Author: ilie mitaru

Demand For Fur Sends Prices Skyrocketing

The dimly lit showroom at Marc Kaufman Furs is packed with steel racks weighed down by fur coats of every species.  Those furs are getting more expensive. “We’ve never seen prices of fur at this level. This is the highest it’s ever been, and because it’s increasing at such an […]

Retail Sales To Slow In March

Retail sales will fall sharply in March due to a dismal jobs report, cold weather and continued strain on low-income families from the payroll tax hikes. “When we look at the employment numbers, they were very disappointing” said Michael Brown, an economist at Wells Fargo.  Brown predicts a 0.1 percent […]

February Retail Numbers Up In Spite of New Taxes

Americans increased spending in February despite new taxes and continued uncertainty in Washington over budget cuts. Retail spending for February rose 1.1 percent, exceeding analysts expectations by 0.4 percent. The February gains more than doubled the gains in the previous two months. “There are still a lot of headwinds,” said […]

Retail Sales Slow In January

New taxes and higher gas prices forced Americans to cut down on shopping and dining out in January, putting a damper on growth in retail sales across the country. Retail sales were up only 0.1 percent in January, following stronger growth in December (0.5 percent) and November (0.4 percent). Most […]