February shows strength for shoppers

Seems that a broad range of shoppers are feeling more and more confortable about the economy, judging upon strong February sales at stores up and down the price spectrum, from J.C. Penney to Saks. The question arises, though: will this trend continue once the gas, food and clothing go up this spring? The International Council [...]

World’s largest toy collection up for sale at Sotheby’s

An unique collection is going on sale: 35,000 vintage toys and trains assembled over a period of 50 years by an American collector. Jerry Greene kept this astonishing collection in five basement rooms of his suburban Philadelphia home, and now Sotheby’s auction house in New York  has its entire floor filled by only 5000 pieces. [...]

Winners and losers of December shopping rush

The analysts say that a good December does not necessarily mean a good year start for retailers. In the conditions that 70% of the US economy is ensured by consumers’ purchase, the fact that they show a greater preference for shopping in holiday season or back to school is not necessarily encouraging for the economy. [...]

Luxury goods, clothes and goods score best in December sales in the US

December showed the longest sustained improvement since recession in terms of sales increase across the US. Consumers seem to manifest a more relaxed attitude towards managing their own budget and they tend to lavish themselves more than in 2009. Consequently, for the retailers, this means only one thing: better performance, on top of happy clients. [...]

First Chevy Volt: Sold! for $225,000

  The first customer-ready Chevrolet Volt is sold in a charity auction scheduled to end Tuesday at 6 p.m. The Chevrolet Volt has a “Premium Trim Package” of options that includes leather seats plus back-up camera and is printed in a silver color with a subtle green tint named Viridian Joule, the color only adding [...]

Online holiday spending in US – up 12% vs. 2009, reaching $22 billion

Referring to the first 40 days of the November-December holiday season, comScore – a leader in measuring digital world – reports more than $21.95 billion spent online. This amount represents a 12% increase versus corresponding period last year. Week ending December 10th registered a significant amount of almost $5 billion spent online, proving a significantly [...]

Shopping rush begins – first improvement after recession

The Black Friday, known in the US as the day when retailers start making a profit, brought large numbers of shoppers out in the shops. The image of consumers camping for hours in order to get best deals was no exception this year as well. Many got informed before of the special deals and came [...]