Richard Feinberg

A merger between Indianapolis-based Anthem and fellow health insurance giant Cigna is officially dead – and Anthem says it won’t pay Cigna a break-up fee.

Anthem killed the $54 billion deal Friday after a failed bid to keep Delaware-based Cigna at the bargaining table.

The Indiana-based Marsh grocery store chain filed for bankruptcy Thursday, triggering a process where it could be bought out, preserve more profitable locations, or close entirely.

The 44 remaining Marsh stores in Indiana and Ohio could close in 60 days if the company can’t find a solution. Marsh already closed 21 other low-earning locations and sold its pharmacy business this year.

Purdue Analyst: 2015 Holiday Sales Top Last Year's

Dec 29, 2015
Eric M. Martin / https://www.flickr.com/photos/ericmmartin/

The crucial after-Christmas sales period is in full swing, and one Purdue retail expert says 2015 holiday sales should top last year’s by anywhere from 3 to 7 percent.

Retail analyst Richard Feinberg notes this year, lots of that shopping is driven by gift cards, the season’s most popular holiday gift item. He says for retailers, the cards are the gift that keeps on giving:

“Gift cards are not usually redeemed until after Christmas,” he says. “If the individual goes in with a $100 gift card, they’ll spend about $120, $125 dollars.”

Cyber Monday Shopping Expected To Be Up This Year

Dec 1, 2014
Tim Reckmann / https://www.flickr.com/photos/foto_db/

More consumers are expected to use online shopping to find bargains this holiday season.

Today is Cyber Monday, which has been the busiest day for online shopping since its inception five years ago.

But, Purdue University Retail Expert Dr. Richard Feinberg Feinberg said most shoppers use the Internet to comparison shop than to actually buy.

And Feinberg says he doesn‘t think online shopping will ever overtake actual shopping at the store.

Purdue Expert Predicts Improved Holiday Sales

Oct 15, 2014
Kevin Lau / https://www.flickr.com/photos/mischiru/

It‘s only the middle of October, but stores are already thinking about how much they‘d like to sell over the coming holiday season.

Purdue expert calls CVS decision a "bold move"

Feb 6, 2014

A Purdue retail analyst says CVS has made a bold move with plans to get out of the tobacco business.

CVS says it plans to stop selling cigarettes and tobacco products in its stores by October 1st.

Dr. Richard Feinberg says the pharmacy giant‘s decision is in keeping with current anti-smoking cultural values.

However, he says the move will certainly result in lost revenue which CVS will have to replace.

Feinberg says it‘s too early to say whether other pharmacy chains will follow suit.

2013 holiday retail sales outlook

Oct 3, 2013

A Purdue expert says holiday sales this year likely will be flat. Consumer Science Professor Richard Feinberg says several indicators point to the lackluster outlook.

He's forecasting overall retail sales will be 0-2% lower than last year.

"At the overly optimistic end, I might see an 0-2% overall increase," Feinberg says. "Last year, $590 billion was spent during the holiday retail season."

2012 holiday shopping outlook

Nov 18, 2012

A Purdue expert says you don’t have to wait for Black Friday to get a good deal on your holiday shopping.

Richard Feinberg, professor of Consumer Science and Retailing, says there already are sales online comparable to what you’ll see the day after Thanksgiving.