Twenty-five retailers including Hennes & Mauritz AB and Inditex SA pledged at least $60 million over five years to monitor safety in Bangladesh factories ahead of a midnight deadline to sign the accord after a building collapse that killed more than 1,100 people.
Retail sales in the U.S. holiday shopping season may rise 3.8 percent to a record $469.1 billion, higher than an earlier forecast, helped by strong traffic on Black Friday, the National Retail Federation said.
Employment by retailers slumped the most in more than a year last month, hurting growth in the U.S. job market, as higher payroll taxes and concern fiscal policies will reduce consumer spending prompt companies to trim costs.
For years, publishers could count on bored shoppers waiting in the checkout line to pick up a magazine, get engrossed in an article, and toss it into their cart alongside the milk and eggs. Then came “mobile blinders.”