From the return of an old friend to the introduction of a new program, the Do it Best Corp. October Market, held Oct. 19-21 in Indianapolis, had plenty to offer its retailers. During the shareholders’ meeting Sunday night, Don Wolf, …
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National Retail Federation Calls for Speedy End to Government Shutdown
In a recent letter to congressional leaders, the National Retail Federation called upon both Congress and the White House to end the budget stalemate and urged both political parties to immediately pass a funding bill so that federal employees and contractors can get back …
Read More »Marginal Sales Gains Forecast for This Holiday Season
The National Retail Federation (NRF) expects sales in November and December to marginally increase 3.9 percent to $602.1 billion, over 2012’s actual 3.5 percent holiday season sales growth. The forecast is higher than the 10-year average holiday sales growth of …
Read More »Existing-Home Sales Up in August
Existing-home sales increased in August and reached the highest level in more than six years, while the median price shows nine consecutive months of double-digit year-over-year increases, according to the National Association of Realtors®. Total existing-home sales rose 1.7 percent to a seasonally …
Read More »Builder Confidence Remains Unchanged in September
After four consecutive months of increasing confidence, builder confidence in the market for newly built, single-family homes held unchanged in September with a reading of 58 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). “While builder …
Read More »Retail Sales Growth Little Changed in August
Retail sales increased in the month of August but came in at a much slower pace than anticipated. August retail sales (excluding automobiles, gas stations and restaurants) increased 0.1 percent seasonally adjusted from last month, according to the National Retail …
Read More »Home Depot CEO Discusses Housing Market, Industry on CNBC
Home Depot CEO Frank Blake recently sat down for an interview with CNBC while he was in New York to promote Home Depot Foundation’s Celebration of Service campaign that runs from Sept. 11 through Veterans Day. In the interview he …
Read More »Unemployment Rate Little Changed in August
Both the number of unemployed, at 11.3 million, and the unemployment rate, at 7.3 percent, changed little but decreased in August. The jobless rate is down from 8.1 percent a year ago, the U.S. Bureau of Labor Statistics reported. Overall, …
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