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July retail sales see boost

BY Allison Cerra

WASHINGTON — U.S. retail sales experienced a small gain during the hottest month of the year, the Census Bureau reported.

The Census Bureau announced that advance estimates of U.S. retail and food services sales for July, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $403.9 billion, an increase of 0.8% from the previous month and 4.1% above July 2011. Retail trade sales were up 0.8% from June and 3.7% above last year.

July marked the first gain the industry had in four months. The bigger-than-expected increase followed a 0.7% decline in June that was weaker than first reported.

Looking across retail categories, adjusted sales at grocery stores during the month rose about 0.4% to $47.3 billion. Health and personal care stores increase more than 1% to nearly $22.8 billion. Retail sales for drug stores and pharmacies were not recorded; however, sales experienced a decline from May to June (to $18.7 billion). General merchandise stores’ sales rose 0.7% seasonally-adjusted month-to-month yet decreased 1.4% unadjusted year-over-year.

Commenting on the results, the National Retail Federation said the sales increase "demonstrates a confident yet cautious consumer."

"Halfway through the back-to-school season retailers are seeing positive signs that consumers are spending," NRF president and CEO Matthew Shay said. "However, sustained retail growth hinges on Congress’ and the administration’s ability to make smart decisions about the economy and Americans’ confidence in our long-term recovery."

NRF chief economist Jack Kleinhenz added, "Despite high unemployment, and political and fiscal uncertainty, consumers are spending again, albeit cautiously. Retail sales continue to remain resilient in the face of bleak international news, with retailers on track with sustained sales growth year-over-year and year to date. Retail sales will continue to see modest growth in the fall and winter."

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ManmohanManu says:
Aug-15-2012 07:58 am

Informative article. I work for McGladrey and there's a white paper on Retail on the website ( http://bit.ly/JDHmUU ) that describes current trends in US retail sector with insights from industry experts.

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NuSirt Sciences debuts NuShape, NuControl

BY Michael Johnsen

KNOXVILLE, Tenn. — NuSirt Sciences last week released a weight management product called NuShape and a product for healthy blood sugar called NuControl.

NuShape is an all-natural weight management product taken in pill form. When taken twice a day, it burns up to 300 calories a day by increasing fat oxidation, the company said. Clinical randomized studies show that when combined with modest caloric restriction (exercise or diet), participants nearly doubled both fat loss and weight loss over a three-month period. For a six-month period, they maintained 60% to 70% of weight loss or fat loss. The product also was shown to help participants retain lean muscle mass, which is typically lost during dieting. Results of the study can be found in the publication Nutrients.

"Let’s be clear; this is not magic," NuSirt Sciences founder Michael Zemel said. "Instead, this is a product that will work with you. We ask that you add about 15 minutes a day of moderate physical exercise over and above what you already do. That should burn about 100 calories. With NuShape, you will burn an extra 400 calories a day."

Zemel also stressed that customers who take more than two pills a day will only be wasting money — not burning more calories.

NuShape consists of the amino acid leucine, found in such foods as fish, soybeans, beef and lentils, and vitamin B6, found in such foods as bread, meat, poultry, eggs and bananas. The vitamin inhibits fat storage. When combined with leucine, it stimulates fat oxidation in the muscle. The specific ratio of the two allows for fat to be transferred to the muscle to be burned.

The second supplement, NuControl, helps promote healthy blood-sugar levels. It works by converging on the same metabolic pathway as the anti-aging nutrient resveratrol. "Insulin is, of course, a very important hormone, but you would like to operate at low levels of insulin," said Zemel. "As you gain weight, you become less insulin sensitive, and it takes more insulin to produce normal blood sugar control. NuControl helps address this issue by promoting the body’s natural ability to metabolize sugar more effectively. In fact, initial in vivo research showed the NuControl blend of leucine and resveratrol improved insulin sensitivity levels in mice by 40% to 50%."

A video about the products can be viewed by visiting here.


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Mylan launches free EpiPen program

BY Alaric DeArment

BASKING RIDGE, N.J. — Drug maker Mylan will pass out free EpiPen injectors to children in schools, the company said Tuesday.

Mylan Specialty, the Mylan unit that makes the EpiPen (epinephrine), announced the launch of the EpiPen4Schools program. The program offers four free EpiPen or EpiPen Jr. injectors to public and private school students in kindergarten, elementary, middle and high school, who have valid prescriptions.

The program is designed to help schools improve access to epinephrine in the event that a person experiences a serious allergic reaction at school.

"Anaphylaxis is a public health problem and a major safety issue in our nation’s schools," Mylan CEO Heather Bresch said. "The EpiPen4Schools program underscores Mylan Specialty’s commitment to helping schools become more aware of the risks of anaphylaxis and become better prepared to respond during an emergency."


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