Over the weekend, U.S. retail sales climbed 16 percent, hitting a record total of $52.4 billion, according to the National Retail Federation. The average shopper spent $398.62 during the holiday weekend. Despite these promising retail numbers, other economic indicators aren't as positive this week.
With Thanksgiving approaching, how many notches you'll have to relax that belt buckle won't be the only question people will be asking. Much of the focus will be on air safety and retail sales. Many travelers are not happy about the latest security measures the TSA is using for secondary screening, including full-body scans and thorough pat-downs. Many see both as extremely invasive, but the TSA says that both measures will stay. Callie Crossley, host of "The Callie Crossley Show" at WGBH in Boston, will see if any changes will come as Thanksgiving quickly approaches.
Have you ever wondered why – while you’re out holiday shopping – a dress shop might play one soundtrack of Christmas songs while a hardware store might play another? Steven Pilker, manager of Muzak’s audio architecture department, knows the answers. For our continuing series, "Remixing the Holidays," Pilker explains what all the retail noise is about...and shares the three songs that must be on every holiday soundtrack, regardless of what the store sells.
Last Thanksgiving, a crowd of thousands crushed into a Wal-Mart store in search of holiday sales, killing a 34-year old man. That incident has made stores around the country look at ways to keep customers and staff safe this shopping season. Takeaway Correspondent Femi Oke goes back to the Green Acres Mall - the scene of last year's accident - to check in with shoppers and the mall's new safety measures.
Today, on what's marketed as “the biggest shopping day of the year,” we check in with two small business owners facing their first Black Friday: Michael Sclafani, who operates the Park Delicatessen skateboard, flower, and dry goods store in Brooklyn, New York; and Julie Lapier, who owns a Dresscode, a consignment shop in Plattsburgh, New York.
We also chat with Spencer Ante, Businessweek writer and author of "Creative Capital," about the the rise of entrepreneurship in a recession.
Marcus Mabry, international business editor for The New York Times, and Nazes Afroz, executive editor for the Asia-Pacific region for the BBC, take a look at what's ahead for Indian prime minister Mahmohan Singh's first visit to the White House this week. They'll also take a look at what's ahead in Afghanistan; what's next in health care reform; what retailers can expect on Black Friday; and another week for Sarah Palin's book tour.
Retail sales jumped 2.7 percent in August, the biggest increase in three and a half years. The government's "Cash-for-Clunkers" sales factored into that jump, but even without that program, sales rose 1.1 percent. Do these numbers mean the economy's on the upswing? To help us answer this, we talk to Kelly Evans, reporter for the Wall Street Journal.
Reports are trickling out that say the economy is on a slow upswing. But is it really? The Takeaway talks to two small business owners. Jack Bernstein, who owns a corporate catering business and retail sandwich shop owner in Miami, says that business is down. Ed Snively, a real estate broker in El Centro, California, says that business is way up from last year.