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Latest Matthew Shay Items
According to the National Retail Federation, consumers are expected to spend $17.3 billion — or $133.91 each this year — on Valentine’s Day. While up 2.2% from 2013, spending projections are down 6.9% as fewer consumers plan on giving this year.
Retailers got Americans into stores during the start to the holiday shopping season. Now, they'll need to figure out how to get them to actually shop.
The agreement on the shutdown and the debt ceiling is no guarantee that lawmakers and the White House will behave. They are addicted to spectacle and hand-wringing political theater that garners press coverage, while masking inactivity or indecision.
It's not comparable to Christmas nor Valentine's Day, but Easter spending on honey hams and chocolate bunnies still provides a springtime kick to the American economy, according to a leading national retail group.
It was the tax cut that nobody noticed two years ago. And it was rarely mentioned in the fight between Congress and the White House last year over the expiring Bush-era tax cuts. But this month, the payroll-tax cut suddenly registered on everybody's radar screen — when it went away.
Last week, all the major market indexes eked out positive gains, despite the late-week reversal as "fiscal cliff" discussions took a turn for the worse.
Americans are expected to spend more during what's traditionally the busiest shopping season of the year, but they're not exactly ready to shop 'til they drop as they did the past two years.
Americans are expected to spend more during what's traditionally the busiest shopping season of the year, but they're not exactly ready to shop 'til they drop like they have been in the past two years.
It's the one day of the year set aside for matters of the heart, but that hasn't stopped psychologists, economists, social scientists and even cybersecurity specialists from taking a more intellectual approach to Valentine's Day.