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Fashion Lovers Grow Weary of Waif Look

Internet, reality TV spark use of real people as models

(Newser) - Fashion blogs, "Ugly Betty", and other pop staples are nudging the fashion industry to use more real people as models, Newsweek reports. So are YouTube, reality TV, and a slew of designers who make affordable lines for Target and H&M. "People would like to see somebody up...

Target CEO to Step Down
Target CEO to Step Down

Target CEO to Step Down

With sales lagging, retiring Ulrich will give way to president Steinhafel

(Newser) - Target CEO Bob Ulrich, 65, will retire May 1, to be replaced by the president Gregg Steinhafel, the Wall Street Journal reports. Though Target almost tripled sales during Ulrich's 13-year tenure, it's recently had a run of weak sales. "Our board and I have great confidence in Gregg as...

Retailers Put Brakes on Expansion
Retailers
Put Brakes
on Expansion

Retailers Put Brakes on Expansion

As economy lags, big chains open fewer stores

(Newser) - America's biggest retailers are beginning to ease up on the construction of new stores, reversing the if-we-build-it-they-will-come trend of recent years, CNNMoney reports. Faced with decreasing sales in a slowing economy, chains such as Wal-Mart, Target, Starbucks, McDonald's, and Walgreen either have cut back on new stores or are considering...

Retail Leads Black Friday Rally
Retail Leads Black Friday Rally
MARKETS

Retail Leads Black Friday Rally

Wal-Mart, Target, JC Penney all gain; Citigroup rebounds

(Newser) - Stocks rose in an abbreviated session today, cutting losses for the week as early-bird Christmas shopping gave reason for optimism. "The fact that Black Friday is not a disaster and is off to a modest but healthy start is just a relief,'' one analyst told Bloomberg. The Dow...

Dow Sheds 223, Flirts With 13K
Dow Sheds 223, Flirts With 13K

Dow Sheds 223, Flirts With 13K

Retail hit hard as well

(Newser) - The Dow dove 223.55 today to 13,042.74, its lowest close in 2 months, as investors reacted to rough news about tech and retail stocks. The S&P 500 wrapped up its its worst 3-day fall since January 2003, losing 21.07 to close at 1,453.70,...

Popular Toy Recalled Over Toxic Beads

Aqua Dots, made in China, replicate date-rape drug

(Newser) - A popular arts-and-crafts toy made in China is being yanked from stores worldwide after it was found to include a chemical that replicates the effects of date-rape drugs, the Wall Street Journal reported today. At least three children were hospitalized recently in Australia after swallowing beads from the toy, sold...

Wal-Mart Era Reaching Its End
Wal-Mart Era Reaching Its End

Wal-Mart Era Reaching Its End

Brands and consumers looking beyond the big box

(Newser) - Wal-Mart may be king, but its throne is shrinking: A judge awarded $62.3 million to underpaid workers today, yet another blow to the mega-seller. Big-name brands like PepsiCo are opting for companies like Whole Foods, as rivals lure American buyers and the Internet dwarfs Wal-Mart's 142,000-item stock, reports...

Stocks Edge Up in Balancing Act
Stocks Edge Up in Balancing Act

Stocks Edge Up in Balancing Act

Retailers’ sales sink as homes out-perform expectations

(Newser) - Stocks rose slightly today as retail woes were somewhat offset by August home sales that outperformed expectations, MarketWatch reports. Led by Microsoft, which rode the release of “Halo 3” to a 1.5% jump, the Dow climbed 19.59 to 13,778.65. The S&P dipped 0.52...

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