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Tag Archives: economy

Consumer Confidence Lags in the Second Quarter

consumer confidence

Consumer Confidence and Manufacturing Drop in Q2 Home sales and home prices were up in the second quarter of 2016, but other economic indicators didn’t look so good in the U.S. Consumer confidence, as reported in The Conference Board’s Consumer ... Read More »

U.S. House Passes Legislation to Delay Overtime Rule

overtime rule

Retailers may have more time to prepare for the U.S. Department of Labor’s new overtime rule if a bill becomes law. This week, the U.S. House of Representatives voted 246 to 177 in favor of legislation to delay the start date of the overtime ... Read More »

What Does Brexit Mean for U.S. Home Improvement?

The British exit from the European Union, commonly referred to as Brexit, has global ramifications, but its impact on U.S. businesses is still to be seen. The U.K. is feeling the strongest and most immediate economic impacts of the Brexit vote in June, but the decision will affect the ... Read More »

Walmart Introduces Training Programs to Compete


Walmart has long been criticized for offering low-skilled jobs that pay little and offer few opportunities to move up. Now, it’s fighting back against those criticisms by offering new training programs for its employees. According to an article from The ... Read More »

Sears to Try Smaller Store Format


Sears has big plans for some small stores. If a pilot program goes well, then Sears Holdings Corp. will add a store format that is much smaller than its stores have been in the past, according to an article from ... Read More »

Retailer: ‘Don’t Panic; Plan’ for Minimum Wage Hikes

Minimum Wage

Since California and New York approved minimum wage increases this month, minimum wage is fresh on business owners’ minds. But increases–even up to a $15 base wage–aren’t cause for intense anxiety, says Gina Schaefer, who owns A Few Cool Hardware Stores’ 11 locations in Washington, D.C., ... Read More »

Staying Competitive, Not Lowest, on Price

Before they felt the pressure of the economic downturn in 2008, consumers considered the convenience of a store’s location as more important than price–but the recession changed that. Price became the top factor in choosing a store, and consumers placed a higher priority ... Read More »

More and More Millennials Are Heading to Suburbia

In the past few years, we’ve seen millennials who, after graduating from college, have chosen to live downtown or in an urban area (usually renting an apartment in the neighborhood of their choice). There’s plenty of nightlife and other activities ... Read More »