Retail Sales Seen Leveling Off as Record Holiday Season Ended

Retail Sales Seen Leveling Off as Record Holiday Season Ended

This post was originally published on this siteMany U.S. shoppers heeded warnings about shipping delays, pushing a large share of the period’s usual gains to earlier in the year.

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Consumer prices up 5.7 percent over past year, fastest in 39 years

Consumer prices up 5.7 percent over past year, fastest in 39 years

This post was originally published on this siteWASHINGTON (AP) — U.S. consumer prices rose 5.7 percent over the past year, the fastest pace in 39 years, as a surge in inflation confronts Americans with the holiday shopping season under way.The November increase, reported Thursday by the…

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Retail sales growth slowed in November

Retail sales growth slowed in November

This post was originally published on this siteRetail sales rose slower than economists had expected in November following three straight months of sharp increases, according to data released Wednesday by the Census Bureau.U.S. retailers and restaurants made $639.8 billion in sales last month,…

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Holiday Spending Looks Strong Despite Price Rises

Holiday Spending Looks Strong Despite Price Rises

This post was originally published on this siteThe holiday shopping season is likely off to a strong start, with consumers showing robust demand for gifts, dinners out and other products even amid the highest inflation in decades.

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Christmas shipping deadlines: The last day to send gifts with FedEx, UPS and USPS

Christmas shipping deadlines: The last day to send gifts with FedEx, UPS and USPS

This post was originally published on this siteWhat is the last day for UPS ground shipping by Christmas? It varies but FedEx and USPS say Wednesday is the ground cutoff for sending holiday gifts.     

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Biden: ‘We’re heading into a holiday season in very strong shape’

Biden: ‘We’re heading into a holiday season in very strong shape’

This post was originally published on this sitePresident Biden on Wednesday said that the U.S. economy is heading into the holiday season in strong shape, touting his administration’s work to address the supply chain crisis.“We’re heading into a holiday season in very strong shape. It’s not…

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Amazon Expands Delivery Network to Handle Holiday Crunch

Amazon Expands Delivery Network to Handle Holiday Crunch

This post was originally published on this siteAmazon has blanketed the country with more than 450 new facilities used to store, sort and ship items, doubling down on a logistics empire that aims to deliver items in one day or less, and increasingly without the help of third-party shippers.

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US retailers cheery about holiday season despite inflation

US retailers cheery about holiday season despite inflation

This post was originally published on this site After nearly two years of pandemic gloom, American consumers appear primed to spend generously for the holidays in spite of worries over inflation and item availability. Retailers have seen strong buying interest this fall, with robust “back to school” and Halloween sales...

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Holiday season poses major test for Biden economy

Holiday season poses major test for Biden economy

This post was originally published on this siteBlack Friday this week will kick off a crucial stretch for President Biden as the U.S. economy struggles to shake off the limits of the coronavirus pandemic.COVID-19 stifled the regular economic boost of the holiday season in 2020, but retailers and…

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