Daily Digest

23 September, 2008 by Robert Cordero

BoF Daily Digest | US sales slowdown, Nike buys back stocks, Wall Street pain, Bloomies in Dubai

2008_0305_target

Sales growth set to slow at US stores (FT)
American retailers will experience their "slowest holiday sales growth this year since 2002."

Nike Sets Stock Buyback (DNR)
Nike continues its stock buyback program with a four year initiative worth $5 billion.

Wall Street pain expected to spread uptown to luxury retailers (National Post)
"Troubles on Wall Street may spread uptown to Fifth and Madison Avenues as the important holiday season nears," reports the National Post.

Bloomingdale’s to Open Dubai Store (DNR)
Bloomingdale’s is expanding to the Middle East.

Target store, the quintessential American retailer, photo courtesy of DCist.com.

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