BUSINESS
December 4, 2011 | By Scott J. Wilson, Los Angeles Times
Americans spend hundreds of billions of dollars buying gifts during the Christmas season. Inevitably, some people get carried away by the excitement of the season and spend more than they can afford. Here are some tips to make sure you don't end up with a debt headache after the holidays. Budget: "Spend no more than 1.5% of your household annual income on holiday gifts and entertainment," suggests Practical Money Skills, a website operated by Visa. The site offers a holiday budget calculator at http://www.practicalmoneyskills.com/holiday . List: Make a list of every person for whom you want to buy gifts.
BUSINESS
November 27, 2011 | By Shan Li, Los Angeles Times
Drawn by heavy promotions and earlier-than-ever opening times, shoppers swarmed the malls on Black Friday weekend and handed retailers a good start to the holiday season. A record number of people headed to stores and shopped online from Thanksgiving Day through Sunday, spending more than last year on presents and indulging in some items for themselves. They rang up an estimated $52.4 billion in sales during the four-day weekend, up from $45 billion last year, the National Retail Federation said Sunday.
BUSINESS
October 31, 2011 | By Angel Jennings, Los Angeles Times
Costumes are ready, bags of candy wait to be handed out, and monsters of all ages are ready for action. Halloween has finally arrived after a weekend of pre-holiday warmups, and a record number of people are expected to participate in traditional festivities, according to the National Retail Federation. An estimated 161 million people will don costumes, attend parties, decorate their homes and go trick-or-treating, the highest number in the nine-year history of the group's spending survey.
BUSINESS
October 5, 2011 | By Andrea Chang, Los Angeles Times
Retail sales in the upcoming holiday shopping season will rise a modest 2.8% to $465.6 billion after a surprisingly solid Christmas last year, according to the National Retail Federation, a trade group. That estimate is significantly lower than the 5.2% increase the industry reported in 2010, but it is slightly higher than the 10-year average holiday sales increase of 2.6%. "The 2011 holiday season can be summed up in one word: average," the federation said in a statement. Matthew Shay, president of the group, said that retailers were optimistic that strong promotions and lean inventory levels would help them deal with consumer caution during the all-important November and December period, when some retailers make as much as 40% of their annual revenue.
BUSINESS
July 22, 2011 | By Andrea Chang, Los Angeles Times
A possible slowdown in back-to-school shopping could weaken the retail industry's recent momentum, according to sales estimates from several retail groups. As retailers roll out fresh back-to-school merchandise and tout early deals, a "shadow of insecurity" tied to the nation's slow economic recovery still looms over many consumers and could hamper their spending, the National Retail Federation said. The retail trade group said in a report Thursday that families with children in kindergarten through high school would spend an average of $603.63 on apparel, school supplies and electronics, down slightly from $606.40 during last year's back-to-school season.
BUSINESS
March 8, 2011 | By Andrea Chang, Los Angeles Times
Retailers may be seeing more green this St. Patrick's Day. According to the National Retail Federation, 122 million Americans, or 52.4%, said they would celebrate the Irish holiday March 17, up from 45.2% last year and the most in the survey's eight-year history. Consumers also said they plan to spend slightly more than they did last year, an average of $33.97 compared with $33.05 in 2010. Total spending is expected to reach $4.14 billion. Matthew Shay, president of the retail federation, said consumers seemed eager to "shake off the winter blues" by going all out for St. Patrick's Day. That bodes well for retailers and restaurants that will be offering special merchandise, meals and events.