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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 officers involved in the fatal shooting of Stephon Clark detailed the moments leading up to the unarmed man's death last year in his grandmother's backyard in Sacramento.In nearly 800 pages of police reports and dispatch records released by 256
The House Intelligence Committee voted along party lines Tuesday night to approve a report that found evidence of President Donald Trump's misconduct and obstruction of Congress is "overwhelming."The report, 220
The number of confirmed coronavirus infections worldwide has topped 615,000 with new cases stacking up quickly in Europe and the United States and officials digging in for a long fight against the pandemic. The latest landmark on Saturday came only two days after the world passed a half- million infections in a tally by 334
The Los Angeles Police Department is investigating an incident recorded on video and widely shared on social media that shows security staff forcefully removing transgender patrons from a downtown bar on Friday.A group of eight employees from Bienestar Human Services, which focuses on health issues in Latino and LGBTQ communities, were celebrating at Las Perlas bar after the first day of a local LGBTQ festival when a couple began directing "transphobic slurs" at their table, Khloe Rios told CNN.Rios is the manager of Transgeneros Unidas, the Bienestar team focused on advocacy for transgender and non-binary people.Rios said that at first, she and her group, which included transgender women of color, gay men of color and a gender non-conforming person, told the couple to leave them alone. The two seemed drunk, Rios said, so her group didn't take them very seriously.Then, Rios said, the man became physically aggressive toward one of her coworkers. She said her group immediately tried to protect their coworker from being harmed."We just wanted to protect each other," Rios said. "We were trying to get them off our backs. We didn't want no confrontation but they were being very violent."Rios said the bar's manager and security personnel soon arrived and tried to de-escalate the situation. She said they asked the couple to leave and started "gently" escorting them outside, but handled her group forcefully.In the video recorded by Rios that went viral, one person is seen repeatedly screaming, "Don't touch me like that," as they are forcibly grabbed by bar security, slammed against a wall and thrown out.Another security staff member is seen grabbing another individual in a chokehold, dragging them across the bar, and also throwing them out."What happened?" the individual being dragged outside can be heard asking.Cedd Moses, CEO of Pouring with Heart, the hospitality group that owns Las Perlas Bar, said in a statement that the manager on duty asked two groups of guests to leave after an "escalated verbal altercation broke out." He added that the company has "zero tolerance for this type of behavior.""The guards removed the guests that were not compliant with the manager's request to leave and did so in accordance with company policy," the statement read.Rios said her group wasn't asked to leave until they were already being escorted out."They ask the husband to take the wife to go outside, and they just turn to us and start picking up," she said. "They never asked us to leave. They asked us to leave when we were being pushed out."Rios said that police eventually arrived at the scene, but that the other couple involved in the incident had fled by then. She said her group filed a hate crime incident report with law enforcement.LAPD acknowledged the incident on Twitter and said it could not comment on an ongoing investigation."Whether in public, or inside of a private establishment, all Angelenos deserve the freedom to coexist in harmony," the department 3008