retailers' sales in stores open for more than a year rose an average of 7 percent to 8 percent in February over the same month a year ago, while total sales were up about 16 percent on average, the analysts said.