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NRF Forecasts Modest Sales Gains This Holiday Season

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NRF Forecasts Modest Sales Gains This Holiday Season

Sales in November and December are expected to increase 3.9% to $602.1 billion, according to the National Retail Federation. The forecast is over 2012’s actual 3.5% holiday season sales growth and higher than the 10-year average holiday-sales growth of 3.3%.

“Our forecast is a realistic look at where we are right now in this economy—balancing continued uncertainty in Washington and an economy that has been teetering on incremental growth for years,” says NRF president and CEO Matthew Shay.

Revlon Names David L. Kennedy Interim CEO

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Revlon Names David L. Kennedy Interim CEO

Revlon's board of directors has elected David L. Kennedy as vice chairman and interim CEO, the company announced Oct. 2. He succeeds Alan Ennis, who has left the company to pursue other interests.

Mompreneur Launches BoxSox Spandex Reusable Gift Wrap

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Mompreneur Launches BoxSox Spandex Reusable Gift Wrap

A gift-wrapping session on Christmas Eve inspired “mompreneur” Whitney Cochran to launch BoxSox, a single package that provides all of the materials needed for gift wrapping—Spandex wrapping paper, a gift box, tissue paper, ribbons and a card. The Spandex wrapping paper gives the product a unique reusability and an environmentally-friendly signature.

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