shopping

ICSC Forecasts Increased Spending, Longer Holiday Shopping Season

ICSC expects 1.9 percent spending increase, bolstered by an earlier start to holiday shopping

Consumers are expected to provide a boost for retailers this holiday season, according to ICSC’s Annual Holiday Shopping Intentions Survey. ICSC forecasts a 1.9 percent year-over-year spending increase this holiday season with total spending to be $862.2B. The annual Holiday Shopping Intentions Survey found that the average adult is planning to spend $655 on holiday-related items – surpassing 2019’s actual expenditure.

The study found 94 percent of adults plan to make holiday-related purchases this year, and 73 percent anticipate spending the same or more this holiday season. Due in part to the COVID-19 pandemic, consumers have come to expect click-and-collect and curbside pickup at their local retailer. In fact, 53 percent will leverage these alternatives throughout November and December.

“Despite the difficulties the economy has faced, consumers are looking forward to the holidays and plan to

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women

New pro-Trump super PAC of moms forms, spending $3 million to win over suburban women

A new pro-Trump super PAC will spend $3 million on a national ad campaign aiming to turn suburban women concerned about neighborhood violence into voters for President Trump.

Moms for Safe Neighborhoods is hoping the trope of the ‘soccer mom’ is replaced with the ‘safety mom’ in 2020 and is leveraging recent rioting to help Mr. Trump persuade suburban women to his column. Mothers for Safe Neighborhoods is led by Jessica Anderson, a former aide to the Trump White House and executive director of Heritage Action for America.

“Mothers for Safe Neighborhoods (MOMS) is a group of mothers horrified at the violence and see President Trump as the only candidate who can keep their families safe,” Ms. Anderson said in a statement. “While Biden and Democrats are discussing how to divert resources from the police and waiting months to call out violence, MOMS supports President Trump standing with law enforcement

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jewelry

From cars to jewelry, China’s shoppers are spending again



a group of people walking down a street next to a woman: From cars to jewelry, China's shoppers are spending again


© Ruchira Kondepudi
From cars to jewelry, China’s shoppers are spending again

Right before executives and car enthusiasts could gather in Geneva for the big auto show there in early March, the organizers called it off. As the coronavirus spread, other shows followed suit: Detroit, Los Angeles, New York, Paris and São Paulo.

So after a long lull, the first major auto show since the pandemic hit opened this weekend in Beijing, giving automakers a chance to showcase new models and big ideas for the future. Under the pulsating lights, executives and car fans admired new rides from big Western companies like Ford and Volkswagen, and from Chinese rivals. The gleaming sport utility vehicles, sedans and other cars were aimed at China’s consumers, who have emerged from COVID-19 lockdowns with a yearning to spend.

The automakers are chasing people like Ben Cao. Cao, a 33-year-old Shanghai consultant, and his wife

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