Archive for the business Category

Retailers face ho-hum holiday sales-early data

Posted in business with tags , on December 27, 2012 by SpenceG

As the U.S. holiday season winds down, retailers were left to hope that post-Christmas sales could help salvage their worst performance since 2008, preliminary data showed.

Holiday-related sales rose 0.7 percent from October 28 through December 24, compared with a 2 percent increase last year, according to data from MasterCard Advisors SpendingPulse.

The preliminary estimate from SpendingPulse was in line with other estimates showing weak growth during the holiday season, when retailers can book about 30 percent of annual sales and in many cases half of their profits.

On Tuesday, the International Council of Shopping Centers and Goldman Sachs Weekly Chain Store Sales Index said sales rose only 0.7 percent in the week ended Saturday.

And last week, research firm ShopperTrak lowered its holiday season forecast, calling for sales in November and December to increase only 2.5 percent from 2011, down from 3.3 percent.

read more: http://news.yahoo.com/retail-sales-creep-higher-weak-holiday-season-early-143749277–finance.html click here

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Who wants more public transit choices? Most Americans, it turns out

Posted in business with tags , , , on September 17, 2012 by SpenceG

Three out of four Americans are frustrated with the lack of transportation options that forces them to drive more than they would prefer, according to a new nationwide public opinion survey released today by the Natural Resources Defense Council (NRDC). According to the poll results, two out of three support government investment in to expand and improve public transportation and twice as many people favor new transit – buses, trains and light rail – rather than new highways as the best way to solve America’s traffic woes.

“Americans hate traffic and love transit,” said Peter Lehner, NRDC’s executive director. “Investing in public transportation eases congestion but for too long most federal funding has limited people’s choices, leaving them sitting in traffic.”

The survey of 800 Americans was conducted this summer by a bipartisan team — Public Opinion Strategies, which conducts polling for Republican candidates, and Fairbank, Maslin, Maullin, Metz & Associates, which specializes in polling for Democratic candidates. The nationwide telephone survey was preceded by focus groups in Charlotte, N.C., Raleigh, N.C., Philadelphia, Pa., and Cleveland, Ohio.

via Who wants more public transit choices? Most Americans, it turns out.