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Nike sells off its high-end shoe line and a warning this holiday season as identity thieves target holiday shoppers. Here's Friday’s Bloomberg After The Bell Report from the New York Stock Exchange.
With the holiday shopping season upon us new data shows half of adults say they are likely to make a small luxury purchase in the next six months. According to the Accenture survey, of the products shoppers said they're considering buying, respondents were split between specialty food or drinks and personal care products or luxury clothing.
Speaking of fashion, Nike, the world's largest athletic shoe maker, is selling its Cole Haan fashion brand to a private equity firm for $570 million. News of the sale pushed Nike shares higher. Stocks managed to erase some of the week's losses Friday, thanks to progress on fiscal cliff negotiations.
The big holiday shopping season gives thieves an ideal opportunity. The Hanover Insurance Group says ID theft is the fastest growing crime in the country, costing victims an average of $3,500.
To protect yourself, put credit card receipts in your wallet instead of in your shopping bag where they are more likely to fall out and make sure to use a secure Internet connection if you're shopping online.