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Fresh update on "national retail federation" discussed on Balance of Power
"That's in payments Fulfillment or logistics or the way in which they connect socially and in a digital world. I think that's where we're going to see what the next phase of retail really looks like this renaissance as we come out of the pandemic. I think that's really excited. Did you have a general sense of where we are in that Renaissance Because for the longest time, it was all. Let's be frank about Amazon, everybody things online. And then you saw really WalMart step up and make some big acquisitions move into it, and increasingly seeing retailer to reach a really beefing up and making huge strides. They're online. You have a sense Are we 25% of the way 50% 70% away How far we in that renaissance as you call it? Yeah, well, you know, I heard someone say this recently and say maybe we're in the third inning or the fourth inning, but the way 11 bit of little data pointers from context, David if we went back to the recession 10 years ago. In 2009 and 10. In each of those years, we averaged more than 400 retail bankruptcies in each year, so over the three years it was almost 1000. Bankruptcies in retail. Over the course of 2020. That number was only about 50 50 or 60. The overwhelming majority of those were restructurings, not liquidation, so the industry is healthier than it was a decade ago. Consumers are healthier and I don't think we can overstate the impact of the 2017 Tax Reform Act, which made it possible for retailers who pay the highest corporate rate more than 35%. It takes some of those savings when the rate was lower to 21% and reinvest that in their businesses. I think that's one of the real reasons. We didn't see more failures this last year because retailers got healthier they made smart investments. Ready to meet consumers where they are, as we go into this next base. One of things we hear a lot about is not just how much money is in the system, but also the possibility of inflation are there's some cost pressures they're showing up for retailers, whether it's labor costs, whether its input costs the cost of goods and can they pass those along? Well, I think certainly we're going to start seeing input costs and we've seen shortages A year ago. There were stock outs for different reasons because consumers will hoarding. But now we've seen things change to the point that we know all kinds of input. Goods are in short supply. And so businesses are out there trying to find the things they need. To serve their customers in different ways. I think that remains to be seen. There are a lot of moving parts here. There's still several trillion dollars that we pumped in five or six trillion in the last year. There's still a couple of more trillion that hasn't really been applied yet. You're seeing some strange outcomes. Things like putting $450 billion back into state aid. And then the state like California has a $75 billion surplus. And so I think we have to see how some of these things play out. Before we're really going to be able to predict what the future looks like. I think one thing we know for sure, consumers are starting to open their wallets as the economy reopens further. Maura of these restrictions get lifted. See people resuming their pre pandemic behaviors. I think we're in for blockbuster summer, and it's going to be exciting to see how retailers continue to serve. Those customers take care of their team members and the help drive our economy forward Matthews one thing to have to pay some or for some of the inputs whether you can pass along that it's another thing. If you just can't get the and puts it all when we're seeing it, for example, and semiconductors right now in the auto industry, are you seeing in retail just some total breakdowns. Of some supply chains. Well, I think you know when, when the stories get written and the case studies get rid in a decade or or maybe in a couple of years from now. On the way. Retailers in particular responded kept the economy moving kept those distribution centers open work through their supply chain challenges. I think we saw the supply chain Bend. Last year. But sitting here today it's hard now to recall The remarkable work that those millions of retail employees did to keep our communities running. And when many of us were locked in our homes for weeks, the time afraid to go out fearful of what we didn't know. About the pandemic. The retail industry was on the front lines there, and I think what we're seeing now is the rebound of the supply chain Retailers obviously worked with their partners learned an enormous amount last year. Had the opportunity. We saw a great holiday season we've seen the last couple of months of amazing performance in terms of retail sales are forecast for this year, 6.5 Day and a half percent growth. We feel very confident. We're on track to meet that, based on consumer behavior, and based on the overall strength of the economy, Like always, they're happy to be able to go back out to the store again. Thank you so much to Matthew Shay, He's president, CEO of the National Retail Federation Coming up we're gonna hear from the discovery and 18 t CEOs on their big deal. What led to it and what comes next. This is balance of power on.
