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The mad scramble between Thanksgiving and Christmas just got six days shorter.Black Friday once again kicks off the start of the holiday shopping season. But with six fewer days than last year, it will be the shortest season since 2013 because Thanksgiving fell on the fourth Thursday in November — the latest possible date it could be. That means customers will have less time to shop and retailers will have less time to woo them.Adobe Analytics predicts a loss of billion in online revenue from a shortened season. Still, it expects online sales will reach 3.7 billion, up 14.1% from last year’s holiday seasonThe National Retail Federation, the nation’s largest retail trade group, baked the shorter season into its forecast, but it says the real drivers will be the job market. It forecasts that holiday sales will rise between 3.8% and 4.2%, an increase from the disappointing 2.1% growth seen in the November and December 2018 period that came well short of the group’s prediction.Last year’s holiday sales were hurt by turmoil over the White House trade policy with China and a delay in data collection by nearly a month because of a government shutdown. This year’s holiday forecast is above the average holiday sales growth of 3.7% over the previous five years.NRF expects online and other non-store sales, which are included in the total, to increase between 11% and 14%, for the holiday period.Black Friday is expected to once again be the largest shopping day of the season, followed by the last Saturday before Christmas, according to MasterCard SpendingPulse, which tracks spending across all types of payments including cash and check. Thanksgiving Day isn’t even on the top 10 holiday shopping days, according to MasterCard.The 2019 holiday season will be a good measure of the U.S. economy’s health. Many retail CEOs describe their customers has financially healthy, citing moderate wage growth and an unemployment rate hovering near a 50-year low.“The overall picture is positive,” said Craig Johnson, president of Customer Growth Partners, a retail consultancy. “People are spending out of positive cash flow as opposed to borrowing.”Economic growth has moderated since earlier this year, with growth at just 1.9% in the July-September quarter, down from 3.1% in the first three months of the year. Analysts blame at least part of that on the U.S.-China trade war, which has forced many companies to delay plans to invest and expand.That’s left consumers as the main drivers. So far, Americans have kept up their spending, allaying fears of a recession.With more holiday deals happening earlier to compensate for the late start, many have already started to shop. More than half of consumers have already started their holiday shopping and nearly a quarter of purchases have already been made, according to the annual survey released by the NRF and Prosper Insights & Analytics. The survey of 7,917 adult consumers was conducted Oct. 31 through Nov. 6.“This is further evidence that the holiday season has grown far beyond the period between Thanksgiving and Christmas,” said Matthew Shay, president and CEO of NRF, in a statement. 3173
The new teaser trailer for “Maleficent: Mistress of Evil,” a sequel to the global box-office hit “Maleficent,” has arrived. Angelina Jolie and Elle Fanning reprise their roles as the dark fairy Maleficent and Princess Aurora, respectively, two characters from the studio’s animated classic “Sleeping Beauty.” Their untold story was brought to life on screen in 2014’s “Maleficent,” and are joined by Michelle Pfeiffer, Chiwetel Ejiofor, Sam Riley, Harris Dickinson, Ed Skrein, Imelda Staunton, Juno Temple and Lesley Manville. "Maleficent: Mistress of Evil” hits theaters nationwide October 18, 2019. 612
The Miami Dolphins waived second-year running back Mark Walton after he was arrested Tuesday morning, with police accusing him of repeatedly punching the mother of his unborn child in the face.An officer responded to a residence in the Miami suburb of Davie around 4:15 a.m. and learned that Walton had been in an argument with a woman, according to a police report.The woman was five weeks pregnant, the report said, and had told Walton on Sunday that the child was his."During the course of the argument, Walton pushed (the woman) against a wall and punched her several times in the face and head. I observed (the woman) to have swelling on her left eye," the responding Davie officer wrote in his report. The victim's name was redacted in the report.Walton is charged with aggravated assault on a pregnant woman, the report says. Walton remained in the Broward County Jail, pending a Wednesday hearing that would determine his bond status.Walton's attorney, Michael Gottlieb, said he spoke with his client Tuesday. He told CNN, "I don't believe Mr. Walton is guilty of the charges as alleged."In a statement, the Dolphins said they waived Walton."We were made aware of a police matter earlier this morning regarding Mark Walton," Dolphins general manager Chris Grier said. "We hold our players to a high standard and take these matters very seriously. We will have no further comment at this time."The Cincinnati Bengals selected Walton, who played at the University of Miami, in the fourth round of the 2018 NFL Draft. The Bengals waived Walton after he was arrested three times during the 2019 off-season.The 22-year-old was arrested in January on a misdemeanor drug charge, in February 1704
The Chicago Cubs have banned a fan indefinitely from Wrigley Field after he was seen on camera making an offensive hand gesture at a game this week.On Tuesday night's Cubs broadcast on NBC Sports Chicago, a fan was seen behind analyst Doug Glanville, a former MLB player who is black, giving a hand gesture that has been known as a white power sign.Crane Kenney, the Cubs' president of business operations, said in a statement after the game that the organization would investigate "because no one should be subjected to this type of offensive behavior.""An individual seated behind Mr. Glanville used what appears to be an offensive hand gesture that is associated with racism," the statement said. "Such ignorant and repulsive behavior is not tolerated at Wrigley Field."On Wednesday, Kenney said the fan violated the organization's guest code of conduct."As a result, after repeated attempts to reach this individual by phone, we sent a letter to the individual notifying him of our findings and our decision that, effectively immediately, he will not be permitted on the grounds of Wrigley Field or other ticketed areas indefinitely," Kenney said in a statement."We further communicated if he attempts to enter Wrigley Field or other ticketed areas he may be subject to prosecution for criminal trespass to property."The Cubs are not disclosing the name of the individual to the general public.The-CNN-Wire? & ? 2019 Cable News Network, Inc., a Time Warner Company. All rights reserved. 1506
The gap between the haves and have-nots in the United States grew last year to its highest level in more than 50 years of tracking income inequality, according to Census Bureau figures.Income inequality in the United States expanded from 2017 to 2018, with several heartland states among the leaders of the increase, even though several wealthy coastal states still had the most inequality overall, according to figures released Thursday by the U.S. Census Bureau.The nation’s Gini Index, which measures income inequality, has been rising steadily over the past five decades.The Gini Index grew from 0.482 in 2017 to 0.485 last year, according to the bureau’s 1-year American Community Survey data. The Gini Index is on a scale of 0 to 1; a score of “0″ indicates perfect equality, while a score of “1″ indicates perfect inequality, where one household has all the income.The increase in income inequality comes as two Democratic presidential candidates, U.S. Sens. Bernie Sanders and Elizabeth Warren, are pitching a 1030