Bloomingdale's is attaching chunky plastic tags to some dresses to fight "wardrobing"--the practice of wearing an item once and then returning it.» Read More
Taking a cue from the recent flood of pop-up stores, discount retailer Target is opening three temporary Target To-Go locations this holiday, catering to busy city-dwellers shopping on a budget.
Is holiday shopping bringing you down? Are you sifting through countless gift ideas trying to find something unique for the person who has everything?
We've all been there, you're unwrapping your presents on a perfect Christmas morning and there it is: the dreaded reindeer sweater from your Great Aunt Mildred.
Most people would just stick it in the back of the closet and forget all about it, but that bad sweater could be at the center of what one man is calling an "orgy of wealth destruction."
Joel Waldfogel, author of Scroogenomics, thinks bad gift giving is the scourge of the holiday season and is cheating consumers out of $25 billion worth of satisfaction.
With sales of more discretionary items such as accessories and jewelry picking up, Bloomingdale's CEO Michael Gould is hopeful that it will be a "very good December."
Sales were robust on Cyber Monday, as retailers dangled free shipping and other offers in front of bargain-hungry consumers.
It wouldn’t have taken a crystal ball last year to predict that consumer spending would be under intense pressure in 2009. But as we look to 2010, there are some conflicting signals about how the coming year will shape up.
It looks like the holidays will be happy at Blue Nile.
In an interview on CNBC, Blue Nile President and CEO Diane Irvine said the online jewlery retailer is having its "best post-Thanksgiving ever."
"Today looks to be our best Cyber Monday ever," Irvine said. "So we're setting records all of the days of the weekend. We've exceeded our expectations, and I think what you're seeing is that consumers are coming online and seeing the convenience and the value."
(To hear the full interview with Blue Nile CEO Diane Irvine, click here.)
In the days following Thanksgiving, Blue Nile saw an increase in transactions valued at more than $20,000, Irvine said. She added that the biggest single transaction was the purchase of a 5-carat diamond for just under $100,000.
Is Cyber Monday the last vestige of dotcom hype?
The cost of buying the items from the classic "12 Days of Christmas" song increased by its smallest percentage in seven years in 2009, despite sharp rises in the price of gold and a minimum wage hike for the Eight Maids-a-Milking, according to PNC Bank's annual Christmas Price Index.
Christina Cheddar Berk is editor of CNBC.com's Consumer Nation and chief trend spotter.
Courtney Reagan is CNBC's Retail Reporter.
Tom is a Senior Editor and Assignment Desk Manager for CNBC TV. He also writes about the business of beer for CNBC.com.
Stephanie Landsman is one of the producers of "Fast Money."
Coordinating Producer, Squawk on the Street & Squawk Alley
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