While consumer spending is still sluggish, the forecast for the U.S. economy is favorable and a double-dip recession is unlikely. That’s the word from a senior economist at Huntington Bank, who also sees good news ahead for U.S. businesses. “Corporate profits are close to achieving a new U.S. record high, with strong growth in both […]
The availability of retail space will shrink next year as consumer spending begins to rise, a commercial broker group reports. According to CB Richard Ellis Group, retail space ready for active marketing in 2011 will fall to 12.8%, from this year’s peak of 13.2%, a Bloomberg report says. That follows on word from the Commerce […]
A Value-Added Tax being mulled in Washington has retailers worried. A survey says shoppers will cut spending if it’s enacted.
More shoppers are using layaway to make purchases, according to a survey conducted by Sears Holdings. Of consumers surveyed, 73 percent said that, “They believe using layaway more often is a smart financial solution that can help them better manage their spending.” Susan Ehrlich, president of financial services at Sears Holdings, was more specific. “Kmart’s […]
Many consumers are again opting to save time in lieu of money, according to, “The Checkout,” a new study from marketing firms, The Integer Group and M/A/R/C. The research found that by mid year, 28 percent of shoppers describe themselves as, “preferring to spend more if it saves them time.” This compares with just 23 […]