Increased OTC usage linked to getting older
One-in-5 respondents expect any increase in OTC usage will be related to aging, according to an online survey of more than 900 AccentHealth viewers conducted in September. However, consumers younger than 55 years were the drivers behind increased OTC usage through 2012.
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Source: AccentHealth. To view the demographic breakdown of participants, click here.
Sears Holdings appoints New York Mets executive to board of directors
HOFFMAN ESTATES, Ill. — The parent company of Sears and Kmart has elected an executive from the New York Mets to its board of directors.
Sears Holdings announced the appointment of Mets VP player development and amateur scouting Paul DePodesta. His election to the board brings the total number of board members to eight.
"We are pleased to add the strong analytical skills and talent assessment acumen of Paul DePodesta to our board of directors," Sears Holdings chairman Edward Lampert said. "As Sears Holdings continues the work of transforming and strengthening our company, we look forward to his leadership and contributions. Mr. DePodesta’s ability to scrutinize data and use it to assess tamest and drive execution makes him ideally suited to join our board."
Though DePodesta’s background is in baseball recruitment, the company said his "unique approach" to assembling teams has "transformed how teams evaluate, measure and value talent." He previously was EVP of the San Diego Padres and EVP and general manager of the Los Angeles Dodgers, following executive positions with the Oakland Athletics and Cleveland Indians.
Post-Sandy retail spending boost slowed down, report shows
PURCHASE, N.Y. — A slowdown in retail spending happened after a boost that followed Hurricane Sandy, according to a new report by a division of MasterCard.
MasterCard Advisors released its SpendingPulse report, finding that a three-week recovery in retail spending after Sandy began to slow during the week that ended Dec. 8, while some sectors, like specialty apparel, slipped into negative growth.
"Given the season’s modest start, the numbers we’re seeing so far are highlighting the importance of the last two weeks of the season," MasterCard SpendingPulse global solutions leader Michael McNamara said. "After a brief recovery in growth rates after Sandy, holiday sector sales growth has again subsided."
McNamara added that last year’s Super Saturday fell on Christmas Eve, pressuring retail sales that came out to $12 billion, but sales should be more than $18 billion this year and "could rival Black Friday sales."
At the same time, this year’s Black Friday saw a 4.9% decline in retail spending, to $18.9 billion, though the four days of Thanksgiving weekend saw sales of $50.2 billion, a 2.9% increase over last year’s $48.8 billion. The last 10 days before Christmas last year saw $147 billion in retail sales, and the report found that retailers looking for a positive season this year will find the 10-day period even more important due to weather and calendar shifts.