Retail sales rose in December as frigid temperatures prodded Americans to buy discounted winter clothing and shop online for the holidays, capping what may have been the strongest quarter for consumer spending in three years.
Ask a bunch of New Yorkers where they spend their money: apartments, cars, vacation lodgings, maybe designer handbags. In the new American “sharing economy,” these can all be enjoyed at a fraction of their normal cost. Just not if you’re a New Yorker.
Marks & Spencer Group Plc Chief Executive Officer Marc Bolland doesn’t make as much money selling clothes as smaller rival Next Plc. To soften the blow, some investors would like him to mimic his competitor’s record on giving back cash.
The biggest gun-control fight next year is shaping up as dueling ballot initiatives in the state of Washington, a continent away from the Connecticut elementary school where a mass shooting ignited a national push for tougher firearms laws.