Author: Morten Buttler

Restaurant prices soar in Seattle as $15 moves closer

When Tom Douglas first heard about the plans of raising the minimum wage in Seattle to $15 an hour, he knew what it would mean for his business: higher costs. And he knew what that would mean for his customers, too: higher prices. Douglas, a 57-year-old chef and restaurateur, owns […]

Five things to watch in March retail sales

Q1 is almost in the books and so far it’s been a weak quarter for retail sales. At 8.30 AM today the Department of Commerce delivers the last piece in the puzzle. Expectations in the market are a small 0.1 increase in the headline number but the main event is […]

So what are consumers actually spending their money on?

The news from the nation’s biggest retailers has been bleak as one after another have reported weak sales. Whether it’s Macy’s, which is laying off people to recover from declining sales or Walmart, which reported its first ever annual drop in revenue this week, retail sales have been weak. Personal […]

U.S. Retail Sales On The Rise in January

Retail sales gained momentum in January as consumers defied global economical turmoil and boosted their spending for the third consecutive month. Consumers spent $449.9 billion in January, which was an increase of a seasonally adjusted 0.2 percent from last month and 3.4 percent higher than January 2015, the Commerce Department […]