Raw materials costs are cited as one factor affecting the rise, which may impact retailers’ efforts to boost product prices.
Signs continue to appear that consumers are getting more comfortable with the idea of spending more, fueling economic growth.
Now that economic conditions appear to have stabilized, more retailers are planning store expansions and increased initiatives to monitor and serve their customers, as they focus on improving growth in 2011. Two recent reports show that in addition to keeping costs low, the new top priorities for retailers in the months ahead are increasing their […]
Analysts say the economy is poised for a big comeback this year, led largely by growing consumer and business spending.
There’s more good news out of Washington, as reports indicate consumer spending was strong in December and for all of last year.
Indications out of Washington are that retailers and their customers are helping the nation pull itself out of our economic doldrums.
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 […]