Marshal Cohen News
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A jump in sales of men’s pajamas has put the spotlight on a new trend: PJs are moving from the bedroom to the street.
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On the heels of Downton Abbey’s success on American television, British retailers are banking on a love of all things English to expand their business in the world’s biggest apparel market.
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For years, publishers could count on bored shoppers waiting in the checkout line to pick up a magazine, get engrossed in an article, and toss it into their cart alongside the milk and eggs. Then came “mobile blinders.”
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Samsung Electronics Co. is developing a wristwatch as Asia’s biggest technology company races against Apple Inc. to create a new industry of wearable devices that perform similar tasks as smartphones.
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While Tim Cook has dropped hints that Apple Inc. is hard at work on a television to drive the next era of growth, the company’s wristwatch-style device, still in development, may prove more profitable.
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U.S. retailers expecting to ring up sales in the days after Christmas may have to intensify discounts after a snowstorm slammed the East Coast yesterday, disrupting one of the busiest shopping days of the year.
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Target Corp. took some flak for opening stores on Thanksgiving because doing so would give employees less celebrating time with their families. Still, the 9 p.m. start attracted more parents and their kids.
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Dave Murphy , president and chief operating officer of Red Wing Shoe Co., got hearty applause when he announced record earnings for 2010 -- $448 million, up 12 percent from 2009 -- at this year’s shareholder meeting in Red Wing, Minn. But the announcement that got the roughly 150 shareholders out of their seats for a standing ovation was not about dividends or returns. It was the 315 employees the company hired in 2010, bringing head count close to 2,200 today.
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Once upon a time, celebrities were happy to slap their names on merchandise and take the money.
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Limited Brands Inc. and Macy’s Inc. posted November same-store sales that topped analysts’ estimates as Thanksgiving weekend deals drew record crowds, while stores that missed out on the shopping blitz trailed expectations.
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