Post-Holiday Spending Softens Further in Mid-January - Barron's

A pullback in spending that follows the holiday season deepened in the third week of January, according to credit-card data collected by Citi.

The firm's analysts say total spending in the week ended Jan. 20 was down 14%, compared with a 10% drop in the week prior, and excluding food, spending was down 15.2%, compared with an 11.9% drop in the second week of January.

The first month of the year is currently on track to also be the weakest month of the year for the retail sector, the analysts say.

Adblock test (Why?)



from "holiday" - Google News https://ift.tt/9TWXGxp
via IFTTT

Comments

Post a Comment

Popular posts from this blog

China to resume issuing passports, visas for travel abroad despite ... - Global News

Image
China says it will resume issuing passports for tourism in another big step away from anti-virus controls that isolated the country for almost three years, setting up a potential flood of Chinese going abroad for next month’s Lunar New Year holiday. The announcement Tuesday adds to abrupt changes that are rolling back some of the world’s strictest anti-virus controls as President Xi Jinping’s government tries to reverse an economic slump. Rules that confined millions of people to their homes kept China’s infection rate low but fueled public frustration and crushed economic growth. Read more: Beijing, Shanghai residents back to work as COVID outbreak continues in China Read More Beijing, Shanghai residents back to work as COVID outbreak continues in China The latest decision could send free-spending Chinese tourists to revenue-starved destinations in Asia and Europe for Lunar New Year, which begins Jan. 22 and usually is the country’s busiest travel season. But it al
Read more

What’s open, closed on the Civic Holiday in Hamilton, Burlington and Niagara Region - Global News

Image
Monday will be a day off for many Ontarians as the province celebrates a civic holiday on the first weekend of August 2022. The August long weekend is expected to bring daytime temperatures in the high 20s throughout the three days. Read more: ‘A long time coming’: Parents book COVID vaccines for little kids in Ontario Here’s a list of some common businesses and services that will be open and closed on the civic holiday: Administrative offices: Offices are closed on Monday. Licensing and bylaw services: Licensing and bylaw phone queue line will be closed on Monday. Service will resume on Tuesday. Green bin, garbage and recycling: No collection on Monday. Pickup will be one day later if it falls on or after the holiday. The city says all materials must be at the curb by 7 a.m.​ Community recycling centres and transfer stations will be closed. 3:07 Ottawa interim police chief says they’ve taken ‘unprecedented measures’ to prepare for possible Canada Day demon
Read more

Opinion: My miraculously pleasant flight shows what air travel can be - CNN

Image
Editor’s Note: Jill Filipovic is a journalist based in New York and author of the book “ OK Boomer, Let’s Talk: How My Generation Got Left Behind .” Follow her on Twitter . The opinions expressed in this commentary are solely her own. View more opinion on CNN. CNN  —  This past weekend, I had one of the most unusual experiences of my life: a day of air travel that was easy, sensible, efficient — dare I say pleasant. Passengers and airport staff alike were friendly and polite. The airplane seat offered enough room for both of my legs and both of my arms. We took off on time and landed early. My shoes stayed on the whole time I was at the airport. Jill Filipovic Courtesy of Jill Filipovic It was a reminder of what travel could be. It was also in Johannesburg, South Africa, not in the US, and happened under a particular set of circumstances — a domestic flight on the Saturday afternoon of a long holiday weekend when most travelers had already reached their destinations. I h
Read more