Fresh update on "national retail federation" discussed on Balance of Power
"Retail guru. And she is, of course, and Mitch Anderson. Emma, What are we seeing a retail Exact much, David. What a title, the all of those and things that, he said, having a pretty good day in terms of the figures that they put out there and all of them beating on that key retailmetrics of same source of same store sales, something I talk about a lot of their time, though. What we've heard from the company's not really being reflected or not really being rewarded in the market. At the moment, we're still looking at Wal Mart in the green and seem to for Mrs, but only just Home Depot. They're being punished a little, and I think that is down to the fact. That. They said that that sales boost that they saw very much a product off those stimulus checks. And they also failed to offer any updated guidance. And that is something that we saw both Missy's on warm or more mark doing. Of course, they would have benefited from that stimulus cash to warmer, interestingly going so far as to say, we don't normally update guys that this part of the year but we really wanted to be, as they said, clear with Investors. Investors in Wal Mart really clearly very impressed, not least because of that strong sales in the first quarter because of the comparisons with a year ago when we saw a lot of stockpiling. Remember, of course, that the largest part off Wal Marts business is it's grocery that also impressed without changing shape of the balance sheet at warmer and we're seeing that in the sense of what's happening with e commerce. It is a growing business. Really growing pretty rapidly in the first quarter, that sort of gain of some 37% David exactly. We're talking a lot about base effects these days, but it was thought going into this that maybe Wal Mart and to some extent, maybe Home Depot's well would have those fighting against it. And in fact, they did perfectly well even with the really strong sales last week, the same time we're talking three very different entities right, a department store in Macy's and Home Depot That's for home improvement, and we've got Walmart. What does it tell us that all three of those did so well? Particulars? You're about to get ready to interview the See your masons. I am. Yes. Lots of questions for Jeff Gennette Elated this afternoon. I think what it tells us is really We are seeing a very strong consumer and perhaps it consumer who is feeling very confident to go out on spend. Certainly we heard on the earnings call from Jeff Gennette that he hadn't expected the piece of vaccinations that we've seen in the U. S. And for that to have such a material impact. On the business. Clearly, people if they've had their vaccinations, feeling more confident, able to out and shop, also citing the return of travel. This seen lots of people going out and buying more suitcases, which also speaks. Of course to that confidence. He did say, though he's a bit unsure about international travel probably won't come back until about 2022 that is interesting for Macy's, because about 4% of their revenues. Do you come from those international travelers? Who, of course, flock to New York and to Herald Square on? Of course, Bloomingdale's just around the corner from the Bloomberg officers welcomes Macy's owns them too. Yeah, we hope they'll come flocking back. Has he been gone for a while? Thank you. So much for bloomers and Machado reporting on retail. Emma, as she just mentioned will be speaking to Mason CEO. Jeff Gennette. That's coming about three p.m. eastern time here on Bloomberg, for a view from the retail industry itself. We welcome now, Matthew Shay. He is president of the National Retail Federation. So welcome. Great to have you here. It looks like it's all coming up roses right now. Well, I think what we're seeing is the impact of all this pent up demand and all the stimulus is in their consumers have not been able to put money in certain categories. Because some parts of the economy we're not fully reopened. So they've got saving sitting on the side. You and I talked a little bit ago about that $2.5 trillion sitting in bank accounts or pay down debt. Consumer credit that things like that so consumers across the board and we have to recognize still millions of Americans unemployed families that are better not doing as well as we'd like them to do, but in the aggregate American consumers very healthy and you're seeing that come to play. I think, as you and images discussed. The noteworthy thing here is we're going against really tough cops from this time last year when people really were stockpiling in March and April. And still beating those on a year over your basis. That's really impressive performance. What do you members think about what's coming down the pike? Because we hear a lot of talk about a lot of money sitting in the balance sheets of households. There may be a lot of money that hasn't been spent yet. Actually, people are talking 2.5 even $3 trillion I think that's the thing that as we go back to some of our pre pandemic behavior, how are consumers going to take that pent up demand those savings and the things that they've been accruing and put that work in the economy and what's the balance going to be like? Between goods and services or between sort of the durable things or the consumer products and service economy, And I think that's where we'll see. Retailers really be able to demonstrate. Way they've evolved and meet the new needs and expectations of customers in this digital this virtual world, delivering things in a blended hybrid way, giving them new services, making things more convenient whether.
