The head of an Annapolis-based advertising firm that works with top consumer product brands is betting the next breakthrough in electronics won't be in smart phones or televisions. Instead Compass Marketing CEO John White believes the next frontier is on store shelves and says electronic shelf labels could revolutionize shopping, both for retailers and consumers
Retail sales for the 2014 holiday season rose 4 percent to $616.1 billion, slightly less than expected but still the strongest holiday results in three years, the National Retail Federations said today.
WASHINGTON -- After years of advocating for an overhaul of the nation's tax code, Sen. Ben Cardin took a tentative first step toward that goal on Thursday by introducing legislation to replace much of the current income tax with what he calls a "progressive consumption tax."
After a lackluster Black Friday weekend — spending fell 11 percent from Thanksgiving through Sunday, according to the National Retail Federation — some big retailers were under more pressure to have a sales blowout.
Early holiday promotions and rising online shopping took a toll on in-store U.S. sales during the Thanksgiving weekend as shoppers on average spent 6.4 percent less than they did a year earlier, according to data released Sunday by an industry group.
At Target in Mondawmin Mall, megaphone-shaped "college" signs hover over aisles stocked with must-haves for students living on their own — mini-refrigerators, desk lamps, plastic bins, door mirrors and six-packs of microwave popcorn and ramen noodles
Consumers are expected to spend slightly more on back-to-school purchases this year than last year, driven partly by growing demand for electronics and a need to restock supplies, according to the National Retail Federation.
A hodge podge of companies -- grocery chain Albertsons, home furnishings e-tailer Wayfair, sportswear brand Under Armour and discount store Five Below -- made the top 10 list of fastest growing retailers, according to an annual report from Stores, a magazine of the National Retail Federation.
Furby is back on store shelves this holiday season, along with other toys that never left: Barbie, Legos and Elmo, to name a few. But, more than ever, tech-related playthings are elbowing their way onto the traditional toys' turf. iPads landed on the National Retail Federation's most popular toy list for the first time this year. Even the reintroduced Furby interacts with a mobile app.
Despite extra time to shop as more retailers opened for business on Thanksgiving Day, consumers spent less money this year during the first four days of the official start of the holiday shopping season, according to figures released Sunday by the National Retail Federation.
Experts predicted that 33 million Americans planned to go shopping on Thanksgiving Day, and Baltimore-area shoppers were no exception. Many Marylanders hit the stores in between Thanksgiving dinners and the nighttime Ravens-Steelers game.
By By Pamela Wood, Alison Knezevich, Jamie Smith Hopkins and Lorraine Mirabella and The Baltimore Sun
Kodiane, a Cherry Hill resident who was a guest speaker at Metropolitan United Methodist Church in Lafayette Square. He appeared as part of an Interfaith Worker Justice of Maryland effort to connect low wage workers with religious congregations.
Retailers now may recoup "swipe" fees, thanks to a proposed lawsuit settlement with Visa, MasterCard and major banks. When a consumer pays with a credit card, retailers can tack on a surcharge or "checkout fee" of up to 4 percent of the purchase to cover processing. But few are.
Retailers who deal in candy, from the specialty shops such as Rheb's to the mass discounters, are benefiting from the growing Valentine's candy trend and from increased spending on Valentine's in general.
Super Bowl season is typically a busy time for television sales, but in the Baltimore area, some stores have seen an extra boost as fans get ready for game day parties on Feb. 3, when the Ravens face the 49ers in Super Bowl XLVII.