Clothing, Footwear, and Accessories retail sales growth softened in March'25 vs Jan'25 and Feb'25, says a new report by CNBC/NRF Retail Monitor. Carol VencilApril 23, 2025
The US economy added 143,000 jobs in January, fewer than expected, and unemployment rate around 4%.The Bank of England cut its benchmark interest rate by 25 bps, as British economy weakens. Carol VencilFebruary 11, 20252025
Gift cards, apparel, accessories, and jewelry will be the most popular gift categories in 2024, predicts the ICSC Holiday Intentions Survey. Carol VencilNovember 25, 20242024
The U.S. inflation rate rose 2.6% in Oct’24, reported the U.S. Department of Labor, up from 2.4% growth in Sept’24. Carol VencilNovember 18, 20242024
U.S. GDP rose 2.8% in the third quarter, continuing a two-year growth streak but down from the 3.0% economists predicted; recent increases were driven by consumer spending. Carol VencilNovember 7, 20242024
The US M&A landscape will strengthen over the next 12 months, says 20% of respondents to a new Dykema survey, Carol VencilOctober 29, 20242024
Holiday season consumer spending is expected to grow between 2.5% - 3.5% vs last year, predicts the National Retail Federation, with growth primarily driven by increases in online shopping. Carol VencilOctober 23, 20242024
The consumer-price index rose 2.4% in Sept’24 vs last year (above the 2.3% rise economists expected), reported the U.S. Department of Labor, after rising 2.5% in August. Carol VencilOctober 14, 20242024
The International Longshoremen’s Association, employees for East Coast and Gulf Coast ports, suspended their strike after they went on strike on Tuesday, Carol VencilOctober 7, 20242024
U.S. consumers are expected to spend a record $240.8 billion online this holiday shopping season, per the Adobe online holiday shopping forecast. Carol VencilOctober 4, 20242024
The Federal Reserve reduced the target federal funds rate by 50 bps to 4.9% in the first rate cut since 2020. Carol VencilSeptember 23, 2024
The Consumer Price Index slowed to 2.5% in Aug’24, Commerce Department. Carol VencilSeptember 23, 2024
US job growth rebounded in August with 142k jobs added per Labor Department; unlocking lowered to 4.2%. Carol VencilSeptember 9, 20242024
Jerome Powell signaled that the U.S. Federal Reserve plans to cut interest rates later this year. Carol VencilSeptember 3, 20242024
Consumer confidence dropped slightly from June to July per Numerator’s Consumer Sentiment Tracker. Carol VencilAugust 27, 20242024
January prices rose 3.1% in Jan’23 vs Jan’22 but still “a considerable distance” from Fed’s 2.0% target.The US Labor market added 275,000 jobs in Feb’23, beating expectations. Carol VencilMarch 14, 20242024
78% of consumers are willing to pay more for brands, an increase of 8% over LY per Marigolds 2024 US Consumer Trends Index. Carol VencilMarch 5, 20242024
Chinese banks lowered their key rates in effort to improve economy. Carol VencilFebruary 27, 20242024
2024 will be a mixed year for the athletics sector, reports the World Federation of the Sporting Goods Industry (WFSGI) and McKinsey & Company Carol VencilFebruary 12, 20242024