Nationwide face mask and safety standards for workers still under consideration
"Requirements to prevent the spread of the virus in workplaces in this economy should be said here we are 54 days into the Bible administration. Which on day two directed Ocean issue. What are called emergency temporary standards Basically, Emergency safety rules specifically for this disease, and they're expected to come out in the next week or so. From the workplace. Culture desk marketplaces Meghan McCarty Carino has more ocean never issued binding safety rules for covert 19 under the previous administration. Instead, the agency just made recommendations to follow CDC guidelines. It were open to interpretation, says Debbie Berkowitz, with the National Employment Law Project. Words like Consider Protecting workers do this, If possible, Berkowitz says the risk of another surge is rising as the country reopens and OSHA doesn't have. The resource is to police every workplace. Oh, she is a very small agency. It would take OSHA 165 years to get into every workplace under its jurisdiction. One so it's not like it's going to be running around and inspecting. David Michaels, who headed OSHA during the Obama administration says a scent of binding national requirements will make it clear to employers what they need to do many, many more employers going to follow those basic precautions that we know we're successful. Things like employee training, improved ventilation and mask wearing, perhaps even requiring, and 95 style respirators in high risk work places. But some business groups are concerned about overly prescriptive requirements as employers struggle to make costly adjustments amid economic uncertainty. Edwin Iggy is with the National Retail Federation. Retailers. We've implemented mask mandates. We've done social distance, saying we've installed Plexi Glass. We've installed filtration systems. We've increased the frequency of cleanings. We've done all these things, he says. Locking in one size fits all requirements beyond that would be too rigid, especially with vaccinations, ramping up and infections falling. National Retail Federation has already sued California OSHA over its standards, and it's likely a national standard would also end up in court. I'm Meghan McCarty, carino for Marketplace. Come on.
Trade group: Retail sales should grow 6.5% to 8.2% this year
"Nation's largest retail trade group, is forecasting strong sales growth this year as more folks received the Corona virus vaccine. NPR's Alina Selya reports. The National Retail Federation predicts that American shoppers this year will spend more than $4.3 trillion. The group says retail sales will grow between 6.5% and 8.2%. The highest rates seen since 2004 that cover spending at stores but also on cars, gas at restaurants and bars. And the forecast is rooted in the idea that more people will start spending the money. They've been stashing away while cooped up during the pandemic. This year's growth would also build on the huge jump and spending that happened in 2020 despite the global crisis, when people spent heavily on home renovation, sports equipment, groceries and lots of online shopping.
holiday sales up 8.3%
"Record online holiday spending is we're getting all the headlines, but overall holiday sales were also up. The National Retail Federation says holiday retail sales were up 8.3%. More than double the increase in
Holiday sales tick up as shoppers invest in their homes
"Retail sales increasing a modest 3% during a longer holiday season this year as homebound shoppers spend more on furnishings and food, but unless on jewelry and clothing items increase, falling short of predictions from the National Retail Federation Which had expected sales to rise between 3.6% and 5.2% this year, compared to
Holiday shoppers shift spending habits during pandemic
"Amount of holiday shoppers out this weekend. Comas Co. Miller spending some time last night in Lynwood area was amazed what he was seeing packing. The parking lot at older would maul the race to get those last minute holiday gifts to sum up how it looked. Just ask around crazy, Very crazy packed. I mean, we really don't see socialistic or anything. It's super crazy. Inside the consensus was the mall itself could have been doing a better job of keeping an eye on how many people were coming and going. According to the malls website, the number of shoppers is being monitored in real time. Well, the covert 19 pandemic hasn't gone anywhere. The National Retail Federation estimates that 150 million Americans planned on shopping this Saturday. That's up from 148 million who shopped that same day last year, checking on some sports right now I'll check out the
Large Holiday Crowds At Houston Malls
"Rages rages on, on, but but you you wouldn't wouldn't know know it it by by the the amount amount of of holiday holiday shoppers shoppers out out for for the the weekend weekend of of you you looking looking at at area area malls, malls, almost almost called called Miller Miller has. has. He He went went among among shoppers shoppers last last night in Lynwood, amazed of the crowds he found. Hacking the parking lot at older would maul the race to get those last minute holiday gifts to sum up how it looked. Just ask around around crazy, crazy, very very crazy crazy packed. packed. I I mean, mean, we we really really don't don't see see socialistic socialistic or or anything. anything. It's It's super super crazy. crazy. Inside Inside the the consensus was the mall itself, could have been doing a better job of keeping an eye on how many people were coming and going. According to the malls website. The number of shoppers is being monitored in real time. While the cove in 19 pandemic hasn't gone anywhere. The National Retail Federation estimates that 150 million Americans planned on shopping this Saturday. That's up from 148 million who shopped that same day last year. Meanwhile,
Washington Post Black Friday, Cyber Monday sales disappoint, another sign the economic recovery is stumbling
"49. Retailers are reporting disappointing sales numbers for the five days tracks that includes Black Friday and cyber Monday. The National Retail Federation says shoppers spend an average of about $312 on holiday related purchases from Thanksgiving to cyber Monday, a 14% drop from last year. The number of Ian Store shoppers on Black Friday was down 37% from last year, while the number of online
