Net shopping grows as major retailers go online
Web holiday sales are predicted to reach between 220 million and 1 billion dollars, far smaller than the 162 billion expected in total U.S. holiday spending. Traditional catalogs migrate online with Lands End Spiegel J C Penney and LL Bean among early movers, while Sears debuts Craftsman tools online joining Eddie Bauer Gap Barnes & Noble Macy’s and FAO.
MENTIONED IN THIS ARTICLE
Salvation Army
Andrew Kantor
Internet Shopper Magazine
Kantor
Ernst & Young
U.S
Middle America
Wal-Mart
Drug Emporia
Lands’ End
Spiegel
J.C. Penney
L.L. Bean
Sears
Eddie Bauer
the Gap
Barnes and Noble
Macy’s
FAO
Internet shopping safety and guide trends in 1990s retail
Analysts say big brand names ease fears of online shopping though fraud reports rise. Consumer Reports and Ernst & Young note trust issues, with many still avoiding full online buying. Security tips include guarding data, paying by credit card, and using BBB certified sites.
MENTIONED IN THIS ARTICLE
Consumer Reports
National Consumers League
Www
Fraud.org
Western Resources, China firm buy two Dengfeng plants
Western Resources of Topeka and China Power International Holding Ltd acquire two five megawatt coal plants in Dengfeng province for 28 million dollars as part of a joint venture. The deal marks a broader partnership with potential five or more plants and up to 500 million dollars in assets.
MENTIONED IN THIS ARTICLE
Topeka
Western Resources
Dengfeng
China Power International Holding Ltd
China Power Investment Corp
Ministry of Electric Power
Retailers scramble as holiday shoppers falter and markets drop
With 13 shopping days left before Christmas, retailers fear a weak finish as consumer spending stalls and big markdowns loom. Separate reports show November sales up only 0.2 percent while unemployment claims fall, hinting at stubbornly steady jobs. Wall Street declines deepen on currency turmoil, with the Dow down 129.80 points and the Nasdaq slipping 38.06. Allied Signal announces expansion at its Oak Mitsui facility in South Carolina, increasing copper foil PCB production by 16 percent in a second plant upgrade in two years.
MENTIONED IN THIS ARTICLE
Commerce Department
Sepa
Southeast Asia
Wall Street
New York Stock Exchange
Allied Signal
South Carolina
Mitsui
Lawrence
Market reports mixed with cattle hogs and metal prices
Thursday market rounds show farm elevators posting varied grain bids led by soybeans at 6.72 and wheat around 3.34 while cattle and hog markets soften with steers down two dollars and hogs weakening despite strong kill totals. Metals prices steady with copper near 85 cents and gold at 284.80 per ounce.
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St. Josep, Mo
New York
London
U.S
N.Y
Handy & Harman
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