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HOFFMAN ESTATES, Ill., Dec. 6, 2013 /PRNewswire/ — Sears Holdings Corporation (NASDAQ: SHLD) announced that, in connection with its previously announced consideration of a separation of its Lands’ End business, Lands’ End, Inc. filed today a registration statement on Form 10 with the Securities and Exchange Commission. Sears Holdings intends to spin off its Lands’... Read more »

The Conference Board Leading Economic Index for the U.S. increased 0.2 percnt in October to 97.5, following a 0.9 percent increase in September, and a 0.7 percent increase in August. “The modest rise in the Leading Economic Index in October follows the strong advances recorded in the prior two months, which helps lift the six-month... Read more »

The Conference Board Consumer Confidence Index, which had decreased sharply in October, declined again in November.  The Index now stands at 70.4, down from 72.4 in October.  The Present Situation Index edged down to 72.0 from 72.6.  The Expectations Index declined to 69.3 from 72.2 last month. “Consumer confidence declined moderately in November after sharply... Read more »

The amount of money that consumers spent over the Thanksgiving weekend is estimated to have slipped 2.7% to $57.4B, the National Retail Federation says. The drop is in contrast to estimates that Thanksgiving and Black Friday sales at brick-and-mortar stores rose 2.3%. The average consumer spent $407.02 over the whole weekend, down 3.9% from last... Read more »

Bentonville, Ark., November 25, 2013 – Wal-Mart Stores, Inc. (NYSE: WMT) today announced that its board of directors elected company veteran Doug McMillon, 47, to succeed Mike Duke, 63, as president and chief executive officer, effective February 1, 2014. McMillon was also elected to the company’s board of directors, effective immediately. “This leadership change comes... Read more »

Interesting little tid-bit in The Home Depot’s recent SEC filing for the period ending August 4, 2013. Interconnected Retail – Our focus on interconnected retail is based on building a competitive platform across all commerce channels. As of the end of the second quarter of fiscal 2013, approximately one-third of our online orders were completed... Read more »

TORONTO–(BUSINESS WIRE)– Hudson’s Bay Company (TSX:HBC) (“HBC” or the “Company“) is pleased to announce that it has successfully completed its previously announced acquisition (the “Acquisition“) of all of the outstanding shares of Saks Incorporated (“Saks“) for US$16.00 per share in an all-cash transaction valued at approximately US$2.9 billion, including debt. With the Acquisition, HBC creates... Read more »

The Conference Board Consumer Confidence Index, which had declined moderately in September, decreased sharply in October.  The Index now stands at 71.2 (1985=100), down from 80.2 in September.  The Present Situation Index decreased to 70.7 from 73.5.  The Expectations Index fell to 71.5 from 84.7 last month. “Consumer confidence deteriorated considerably as the federal government... Read more »

Waterloo, ON- 2013-November-5 – Open Text Corporation (NASDAQ: OTEX) (TSX: OTC), a global leader in Enterprise Information Management (EIM), announced today that it has entered into an agreement and plan of merger (Merger Agreement) to acquire GXS Group, Inc. (GXS), a leader in business-to-business (B2B) cloud integration, pursuant to which GXS will become a wholly-owned... Read more »