Black Friday crowds thin as shoppers go online to avoid virus
"Out. out. There's There's just just not not as as many. many. There's There's not not a a lot lot of of chaos, chaos, the the frenzy frenzy that that we've we've seen seen in years past that's not there. If anything, the pandemic is more just paving the way for people and businesses to start really opting for online shopping, And we really saw that this year, maybe even more than in years past despite baby the lower turnout, then normal physically, the National Retail Federation projects how Today sails across the country will actually increase this year. I have to 5.2% We talked with shoppers on a different black Friday shopping spree is usually a group of seven of us way go, but with the pandemic we didn't do that. We are trying to avoid mass crowds. We're not going out to a bunch of stories like we normally would just the one and that was this intimate that we heard from talking with shoppers a lot more calculation, a lot more buying online and then coming to pick up a big trend. Don Imus have seen throughout the pandemic. That's Cuomo's Patrick Quinn reporting There is a push in Snohomish County aimed at getting people to shop locally this holiday
Black Friday online shopping on track to hit record as holiday shoppers skip stores
"Friday than we're used to. Thanks to the Corona virus. Pandemic stores were a lot more relaxed. Not that they're not turning out. There's just not as many. There's not a lot of chaos, the frenzy that we've seen in years past that's not there. If anything, the pandemic is more just paving the way for people and businesses to start really opting for online shopping, and we really saw that this year will be even more than in years past despite baby the lower turnout, then normal physically, the National Retail Federation projects Holiday sales across the country will actually increase this year. I have to 5.2% we talked with shoppers on a different black Friday shopping spree. There's usually a group of seven of us Way go. But with the pandemic. We didn't do that. We were trying to avoid mass crowds. We're not going out to a bunch of stories like we normally would just the one and that was this intimate that we heard from talking with shoppers a lot more calculation, a lot more buying online and then coming to pick up a big trend economists have seen throughout the pandemic that school most, um Had Patrick Quinn reporting a restaurant owner
Black Friday in a Pandemic Means Fewer Shoppers, Deals
"Deals but many still showing up in person. Even during a pandemic. More people keep coming. A lot of us have been here for last. Like six hours. People were waiting outside Willowbrook Mall in Wayne for stores to open this morning despite a survey by the National Retail Federation showing fewer than half of Americans plan to shop in person on Black Friday. I'm doing a person since we've been inside so much came out 12 o'clock until buy me a PlayStation. I want to make me some money. I'm Sara Lee Kessler for
Black Friday 2020: Shoppers flock to Citadel Outlets for deals despite pandemic
"At the Citadel outlets here in Southern California. Shoppers lining up with masks on outside and hearing L. A county's new rules restricting numbers inside of retail stores. Kristina Barrera is out shopping long way so keep social distance between us. In the other shoppers. I think it's fine in the National Retail Federation expects sales to increase this year is people use money that they would have otherwise spent on trips that never happened during the
Thanksgiving Day online sales hit record $5.1 billion, Adobe says
"Or in shopping this holiday season, most are just doing it online Adobe analytics reports. A record high of $5 billion was spent via the Internet on Thanksgiving. That's 22% more than the same day last year, the National Retail Federation estimated how they sales will rise as much as 5% this year despite the pandemic. Intelligence
Black Friday draws smaller crowds due to online alternatives amid pandemic
"There are far fewer crowds inside the stores this black Friday. They're not going to see me. I'm not going near the stress too many people. That woman in Boston at a mall in New Jersey correspondent Nicky Batiste, this ability is a striking contrast to Black Friday's of the past. Pre mask and pre pandemic when shoppers elbow their way through packed House shopping may look slightly different this black Friday, but people are spending more than last year. The National Retail Federation predicts holiday sales could increase by more than 5% this year despite the
How stores are changing Black Friday for the pandemic
"In normal times. There's a chance you'd be listening to this podcast while standing in line at the mall or at a store hoping to get a good deal on black friday but during the pandemic this annual retail tradition could look quite different from what we're used to for what to expect. Today let's bring in our retail reporter. Suzanne cap ner is suzanne. good morning. Hi mark how are you. I'm doing well. So i'm thinking about all of these friends and relatives. I know who in the past have gone up early for those early morning. Sales at the stores themselves. Is this even an option. This year will the malls and the big box stores. Even be open know. The stories will be opened friday. They're not going to be doing the typical early morning doorbusters in in the same way. They have done in past years mainly because they have been stringing. Those deals out through the month of october. Black friday. Shopping really started in october this year. With a lot of companies offering black. Friday type deals for the past few weeks. So you're gonna see fewer of those you know early morning you know have to get limited supply. Type deals for one thing. You know stores don't want they can't handle the crowds. They're not trying to get their stores stuff with shoppers. This year the way they have done in the past. They have to be careful about that. Well let's talk about crowd size and safety. This is going to be very important this year. Most retailers i talk to you. They're all adhering to the capacity limits set by local state and local