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Retail sales, import prices surge

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Retail sales in May rose at the strongest pace since January 2006, while import prices surged, adding to recent data suggesting the U.S. economy is recovering strongly from a first-quarter slowdown.
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Retail sales jump 1.4 pct in May

Sales by retailers rebounded by a stronger-than-expected 1.4 percent in May as consumers shrugged off higher gasoline prices and increased spending on cars, clothing and building materials, a Commerce Department report showed on Wednesday.
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U.S Online Apparel Spending Grows 32 Percent

U.S. online apparel spending grew over 32 percent in the third quarter compared to a year ago. Specialty retailers accounted for the largest share of sales, according to new research.
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Online Retail Traffic Up as Amazon.com Leads Market

Online retail traffic is up 6.2 percent for the two weeks ending November 11, compared to the same period in 2005, with popular online shopping site Amazon.com attracting the largest number of website hits, according to a new report released on Tuesday.
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Calvin Klein to retail in India

Calvin Klein (CKI), a wholly owned subsidiary of Phillips-Van Heusen, has announced an exclusive distribution agreement and retail store license for India with Murjani India.
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Holidays Shine Light On Struggling U.S. Retailers

Changes could be coming for retailers like Gap Inc. and Pier 1 Imports Inc. that have struggled with falling same-store sales, while other retailers, like jeweler Zale Corp. will be watched to see if they can rebound from missteps during last year's holidays.
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Cyworld Signs Hollywood Agent to Recruit Partners

Korean social networking Cyworld's recently launched U.S. unit said on Thursday it signed with a Hollywood talent agency to help it win licensing deals with media properties that appeal to young Web users.
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NAB retail set to work in smaller spaces

National Australia Bank's (NAB) head of retail operations says the bank is considering setting up shop in smaller retail outlets as it looks to diversify its customer facing channels.
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HK still preferred base for global companies

Hong Kong continues to be the preferred base for international companies to oversee their regional operations, a Census & Statistics Department survey suggests. The number of regional operations and local offices in Hong Kong operated by overseas and Mainland companies reached its highest-ever level this year, topping 6,350.
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MFI sells loss making retail arm

MFI Furniture Group has agreed to sell its loss making retail operations to private equity group Merchant Equity Partners (MEP) for a nominal 1 pound
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GUS reports mixed as split nears

GUS, set to split into two FTSE 100 companies next month, reported a slight slowdown in growth at its credit information business
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Home shopping boosts retail sales

Strong sales of household goods and a penchant for home shopping helped retail sales rebound in August, suggesting last month's interest rate rise did not deter shoppers.
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'Xoomers,' the new 'Boomers' in Consumer Spending

A recent survey on consumer trends shows that male shoppers between the ages of 25-39, who are identified as the “Xoomer” generation, are creating a significant impact on the retail market place.

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