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Holiday Season

BUSINESS
October 25, 2013 | By Ricardo Lopez
UPS expects to move more than 34 million shipments on its peak shipping day this year -- up about 21% from the same period last year. To handle the increased workload, United Parcel Service announced it will hire 55,000 seasonal workers this holiday season. The company will be hiring drivers, package sorters, loaders and other positions, UPS said Friday.  Overall, shipping volume is expected to grow 8% this year, the Atlanta-based company said.  QUIZ: How well do you know California's economy?
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BUSINESS
October 23, 2013 | By Ricardo Lopez
FedEx Corp. said Wednesday it expects the busiest Cyber Monday shipping week in its history this year as more consumers turn to shopping online for the holiday season. The company said it expects to move more than 22 million shipments on Cyber Monday, which falls on Dec. 2. That's an 11% increase over last year's Cyber Monday, the marketing term for the Monday after Thanksgiving, when online retailers offer holiday shoppers steep discounts. FedEx also projects it will handle more than 85 million shipments between Dec. 1 and Dec. 7, its busiest week of the year.
BUSINESS
October 17, 2013 | By Ricardo Lopez
The first government shutdown in nearly 20 years ended late Wednesday after Congress agreed on a deal to fund the government through Jan. 15. and raise the nation's debt limit through Feb. 7. The 16-day ordeal took a toll on the national economy, economists said.  Here's a by-the-numbers breakdown of the effects: $24 billion: That's the overall impact to the U.S. economy, according to an estimate by Standard & Poor's.  2.4%: ...
BUSINESS
October 16, 2013 | By Tiffany Hsu
Add another potential casualty of Washington's gridlock: the holiday shopping season. The congressional stalemate that brought about a partial government shutdown has rattled Americans already spooked by years of economic weakness. And the uncertainty could stretch into 2014, with debate continuing over the federal budget and debt limit. The shaky consumer confidence is pummeling sales forecasts for the holiday season, a crucial period that can account for up to 40% of a retailer's annual revenue.
BUSINESS
October 14, 2013 | By Tiffany Hsu
Remember when, on Black Friday, stores would actually wait to open their doors on Friday? This year, Macy's will continue the shift away from that tradition when most of its stores open their doors at 8 p.m. Thanksgiving Day. The department store chain was careful to say in a statement that its door-buster deals would become available “after families across the country have finished their holiday meals and celebrations.” But if bargain hunters...
BUSINESS
October 2, 2013 | By Tiffany Hsu
Holiday sales this year will be so-so at best, with fiscal concerns and the stalemate in Washington weighing down more promising economic signs, according to the retail industry's top trade group. Sales in November and December, which include the shopping Super Bowls of Black Friday and the run-up to Christmas, will tick up 3.9% to $602.1 billion, according to the National Retail Federation's forecast. Last year, sales rose 3.5%. The average increase over the last decade is 3.3%.
BUSINESS
October 2, 2013 | By Tiffany Hsu
Holiday sales this season will be resoundingly so-so, buoyed by promising economic signs while being stifled by the stalemate in Washington, according to the retail industry's top trade group. Sales in November and December, which include the shopping Super Bowls of Black Friday and Christmas, will tick up 3.9% to $602.1 billion in the U.S., according to the National Retail Federation's forecast. Last year, sales rose 3.5%. The average increase over the past decade is 3.3%. The holiday season accounts for as much of 40% of individual retailers' annual revenue and about 20% of the total industry's haul, according to the NRF. “While neither robust nor pessimistic, this is a realistic forecast of the industry's expectations,” NRF Chief Executive Matthew Shay said in a statement.
BUSINESS
September 23, 2013 | By Tiffany Hsu
Retailers' annual surge of holiday hiring will be more muted this year, according to a new forecast. Stores and distribution centers are likely to add 665,800 workers to their head counts from Oct. 1 to Dec. 31, consulting firm Challenger, Gray & Christmas predicts. The bulk of the hires will be made in October. But that's an 11% drop from last year, when 751,800 seasonal workers joined retailers' ranks, sending the measure to a 12-year high. The upswing was the fourth straight annual increase in holiday hiring since 2008, when the number of temporary workers added was the smallest in nearly three decades.
BUSINESS
September 20, 2013 | By Tiffany Hsu
Target said Friday that it plans to hire 70,000 workers for the holiday season, 20% fewer than it did last year. The decline from the 88,000 workers brought on board last year to handle the annual throngs of shoppers was intended to give existing employees first crack at extra work time, the company said through a spokesman. Overtime adds up during the season, between the early opening hours of Black Friday and the last minute gift-buying rush just before Christmas. Clocking longer shifts could mean a substantial paycheck boost for hourly workers.
NEWS
August 6, 2013 | By Adam Tschorn
The Los Angeles Fashion Council's upcoming runway shows will be staged at the Grove shopping center, LAFC director Kelsi Smith announced Tuesday. The two-day schedule of eight shows is slated for Oct. 9 and 10 in the Grove's park area (the area adjacent to the dancing fountains where the Christmas tree traditionally goes each holiday season). Although the showcase of designers' spring and summer 2014 collections will remain exclusive to invited guests only (traditionally industry press and buyers)
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