Tag: economy

July 11, 2023

The National Retail Federation sees positive momentum, if some challenges, for retail sales in the second half of the year. “The first half of the year is over and the economy is still moving in the right direction,” NRF Chief […]

October 18, 2022

While the pandemic hurt many businesses, others quickly switched gears and tried new tactics to boost sales. The latest Small Business Recovery Report issued by Kabbage from American Express tracked the trends and growth outlook of U.S. small businesses and […]

April 19, 2022

It comes as no surprise that there are concerns regarding the global economy after the pandemic, its subsequent continual lockdowns, and Russia’s invasion of Ukraine. Rising inflation and policy uncertainty is also plaguing the market, in addition to pre-existing problems […]

March 10, 2022

Off-price retailers often rise above the challenges that tend to hurt most stores. For example, when the economy is weak, people shop off-price to save money; when the economy is strong people shop off-price because they have money to spend. […]

May 17, 2021

Despite the expected boost from non-essential retail and hospitality reopening, the UK is on the cusp of worrying labour shortages as a result of the pandemic and Brexit. The reopening of non-essential retail has seen footfall rise 300 per cent […]

September 29, 2020

Retailers are trying to convince clients to start their holiday shopping session earlier than usual this year by creating a new sales holiday on October 10. More than two dozen major retailers have joined forces in order to establish this […]

April 16, 2020

China could soon impose a two-and-a-half-day weekend in efforts to jumpstart its retail sector as it emerges from weeks of lockdown. Cities across the country have encouraged companies to offer workers an extra half day off so they can spend […]

November 5, 2018

While a global recession is probably still a year or two away, “there are storm clouds on the horizon,” which are starting to look more than a little threatening, says IHS Markit economists. “The good news on the trade front […]

September 24, 2018

Retailers are enjoying the fruits of a robust economy and high levels of consumer confidence, thanks in part to low unemployment and rising wages. Wages (or, from the retailer’s point of view, labor costs) have risen in many areas thanks […]

March 9, 2018

Many alarmists are ringing the bell on President Trump’s recent announcement on Trade Wars. Some speculate that it will severely hurt our economy and therefore our supply chain and some think it won’t. It’s time to face the truth – […]

November 28, 2016

Earlier this year, the Obama administration and Department of Labor passed a groundbreaking update to the national overtime rule. The new regulation, scheduled to take effect on December 1st would raise the salary threshold for overtime pay from $23,660 to […]

February 18, 2016

A drugstore chain leads the annual ranking of the top 10 most innovative companies in retail by consumer publication Fast Company. (For the first time, Fast Company enlisted machine intelligence to help inform the list: Quid, a San Francisco-based startup, […]