Retail
Shoppers respond with record Thanksgiving weekend
A record 247 million people visited stores and websites between Thursday and Sunday and spent a total of $59.1 billion, 13 percent more than last year’s Thanksgiving weekend, the National Retail Federation (NRF) said today.
Consumers plan to spend more for gifts
Consumers are more willing to spend this holiday season than last year, according to the ICSC-Goldman Sachs 2012 Holiday Spending Intentions Survey.
AT&T upgrades mobile network in Milwaukee
AT&T Inc. announced Wednesday it has turned on its 4G LTE network in the Milwaukee market, bringing customers the latest generation of wireless network technology.
Competition takes toll on Roundy’s earnings
Milwaukee-based Roundy's Inc. reported third quarter adjusted net income of $8.8 million, or 20 cents per share, down from $12.4 million, or 41 cents per share, in the same period a year ago.
Allen Edmonds expands growth plans
Port Washington-based Allen Edmonds Shoe Corp. is receiving a $20 million loan from Green Bay-based Associated Banc-Corp for expansion plans that include a lease of 30,000 square feet of existing warehouse space in Port Washington and plans for two additional stores in China.
Kohl’s reports solid quarter
Kohl's Corp. today reported third quarter net income of $215 million, or 91 cents per share, up from $211 million, or 80 cents per share, in the same period a year ago.
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Zuckerman Jewelers is Mequon-Thiensville Small Business of the Year
A.C. Zuckerman Jewelers has been named the Mequon-Thiensville Small Business of the Year by the Mequon-Thiensville Chamber of Commerce.
Shopko names new interim CEO
Green Bay-based Shopko Stores announced today that chief operating officer Mike Bettiga has been appointed interim chief executive officer of the company, effective immediately.
BizTimes Morning Headlines: Firehouse Subs plans several Milwaukee locations
Firehouse Subs, a Florida-based sub shop with more than 500 restaurants around the nation, plans to open its first Wisconsin location in Ashwaubenon this winter.
Comparable store sales dip at Kohl’s
September sales at U.S. retailers were mostly solid, as they included some back-to-school shopping ahead of the holiday season.