Santa Comes Early…for Retailers

Published: 12/15/2017

Santa Comes Early…for Retailers

Retail sales are up by .08%, according to the Wall Street Journal. This might not seem like a big deal, it’s less than a full point, but economists had predicted only a slight increase of .03%. So, Americans are spending more this holiday season – online, in stores, and at restaurants. Increased consumer spending is all great news for the nation’s retailers, mostly made up of small businesses. According to the article, electronics and appliance retailers, along with online sellers, saw the greatest growth. Traditional “brick and mortar” retailers saw growth as well, with big increases over the Black Friday weekend. So, what’s behind this increase? There are several reasons from low unemployment to increasing real estate values driving up Americans’ net worth. Whatever the reason, this increase in consumer spending is a sign of a growing economy…which is a great thing.  Remember there are only ten days left until Christmas – hit those local retailers!

There are only a few weeks left in 2017. It’s been a great, albeit strange, year. We’ve seen new highs with the Dow Jones in the New York Stock Exchange and catastrophic natural disasters (some ongoing here in SoCal). The Chamber has had our highs as well with maybe the biggest Taste of the Region and Business Expo ever and successfully fighting for our local businesses. I think we are providing more value than ever for our members’ investments and I’m proud of the work we do to support our members and the local economy.

As we roll into January, make sure you have your calendars marked for our Let’s Do Lunch at Four Seasons Buffett on the 17th and our annual Labor Law Update Workshop, presented by Ann K. Smith, Esq. of AALRR, on the 25th. I hope to see you at one or both of these events.

Have a nice weekend.

Scott

scott

Scott Smith 
President/CEO 

Weekly Quote:

Home is the nicest word there is. Laura Ingalls Wilder

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