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Easter Spending Expected to Hit $14 billion

American consumers are eager to celebrate Easter with their family and friends, with the tTotal holiday spending estimated to reach $14.37 billion, according to NRF’s 2007 Easter Consumer Intentions and Actions Survey. This year, shoppers who are planning to celebrate Easter (79.5%) are expected to spend an average of $135.07, up 11% from last year’s $121.72 per person. 

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Web 2.0 Helps E-Commerce Sites Beat Offline Stores in Customer Satisfaction

Customer satisfaction with e-commerce surpassed that of offline retail by 11.6%, according to the 4th Quarter 2006 American Customer Satisfaction Index (ACSI) E-Commerce Report by ForeSee Results.  E-commerce's overall customer satisfaction score jumped to 80 on a 100-point scale. 

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Consumers Would Pay 5-10% More for Ethical Brands: Survey

Consumers in five of the world's leading economies believe business ethics have worsened in the past five years and are turning to "ethical consumerism" to make companies more accountable, according to a study by GfK NOP, seen exclusively by the Financial Times.

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Record 182,000 New Products Flood Global CPG Shelves

In 2006 a record-breaking 182,000 new consumer packaged goods (CPG) products were introduced globally in stores, with key booming areas focusing on mind, body, and general good health, according to the Mintel Global New Products Database (GNPD).

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January Retail Sales Flat at $370B; Business Inventories also Unchanged

January retail sales were unchanged at $370.4 billion after a 1.2% gain in December, the Commerce Department reported. Retail sales excluding autos and gasoline rose 0.5% in January compared to 1% rise in December.

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Global Top 250 Retailers Sales Jump 6% to Over $3 trillion in 2006: Deloitte Report

Consumers spent $3.01 trillion with the top 250 retailers in the world between July 1, 2005, and June 30, 2006, an increase of 6% over the same period a year ago, according to "The Global Powers of Retailing 2007" report from Deloitte and STORES magazine.

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Top 10 Most Competitive Retailer for 2007

The top 10 most competitive retailers in 2007 have generated a return on invested capital (ROIC) of 15.43%, three times higher than other retailers at 5.03% since 2001, according to a study conducted for the NRF Foundation by the Kanbay Research Institute (KRI).

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Americans Will Pony Up $40 billion on Gift Cards This Season

One reason for the rise in popularity of gift cards: "The stigma of the gift card being a thoughtless gift is gone," said NRF spokesman Scott Krugman. "People love getting them." (IBD report). One advantage of gift cards to retailers is that they prolong the holiday shopping season well past Christmas. 

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Target Will Hit $100 billion in Sales by 2010; Wal-Mart to Hit $500 billion

Target will approach $100 billion in sales in 2010, nearly doubling its current size, according to management consulting and market research firm Retail Forward report "Target 2010: Growth and Outlook". Wal-Mart is expected to reach $500 billion in sales by 2010.

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Black Friday Sales Up 6% to Nearly $9B; Wal-Mart Disappoints

The nation's retailers had a strong start to the holiday shopping season, as sales rose 6% to $8.96 billion on Balck Friday, compared to the same day a year ago, according to ShopperTrak RCT Corp., which tracks total sales at more than 45,000 mall-based retail outlets. However Wal-Mart sales lagged as it expects to report same-store sales in November below its already lackluster forecast.

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