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☆ Rain and snow fronts expected before and during Thanksgiving week, forecasters say
▼ + stars: | 2024-11-18 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +5 min

Multiple weather fronts will push rain and snow into the Midwest, the Southeast, the mid-Atlantic and the Northeast ahead of Thanksgiving week and some of the year's busiest travel days. Rain, snow expected this weekStarting in the Pacific Northwest, a "long duration atmospheric river" was expected to bring 5 inches of rain and at least 3 inches of snow to Oregon and Northern California beginning as early as Monday, federal forecasters and academic researchers said. The rest of the country is likely to get normal precipitation or below-normal rain during that time, the prediction center said. American Airlines said in a statement Thursday that it expects to set a record for passengers served during the holiday span, with nearly 8.3 million expected. It may be too early to tell whether brewing rain and snow systems will thwart travel and spending plans.

Persons: —, Snow Organizations: National Weather Service, NBC, Western, Center, . Federal, Prediction, San, American Airlines, American, National Retail Foundation Locations: Texas, Oklahoma, West Texas, Abilene, Wichita Falls, Midland, Dallas, Fort Worth, Pacific Northwest, Oregon, Northern California, San Diego, Colorado , Kansas , Nebraska, South Dakota, Wyoming, Northwest, Ohio, East Coast, Great, New England, New York , New Jersey, Pennsylvania, U.S, California, Pacific Northwest , Montana , North Dakota, South Dakota , Nebraska , Iowa, Minnesota, Wisconsin, Michigan, San Francisco Bay

☆ Toxic chemical ‘Hall of Shame’ calls out retailers in time for holiday shopping
▼ + stars: | 2024-11-14 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +10 min

“This is a critical time of year, the time when most retailers make a lot of their money,” Schade said. Only four companies in the top 50 retailers earned an A or A- — Apple, Sephora, Target and Walmart. Three companies — Ulta Beauty, IKEA and Whole Foods Market — received a B grade, while 26 companies were equally split between C and D grades. “We also grade companies on whether the changes requested from their suppliers are actually implemented, if they have truly ‘banned the bad,’ so to speak,” Peele said. Correction: A previous version of this story incorrectly stated the number of retailers who earned an A or A-.

Persons: —, “ It’s, ”, Mike Schade, ” Schade, “, Dunkin ’, Jimmy John’s, Joe’s, Ahold, Hannaford, Tard, Sherwin, Williams, Sally Beauty, Jodi Caro, Alimentation, Cheri Peele, ” Peele, Peele, Homer Swei, Swei, Schade, Perfluoroalkyl, Julianna Bragg Organizations: CNN, Toxic, Black, Brands, KFC, Taco Bell, Inspire Brands, Baskin, Robbins, Buffalo Wild Wings, Canadian, Lion, Nordstrom, Walmart, National Retail Foundation, Companies, “ Retailers, Environmental, National Academies of Sciences, Engineering, US, “ Locations: United States, Canada, Chipotle, Target, Nordstrom

☆ Visa is being sued for illegal monopoly that adds to the price of ‘nearly everything’
▼ + stars: | 2024-09-24 | by ( Hannah Rabinowitz | ) edition.cnn.com time to read: +3 min

New York CNN —The US Justice Department filed a lawsuit Tuesday accusing Visa of illegally monopolizing the debit card market. The antitrust suit is one of several major actions taken by the Justice Department recently. It also comes just three years after the Justice Department sued to block Visa from merging with financial technology startup Plaid. According to the new complaint against Visa, which was filed in federal court in New York, more than 60% of debit transactions in the country take place on Visa’s debit network. Visa, in turn, is able to charge more than $7 billion in processing fees on those transactions, the department says.

Persons: General Merrick Garland, “, ” Organizations: New, New York CNN, US Justice Department, Visa, CNN, Justice Department, Google, Plaid, ” Merchants, Mastercard, National Retail Foundation Locations: New York

☆ 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

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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