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☆ What is retail shrink, and how does it differ from theft?
  + stars: | 2023-11-21 | by ( Alex Bitter | ) www.businessinsider.com   time to read: +3 min
"Shrink" has come up frequently as retailers like Walmart and Target talk about theft at their stores. AdvertisementExecutives at retailers like Walmart and Target often mention "shrink" or "shrinkage" when they talk about theft at their stores. In 2022, retailers lost $122.1 billion in shrink, or 1.6% of all retail sales, according to the National Retail Foundation. External theft represented 36% of shrink that year, while 29% came from employee theft. And executives at Dick's Sporting Goods said in August that higher-than-expected shrink from theft pulled the retailer's profits down during its second quarter.
Persons: —, it's Organizations: Walmart, Service, National Retail Foundation, Dick's Sporting Goods, CNBC
☆ Inflation Cools in October, Now at 3.2% Annual Level as Gas Prices Fall
  + stars: | 2023-11-14 | by ( Tim Smart | Nov. | At A.M. | ) www.usnews.com   time to read: +5 min
Consumer prices held stable in October, bringing the annual inflation rate down to 3.2% from 3.7% a month ago as energy prices receded, the Bureau of Labor Statistics said on Tuesday. “Further evidence of disinflation inside the October inflation report,” RSM US Chief Economist Joseph Brusuelas posted on social media, noting that month-over-month inflation was flat at 3.2% and core inflation was up 0.2 percent to 4% over the same period. Although prices for a wide variety of goods and services have cooled this year, the current inflation rate is well above the 2% target set by the central bank. “Inflation expectations over the next 5 years dipped to 2.7%, slightly above the Fed’s long-run target of 2%. “We don’t think the last mile of disinflation will be particularly hard,” Goldman Chief Economist Jan Hatzius wrote in the outlook.
Persons: Joseph Brusuelas, Stocks, Matt Bush, Patrick De Haan, “, ”, Piyush Patel, Jeffrey Roach, Goldman Sachs, Jan Hatzius Organizations: of Labor Statistics, RSM, Federal, Treasury, Dow Industrial, Guggenheim Partners, CNBC, National Retail Foundation, NRF, Affinity Solutions, Wall Street, Travel, Gas, New York Federal Reserve Bank, University of Michigan’s, LPL, Investment, ” Goldman Locations: U.S
☆ Rising inflation forces Halloween candy prices to climb more than 13%, with the highest price increases impacting Skittles and Starbursts
  + stars: | 2022-10-31 | by ( Kate Duffy | ) www.businessinsider.com   time to read: +3 min
As Americans prepare for Halloween festivities, candy prices have shot up. Candy prices rose more than 13% in September compared with a year ago, per the Bureau of Labor Statistics. Skittles shot up by 42% in price since last year, while Starbursts rose by 35%, Datasembly told The WSJ. According to the Labor Department, candy prices went up more than 13% in September compared with a year ago. Consumers plan to spend $100 on average for Halloween candy, cards, costumes, and decorations, the National Retail Foundation reported in its 2022 survey.
☆ Black Friday 2022: Expert tips for finding the best deals
  + stars: | 2022-09-23 | by ( Zoe Malin | Zoe Malin Is The Associate Updates Editor For Select On Nbc News. | ) www.nbcnews.com   time to read: +16 min
“We used to see Thanksgiving weekend as the kickoff to the holiday season, but now it’s almost more of a halfway point. Last year, select retailers also offered special price-match policies to ensure early shoppers got the best price possible during the holiday shopping season. How to find the best deals and save money during Black FridayFinding the best deals and saving money during Black Friday go hand in hand — if you shop the deepest discounts, you’ll spend less overall. Credit cards may even offer bonus promotions during the holiday shopping season, which Select’s money experts will keep you updated on as they’re announced. Credit cards may even offer bonus promotions during the holiday shopping season, which Select’s money experts will keep you updated on as they’re announced.
☆ UPS and Fedex are in for reckoning as the e-commerce boom cools and new competitors fight for a shrinking number of packages
  + stars: | 2022-05-26 | by ( Emma Cosgrove | ) www.businessinsider.com   time to read: +9 min
The pandemic-driven e-commerce boom buoyed results for UPS and FedEx the past two years. E-commerce sales in the first quarter were up nearly 7% from the first quarter of 2021, according to the US Census Bureau. The other is that the slowdown may loosen the two companies' grip on the pricing power they've held for the past two years. On the downward slope of the pandemic e-commerce boom, UPS and FedEx are going to be left with a smaller slice of a smaller pie. So far, both carriers are holding fast to their pricing power in the customary first-quarter contract negotiations, according to Roberson.
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