Retail
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Shadow economy seen boosting U.S. retail sales
When Kevin Kalmes received a foreclosure notice on her home after being unemployed for more than two years, she said she started selling the contents of her basement, figuring that “I can’t fit all this stuff in a Wal-Mart shopping cart.” more
Bloomberg News | 3/25/13
Tiffany quarterly profit tops estimates amid demand in Asia
Tiffany & Co., the world’s second-largest luxury jewelry retailer, reported fourth-quarter profit that topped analysts’ estimates amid demand in Asia. more
Walgreen grows closer to supplier, falls short of profit in 2Q
Walgreen Co. has switched its primary pharmaceutical supplier, according to the Associated Press. Walgreen has signed a 10-year deal in which AmerisourceBergen will replace Cardinal Health as its primary drug supplier. more
| 3/19/13
Gasoline continues price drop in R.I., Mass.
Gasoline prices in the Ocean State fell 3 cents over the last week, bringing the decline in the last weeks to 7 cents per gallon of self-serve, unleaded regular, AAA Southern New England reported Monday. At $3.76 per gallon, the price of gas stands 1 cent below its level four weeks ago. more
| 3/18/13
Consumer comfort in U.S. improves to highest level since April
Confidence among U.S. consumers climbed for a sixth straight week to the highest level since April as a rally in stock prices and improving job market boosted Americans’ view of their finances. more
Hasbro named among ‘most ethical companies’ for 2nd consecutive year
Toy and game-maker Hasbro Inc. earned the title as one of The Ethisphere Institute’s “World’s Most Ethical Companies” for the second consecutive year, Hasbro announced Wednesday. more
| 3/13/13
Sales at U.S. retailers advance by most in 5 months
Sales at U.S. retailers rose in February by the most in five months as an improved job market and stronger household finances cushioned the effect of higher payroll taxes. more
Owner of Yankee Candle prepares to sell
The Yankee Candle Co., the largest producer of scented candles in the United States, is currently in the preliminary stages of sale by owner Madison Dearborn Partners, the Reuters News Agency reported Monday. more
| 3/12/13
U.S. takes payroll-tax increase in stride to keep spending
Consumers and businesses are treating higher payroll taxes and federal spending cuts as just a speed bump for a U.S. economy poised to accelerate later this year. more
Entrepreneur percolates local success
David Levesque has a lot for which to thank the women in his life, and he’s not shy about giving credit where credit is due. more

By Rebecca Keister
PBN Staff Writer | 3/11/13

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