Holidays spark rising return chaos across U S stores
US retailers face a holiday return surge as discount binge spending rebounds into higher post sale refunds. Returns run about 9.9 cents per dollar, up from 9.8, with total holiday receipts near 453 billion dollars and electronics leading the reversals. Analysts note lenient return policies boost refunds while undercutting margins, as liquidators report 12 to 15 percent return rates.
MENTIONED IN THIS ARTICLE
New York
Santa
Accenture
Mitch Cline
Liquidation.com
Walmart
Census shows half of Americans in poverty or low income
Census data show 146.4 million people or 48 percent of the U.S. population fall into poverty or low income under a new measure. Rising costs, stagnant wages, and reduced safety net protections keep many families from advancing.
MENTIONED IN THIS ARTICLE
Washington
Robert Rector
Conservative Heritage Foundation
Rector
South
Arizona
New Mexico
South Carolina
California
Texas
Census Bureau
U.S
Congress weighs extending unemployment benefits amid debate
Congress debates prolonging federal jobless aid shown to aid the long term unemployed while risking higher jobless spells. Economists warn of disincentives to work, though supporters led by Obama cite dire labor markets. House GOP proposes 59 to 79 week caps.
MENTIONED IN THIS ARTICLE
Washington
Congress
House
Obama
Mark Zandi
Moody’s Analytics
Zandi
Douglas Holtz-Eakin
Congressional Budget Office
GOP
John McCain
Holtz-Eakin
American Action Forum
Ways and Means
Dave Camp
R-Mich
Also Mentioned on This Page
Jennifer Kersten
Miami
Nordstrom
al Sambar
Kurt Salmon
Wanda Vazquez
Marshalls
Liquidity Services Inc
Cranbury
N.J
Sheldon Danziger
University of Michigan
Zenobia Bechtel
Austin
Bechtel
Alan Dy
Careli
Samy
Anie
Clarion Inn
Kansas Ave
Garden City
Se Reil
Choicehotels.com
Facebook
Speen
MR. Pool
Plaza
den City
Mrpoolofkansas.com
Ick Hills Energy
W.serviceguard.com
North Pole
Getelegram.com
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