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NRF Research: Shoppers Will Spend More On Their Valentines This Year

NRF Research: Shoppers Will Spend More On Their Valentines This Year

January 28, 2015 | Trend Watch

Love is in the air as consumers prepare to hit the stores and purchase gifts for their Valentines. In fact, the average person celebrating Valentine's Day will spend $142.31, up from $133.91, according to the National Retail Federation's (NRF) Valentine's Day Consumer Spending Survey. The survey, conducted by Prosper Insights and Analytics, concluded that total spending will reach $18.9 billion, an all-time high reported in this annual survey. The vast majority of consumers (91%) plan to spend an average of $87.94 on their significant others, up from $78.09 in 2014. Additionally, 59% will spen...

Movers & Shakers

J. Crew CFO Jumps To Lululemon

J. Crew CFO Jumps To Lululemon

J. Crew CFO Stuart C. Haselden is leaving his post to join the executive team at lululemon athletica. Haselden will start his position as CFO for the workout apparel retailer on...

Oracle Names Former IBM Exec General Manager Of Retail Division

Oracle Names Former IBM Exec General Manager Of Retail Division

Oracle has appointed Jill Puleri as Senior Vice President and General Manager of Oracle Retail. Most recently, Puleri served as Worldwide Retail Industry Leader for IBM Global Business Services. ...

Target Announces New Executive Changes

Target Announces New Executive Changes

Target Chairman and CEO Brian Cornell has announced new executive changes and leadership roles designed to help the retailer accelerate its business and encourage digital transformation. Casey Carl, who is...

Mergers & Acquisitions

Family Dollar Shareholders Approve Dollar Tree Merger

Family Dollar Shareholders Approve Dollar Tree Merger

Shareholders at Family Dollar Stores have approved the discount retailer’s proposed $8.5 billion sale to Dollar Tree. Approximately 74% of Family Dollar’s total outstanding shares voted in favor of the...

ServiceRocket Acquires Learndot Developer

ServiceRocket Acquires Learndot Developer

ServiceRocket, a provider of customer service training, utilization and support technology, has acquired the assets of Matygo Educational Incorporated, the developer of the Learndot customer education platform. Financial terms of...

Demandware Acquires Tomax For $75 Million

Demandware Acquires Tomax For $75 Million

Demandware made ripples on the NRF BIG Show floor by announcing its acquisition of POS and store operations solution provider Tomax. Demandware will pay $75 million for the company: $60 million...

Financial News

Adyen Processes $25 Billion In Transactions During 2014

Adyen Processes $25 Billion In Transactions During 2014

Global payments technology provider Adyen processed $25 billion in payments transactions in 2014, an 80% increase over 2013. Year over year, the company also experienced revenue growth of more than...

Iterable Raises $1.2 Million In Seed Funding

Iterable Raises $1.2 Million In Seed Funding

Iterable, a provider of email marketing automation solutions for e-Commerce companies, has raised $1.2 million in seed funding. The financing round was led by Merus Capital, 500 Startups, 605...

Sony To Close All 14 Canadian Stores

Sony To Close All 14 Canadian Stores

Sony will close all 14 of its retail locations in Canada, according to a company statement. The closures will occur within the next six to eight weeks, and will result...