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|Monday, October 31, 2011|
Macy's Inc. and Target Corp. announced plans to open some stores at midnight on Thanksgiving, getting the earliest start to the holiday shopping season ever. With analysts predicting only modest sales gains, the season is likely to be highly competitive for store chains.
The National Retail Federation earlier this month forecast that U.S. retail sales would rise 2.8 percent in November and December, excluding cars, gas, and restaurants.
The fight for sales is likely to be more intense this year for chains that cater to middle-income shoppers who are ready to spend more, but will still be careful with their money, raising the stakes for a good start to the season for discount retailers and department stores.
"We expect significant competition in the moderate market and in electronics," Richard Hastings, a Global Hunter Securities analyst said, noting that it costs little to keep stores open a few more hours.
While store hours can vary by chain and by location, most chains opened their doors at 3 a.m. or 4 a.m. on the day after Thanksgiving last year.
But opening times have gotten earlier and earlier in recent years, inevitably leading to midnight openings.
Last year, the NRF found that the number of people who began their "Black Friday" shopping at midnight had tripled to 9.5 percent of shoppers.
Read more from Fox Business.
Wednesday, July 09, 2014
BY LINDA BAKER | OB EDITOR
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Friday, August 15, 2014
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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.
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.
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, July 01, 2014
BY HANNAH WALLACE | OB BLOGGER
Demand for organic food continues to soar: Last year, sales of organic food rose to $32.3 billion — up 10% from 2012. In Oregon, organic produce wholesaler Organically Grown Co. has been championing organic growing methods for four decades.
Monday, July 14, 2014
BY TERRY "STARBUCKER" ST. MARIE
I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.
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