When longtime server Lori Fox lost their job early in the pandemic, they assumed they were stepping away from the restaurant industry for a short time. Instead, they never went back, shifting to a career as a freelance writer, editor and journalist. “I didn’t want to go back into it […]
Author: Caroline Handel
Five Things to Watch for in April’s Retail Sales Report
On Tuesday morning, the U.S Census Bureau will release the latest retail sales report, which chronicles the amount consumers spent on goods and services the previous month. Here are five things to watch for in April’s report: Following a January high, retail sales fell by a revised .5% in February […]
As Inflation Rises and Credit Card Debt Soars, Millennials are Opting to ‘Buy Now, Pay Later’
On March 28th, Apple announced Apple Pay Later, its new Buy Now, Pay Later offering. With the unveiling, Apple joins a financial trend that has skyrocketed since the pandemic. In a 2021 survey by C+R Research, 60% of participants indicated they’d turned to a Buy Now, Pay Later service at […]
After an Explosive Start to 2023, Retail Sales Cool Down in February
Retail and food services sales in the United States fell in February, as consumers returned to a pattern of relatively robust spending while coping with high inflation and rising interest rates. The February Retail Sales Report, released by the U.S. The Department of Commerce on Wednesday, recorded an estimated $697.9 […]
After a Year-End Struggle, Retail Sales Came Roaring Back in January
U.S. retail sales rebounded in January after a disappointing holiday season, indicating that the economy remains resilient despite fears of an oncoming recession. The Monthly Retail Sales Report, released by the U.S. Department of Commerce, recorded an increase of 3% in sales from December 2022 to January 2023. Consumers spent […]