Revised growth path boosts odds of Fed December rate hike
U S economy grew 2.1 percent in Q3, revised up from 1.5, with inventory data understated. Consumer spending rose 3 percent and business investment up 2.4 percent, aiding expectations for a near-zero rate increase as Fed officials weigh December action.
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Thanksgiving Store Hours Across Retail Chains
Stores announce Thanksgiving openings with varied start times. Target opens at 6 p.m. and stays open all night into Black Friday. Kmart and Macy’s list different timing. Dick’s Sporting Goods and Kohl’s follow later start times and offer deals on Thanksgiving and Black Friday.
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Kohl’s
Macy’s
Crafts JO-ANN Thanksgiving and Black Friday Hours
JO ANNE FABRIC AND CRAFT STORES announce Thanksgiving closing and Black Friday opening at 6 a.m. The store will reopen early to serve shoppers during the holiday shopping surge.
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Jo-Ann Fabric and
Retailers ready for holiday rush but resist Thanksgiving openings
Retailers brace for a strong but fluctuating holiday season as NRF projects 3.7 percent growth to 630.5 billion and shoppers plan about 1463 dollars each. Some chains skip Thanksgiving openings to brand themselves as slower and more consumer friendly amid weak demand and geopolitical worries.
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Commerce Department
National Retail Federation
Ohio holiday retail forecast tops national outlook
The University of Cincinnati Economics Center projects Ohio holiday sales to rise 4.2 percent to 15.8 billion for November and December, aided by lower gas prices and improving jobs gains. National forecast is 3.7 percent to 630.5 billion. Regional gains include Cincinnati 5.6 percent, Columbus 4.6 percent, and Toledo 3.8 percent. Gas at 1.83 per gallon, down from 2.75 last year.
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