Apple has named John Browett, chief executive of Dixons Retail, as its top retail executive, charged with developing the sales strategy for the company as it expands Apple stores around the world.
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Apple Names European Executive to Head Retail Operations
The price of crude oil and growing tensions with Iran are bubbling to the top of economists’ and policymakers’ worry lists for 2012, as U.S. and European Union sanctions threaten to reduce the sales of Iranian oil and put pressure on one of the world’s largest petroleum exporters. mufsons@washpost.com Read full article > >
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Oil prices, Iran are increasingly sources of concern
December sales were largely from big markdowns, and retailers including Target, Kohl’s and J.C. Penney lowered their fourth-quarter profit expectations.
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Retailers Post Sales Gains, but Discounts Hurt
LOS ANGELES — U.S. album sales rose more than 3 percent last year for the first gain since 2004 — a sign that rising digital sales are finally stemming the decade-long decline of compact discs. The uptick to 458 million album sales was helped by the hugely popular sophomore album “21” from British singer Adele, which sold 5.8 million, according to Nielsen SoundScan. Huge interest in Adele also led to the sales of 856,000 copies of “19,” her debut album from 2008. Read full article > >
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US album sales rise for first time since 2004; Adele’s ‘21’ helps power industry higher
Although retail sales have remained relatively strong, high levels of consumer debt make it unlikely that rapid growth will help power economic expansion.
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For 2012, Signs Point to Little Gain in Consumer Spending
As more readers switch to e-books, publishers are releasing print books with design elements emphasizing the physical beauty of the old-fashioned hard copy.
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Publishers Gild Books With ‘Special Effects’ to Compete With E-Books
Aggressive promotions by online merchants are creating a frenzy among traditional retailers, who count the Friday after Thanksgiving as the busiest shopping day of the year.
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Mobile Deals Aimed at Black Friday Shoppers Stuck in Line
October retail sales exceeded analysts expectations, as affluent shoppers looked to the stock market and poor ones watched gas prices.
The White House figures that selling spare land, buildings and airwaves could raise up to $22 billion over the next decade.
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Washington Considers Sale of Spare Properties to Raise Revenue
A German court has upheld a ban on the sales of Samsung’s Galaxy Tab saying it did infringe Apple patents.
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German court upholds Samsung ban
Iqbal Unus delayed the start of his open house by an hour, hoping more candidates would show up to hear about the country’s first accredited training program for Muslim clergy. But by 7:30 p.m., just three new people were picking at plates of chicken and rice in the library of the International Institute of Islamic Thought in Northern Virginia. If Unus, 67, was discouraged, he didn’t show it. Instead, he launched into his sales pitch for replacing imported imams with American-trained spiritual leaders. Read full article > >
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A founding father of American Islam struggles to put raids behind him
Computer makers are expected to ship only about 4 percent more PCs this year than last year, while tablets are flying off store shelves.
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As PCs Wane, Companies Look to Tablets
Some of the powerful executives who advised President Obama on Monday about how to solve the unemployment problem in the United States are themselves focused overseas for growth. Five of the biggest companies on Obama’s jobs council, General Electric, Citigroup, Intel, Procter & Gamble and DuPont, rely on foreign revenues for a majority of their sales — a shift that’s occurred just in the past several years for most of these firms. As other countries’ economies recover more quickly, these corporations have taken advantage. Earnings at GE were up 77 percent in the latest quarter. Intel is enjoying record profits. Read full article > >
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Good for Obama’s jobs council, good for America?
The downward spiral of the housing market, which experts expect will continue, has not only lowered home ownership, but tarnished a piece of the American dream.
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Housing Index Is Expected to Show a New Low in Prices
A 1 percent decline left prices barely above the recession lows, indicating a still weak market.
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U.S. Housing Prices Fell Again in January
US album sales rise for first time since 2004; Adele’s ‘21’ helps power industry higher
Thursday, January 5th, 2012Publishers Gild Books With ‘Special Effects’ to Compete With E-Books
Sunday, December 4th, 2011Washington Considers Sale of Spare Properties to Raise Revenue
Friday, September 30th, 2011A founding father of American Islam struggles to put raids behind him
Monday, August 22nd, 2011
