Content about Economics

May 13, 2013
Vantiv upgrades point-of-sales tech

Vantiv, a leading provider of payment processing services and related technology solutions for merchants and financial institutions, is combining point-of-sale redemption technology with the Visa Offers platform for cardholders and merchants of all sizes.

May 2, 2013
Tractor Supply Co. increases dividend

Tractor Supply Company, the largest retail farm and ranch store chain in the United States, has announced that its board increased the company's quarterly cash dividend 30% to $0.26 per share of the company's common stock, up from the previous $0.20 per share.

May 1, 2013
Social media firm growing in Minneapolis

Social shopper media firm Collective Bias may have been founded in Walmart’s home town of Bentonville, Ar., but the firm has big plans to help suppliers to Target achieve their social media objectives.

April 26, 2013
Annie's names organic food exec new SVP, strategy

Annie's, a leading natural and organic food company, has appointed Ed Aaron to the newly created position of SVP of strategic planning and investor relations.

April 23, 2013
Former retail exec Begelman charged with insider trading

A Monday report by Forbes said that former retail executive Mark Begelman has been charged with profiting off confidential information.

April 18, 2013
PepsiCo encouraged by Q1 results

PepsiCo reported a net revenue increase of 1% to $12,581 billion from $12,428 billion for the period ended March 23. Its net income declined by slightly more than 1 billion to $1,085 billion from $1,133 billion.

April 12, 2013
Target accepts $760.7 million of debt for purchase

Target has accepted for purchase $760.7 million worth of debt as part of a $1.1 billion debt-refinancing plan announced last month, the mass merchandiser said.

April 4, 2013
SecureNet exceeds in $19 billion in annual transaction volume

SecureNet Payment Systems, an innovative payment technology company directly connected to the major card networks, announced the company has exceeded $19 billion in annual transaction volume and increased its number of merchant partners to over 16,000.

March 26, 2013
Kellogg's powers consumer loyalty with Family Rewards Program

The Kellogg Company displayed the benefits of a strong customer-loyalty program with a presentation of its Kellogg's Family Rewards program, developed by the company Aimia, at the Loyalty Expo in Orlando, Florida.

March 24, 2013
Target debt for sale

Target announced that it will sell off about $209.3 million worth of debt as the company moves to refinance $679 million worth of debt due between 2028 and 2031, the mass merchandise retailer said.

March 20, 2013
Deloitte: Consumer Spending remains steady in February

The Deloitte Consumer Spending Index remained steady in February primarily as a decline in initial unemployment claims and a rise in real average hourly earnings offset negative forces.

March 14, 2013
Kennedy assumes new finance role at Target

Scott Kennedy was named president of Target financial and retail service to replace long time finance executive Terry Scully.

March 12, 2013
Profits up at Urban Outfitters

Net income rose to $83 million at Urban Outfitters for its fourth quarter from $39.26 million in the year-ago period, on strong same-store sales and higher revenue.

March 12, 2013
Sport Chalet aiding injured workers

A blood drive and fundraising effort are underway in Southern California to support two employees injured in an explosion at a Sport Chalet store.

March 7, 2013
Earnings surge makes PetSmart the cat's meow

PetSmart reported that its fourth quarter earnings were up 36% to $1.24.

March 5, 2013
JCPenney’s problems mount

JCPenney Co. last Tuesday dominated the retail news as its shares dropped 10.6% to a four-year low after reports that one of its largest shareholders had sold a chunk of the troubled company’s stock.

March 1, 2013
First Data expands FourSquare specials program

First Data, a provider of electronic commerce and payment processing, announced that it is working with Foursquare to extend its already-successful Foursquare Specials for Credit Cards program to now accept Visa and MasterCard, and most debit cards.

February 25, 2013
MasterCard enhances digital payments

At Mobile World Congress, MasterCard introduced MasterPass, a digital service that allows consumers to use any payment card or enabled device to discover enhanced shopping experiences that are as simple as a click, tap or touch – online, in-store or anywhere.

February 25, 2013
uTouchPOS offers low-cost payment solution

LAS VEGAS — Point-of-sale solutions provider, uTouchPOS, announced that is now offering a "Business Starter Bundle" for just $299.

uTouchPOS has partnered with North America's leading payment processing companies: First Data Independent Sales and Mercury Payment Systems to offer a complete uTouchPOS point of sale system for $299.

February 25, 2013
Visa helps merchants go mobile

Visa announced that it has signed an agreement with leading mobile commerce provider ROAM, an Ingenico company, to enable merchants of all sizes to accept electronic payments using mobile technology.

February 21, 2013
Card marketer names new CTO

Brian Michon was named chief technology officer at Cartera Commerce, a Boston-based provider of card-based marketing solutions for merchants, banks and loyalty programs.

February 14, 2013
Guns, ammo drive Cabela’s 12% Q4 comp

Strong sales of guns at ammunition at Cabela’s contributed to a 12% same store sales increased and enabled the company to report record sales and profits for the fourth quarter and full year.

February 5, 2013
Credit card group takes swipe at NRF

The National Retail Federation has been outspoken in its criticism of credit card fees and now a group called the Electronic Payments Coalition that represents credit unions,banks and payment card networks is firing back, claiming that the retail lobby is making false statements regarding checkout fees.

February 5, 2013
Target loyalty program comes to Canada

Canadian consumers eager to get their hands on a Target loyalty card can now apply for one.

January 28, 2013
Sweet Valentine's Day sales predicted

LOS ANGELES — Consumers expect to spend slightly more on Valentine's Day merchandise this year than last year, according to a report by market research firm IBISWorld.

The report forecasts spending of $134.08 per person, compared with last year's $133.99. Total revenue for the holiday is expected to grow by 3.2%, to $20.8 billion, despite incomes and consumer sentiments remaining below what they were before the recession.

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