Retail roundup: November sales results, daily deals websites, American Apparel and more
-- More good news for retailers: Consumers spent heavily in November, leading to a 6% surge that surprised analysts and was the best start to the holiday season in three years.
-- Amid talk that Google is making a bid for daily deals website Groupon, Amazon confirmed that it had taken a stake in LivingSocial, arguably Groupon's biggest competitor. Meanwhile Ebay announced that it was buying Milo, a local shopping engine that lets consumers shop for products available at stores near them.
-- American Apparel founder Dov Charney continues his recent buying spree of his company's stock. A regulatory filing on Thursday showed that the outspoken chief executive had purchased 1,129,576 shares of common stock at $1.48 per share.
-- Holiday promotions aren't just for retailers. Malls, too, are stepping up their efforts this year. South Coast Plaza is giving away a complimentary Tiffany & Co. crystal vase to all shoppers who spend more than $850 in one day from through Dec. 9. Over at Ontario Mills, the shopping center will debut "Red Hot Holidays, a pop culture holiday glam fashion extravaganza," from Dec. 9-12. The event will feature a holiday fashion show and other and pop star-themed fashion displays such as, "It's Beginning to Look a Lot Like Gaga."
-- Andrea Chang