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Market Watch
Aug 28 - Sep 21, 2006
H&M Arrives in Kuwait
NEW YORK, Sep 21, 2006/ FW/ ---Yesterday evening the first H&M store opened in Marina Mall, Kuwait
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Fueled By Back-to-School and Summer Sales, August Retail Sales Show Strong Gains
WASHINGTON, DC, Sep 14, 2006/ --- Summer vacations, back-to-school shopping and end of season clearance promotions motivated consumers to hit the stores this past month. According to the National Retail Federation (NRF), retail industry sales for August (which exclude automobiles, gas stations, and restaurants) rose 6.5 percent over last year and increased 0.3 percent seasonally adjusted over July.
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Cosmetics and Toiletries Industry Riding Five Year High, Says Kline & Company
LITTLE FALLS, N.J., Aug 30, 2006/ FW/ --- Last year the U.S. cosmetics and toiletries industry experienced the highest level of growth in five years, indicating renewed vigor in an industry that had been lagging since 2001.
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London Fog® Is Now Part of the Iconix Stable
NEW YORK, Aug 29, 2006/ FW/ --- As previously announced, Iconix was planning on purchasing the London Fog® brand from the London Fog Group Inc. Today, Iconix confirmed that it has closed the acquisition of the label.
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Consumer Confidence Drops Sharply In August, Says the Conference Board
DALLAS, Aug 29, 2006/ FW/ --- After a modest improvement in July, the Conference Board Consumer Confidence Index posted a sharp decline in August, down 7.4 points from last month’s 107.0 to the current month’s 99.6.
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