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|Articles - December 2011|
|Tuesday, November 15, 2011|
By Abby Christopher
The annual holiday shopping marathon is upon us, and in the face of a still-fragile economy, retailers around the country and locally are collectively holding their breaths.
In Oregon, overall consumer holiday purchases are expected to increase 2.6%, less than the national average, according to Associated Oregon Industries. On average this year, consumers in Oregon and Washington are expected to spend $640.03 compared to $704.18 last year, according to Ohio-based BIGresearch. The National Retail Federation predicts that spending nationally will be a little higher than 2010, up 2.8% to $465 billion.
Forecasting year-end holiday sales in Oregon is more of an art than a science because Oregon doesn’t tax most retail items, so it’s more difficult for economists and analysts to gather and aggregate sales data. But the state can track monthly employment figures that can provide signs of momentum, particularly starting in the back-to-school months, August and September. Holiday hiring in Oregon is expected to hover around 11,617, 2010’s final figure, or increase slightly, according to Nick Beleiciks, a state economist with Oregon’s employment division. Harry & David in Medford is expected to make up many of these seasonal hires with roughly 9,000 enlisted to field phone orders and pack gifts.
To gauge consumer buying trends, lobbying organizations, such as the National Retail Federation, as well as independent researchers conduct or commission consumer surveys that track responses by region and state.
In October, BIGresearch conducted a nationwide consumer holiday spending survey. Overall, consumers are planning to limit themselves to buying “one nice great gift” for each person on their shopping list this year, according to Pam Goodfellow of BIGresearch. Consumers will invest a lot of time looking for the best deals and are expected to buy online and flock to discount stores and outlets, Goodfellow adds.
In Oregon and Washington, BIGresearch found that consumers plan to spend less than average this year. Consumers in these states are more budget-oriented, likely to shop in non-traditional places such as crafts and fabric stores thrift shops, online and from catalogs.
“Our baseline forecast calls for a continuation of slow growth in terms of economic activity, jobs, incomes and sales,” says Oregon state economist Josh Lehner. “We expect [holiday] sales and hiring this year to be slightly better than last year.”
Thursday, July 03, 2014
BY TED AUSTIN & MIKE BAELE | GUEST CONTRIBUTORS
The Office of Economic Analysis announced that Oregon is currently enjoying the strongest job growth since 2006. While this resurgence has been welcome, the lingering effects of the 2008 “Great Recession” continues to affect Oregon businesses, especially with regard to estate planning and business succession.
Wednesday, July 02, 2014
BY JESSICA RIDGWAY | OB WEB EDITOR
Dress for Success Oregon promotes the economic independence of disadvantaged women by providing professional attire, a network of support and career development tools.
Friday, August 15, 2014
In this week's poll, we asked readers: "Who should pay for the troubled Cover Oregon website?" Here are the results.
Thursday, July 31, 2014
BY MARY SPILDE | OB GUEST CONTRIBUTOR
Faced with the aftermath of the “great recession,” increasing concern about the environment and dwindling family wage jobs, we have some very important choices to make about our future.
Tuesday, August 26, 2014
BY DEBRA RINGOLD | OP-ED CONTRIBUTOR
Why has six years become an acceptable investment in public undergraduate education that over-promises and underperforms?
Tuesday, July 08, 2014
BY LINDA BAKER | OB EDITOR
The New Yorker recently published a sharply worded critique of “disruptive innovation,” one of the most widely cited theories in the business world today. The article raises questions about the descriptive value of disruption and innovation — whether the terms are mere buzzwords or actually explain today's extraordinarily complex and fast changing business environment.
Update: We caught up with Portland's Thomas Thurston, who shared his data driven take on the disruption controversy.
Thursday, July 10, 2014
BY TOM COX | OB BLOGGER
Tom Cox interviews Dr. Mark Goulston, author of Just Listen, Discover the Secret to Getting Through to Absolutely Anyone.
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