Craig Johnson

U.S. shoppers spent 2.4 percent more during the weekend before the Christmas holiday this year, giving a boost to retailers in the final days of 2014. Purchases during the so-called Super Saturday weekend rose to $42 billion, up from $41 billion during the same weekend a year ago, said Craig Johnson, president of Customer Growth Partners, a research firm. The performance on the Saturday before Christmas, one of the busiest shopping days of the year, indicates that this holiday season may fall short of early estimates that it would be the best in three years. 

Thanksgiving could turn into a full shopping day this year, industry consultants say, as retailers debate moving up their openings and doorbuster events. While retailers aren't expected to announce any special Thanksgiving hours until the second half of October or into November, "it's inevitable to see them open all day or even earlier than last year," said Joel Bines, managing director and co-leader of consulting firm AlixPartners’ retail practice, in an interview.

Harry & David has named Craig Johnson as its CEO. The company exited Chapter 11 bankruptcy protection last month. "With its successful restructuring now complete, improved capital structure in place and an outstanding harvest and holiday gift selection, the company is poised for a successful holiday season," Johnson said in a statement.

Medford, Ore. -- Harry & David Holdings has named Craig Johnson as its CEO. Johnson most recently served as chief supply chain officer of Guitar Center. Prior to that, he was CEO of Musician's Friend, a Guitar Center subsidiary. He has also held positions at Oriental Trading Co., Golfsmith International Holdings, and Coldwater Creek. The company exited Ch. 11 bankruptcy protection last month. "With its successful restructuring now complete, improved capital structure in place and an outstanding harvest and holiday gift selection, the company is poised for a successful holiday season," Johnson said in a statement.

American Apparel said it may seek bankruptcy protection after slumping sales and productivity ate into its cash. “We are currently experiencing significant liquidity constraints,” the company said.