governments. And as i've been out at the stores in recent weeks. I do see lines. you know. And and and stories being very careful. And how many people. They let in and that will hold true on friday as well. And you know. They're all adhering to this social distancing in the store and they're they're really trying to keep their store safe in part because they want to show government officials that they can. You know stay open. They don't want to be forced to close again the way they were in the spring. Let's talk about sales for a moment. Our retailers planning to offer in store bargains be sales. It's a very promotional time of year. But there may not be the deep deep discounts. We've seen in recent years so in heading into the season a lot of chains have actually scaling back. Promotions either offering fewer promotions or discounts. That are not as deep and one reason. They've been able to do that as they just have less inventory during the spring when everything was shut down. They were cancelling orders. And they just didn't restock were they. Were very careful about how they restocked. And so there's just less supply in the system. We're going to have less stuff to clear out meaning. Unfortunately for consumers there could be some higher prices as we've talked about on the podcast. We have seen this big shift to online sales amazon. Prime day in october will black friday then be taking on more of an online presence the sheer there's no doubt online is going to take a bigger share. The national retail federation expects online sales. This holiday season to a could be as much is a third of total holiday sales. So that's happening. Retailers are preparing for it. And they're actually you know they're trying to let consumers know if you're going to buy holiday gifts online do early because the cutoff for free shipping is going to be earlier this year. Because everybody's afraid of you know a bottleneck as we get closer to christmas. So that's something to keep in mind and you know in terms of online versus in store. Promotions they're not that different they a lot of companies. Try to keep them pretty similar and this leads perfectly to my next question. I'm curious about looking at things from the retailers perspective as we have seen in some places with some items supply chains have been stretched leading up to today. Have they made changes to how they're handling inventory or even deliveries. You know for a lot of the items that people tend to buy and black friday. You know apparel toys. Maybe like some items for your home. I'm being told that supply chains are moving freely. The factories are open in asia. There isn't really a backup or a major problem. Imports have been coming in at record levels at the us ports. Where you might see. Some problem is in items that are in super demand whether it's specifically stuff for the home types of like obviously peleton's hard to get athletic type equipment anything where there is like very high demand there could be shortages but for the the bulk of the items. There shouldn't be a problem and finally suzanne. What kind of expectations have retailers set for themselves. The retail trade group came out with numbers this week. They're expecting a holiday season somewhat in line with the past few years they say sales are going to rise somewhere between three point six percent and five point two percent that compares with four percent last year over the past five years sales have risen on average about three point five percent so they are expecting a pre good holiday and their thesis. Is that yes. It's true there. There are a lot of americans who are out of work and people are struggling but there are others who have not been traveling or spending on experiences. And they're they have more disposable income and the hope is they're going to get out and spend this holiday.
Retailers Change Up Black Friday Deals To Keep Shoppers Safe
"Many businesses did not make it to this black friday. Maybe you've seen them shuttered in your neighborhood but those that have endured until now may be in position for a big holiday shopping season though. It definitely not safe to push your way into a crowded store just about anything can be delivered to your door if it's a gift. Hopefully that is done discreetly. Npr retail correspondent alina. Seljuk is covering the story for us. Good morning good morning. What do retailers expect big picture across the board. I'll surveys are suggesting. The majority of americans plan to shop in store or online this week or next and forecasts suggest. Were actually in for a record setting holiday shopping season just address. I always get this question about black. Friday is a dead and every year. I come here and if you like declared dead and then get a bunch of annoyed messages from people who love not just want to say. It's just no longer at that obsession with this one single day of the year. You may have heard these ads weeks ago this year walmart. Turn black friday into deals for days. Starting saturday november seven this year targeted black friday deals all november. Actually sales began as far back as tober in some cases so a lot of people have already started their holiday shopping. And don't intend to stop okay so we should really think of it as black friday's or black friday sales holiday. This is mainly happening online. For safety reasons. I assume by far the vast majority do say they plan to shop online on their phone screens. Because the big thing that happened this year we got a lot of people becoming online converts for the first i and especially thinking things like grocery health and beauty products stuff that we used to have to see i will. Here's vivek pandya tracks online shopping at dobie digital insights about thirty one percent of consumers reporting that they rarely shopped online or had never shopped online before and covert pandemic was essentially a forcing function. And when you think about physical stores every year the international council of shopping centers does a shopper survey and this year even this group is reporting a big drop in the number of people who say they plan to physically go shopping but in that survey almost two thirds of respondents said they did plan to go shop at a physical store. It's a lot of people and stores are adjusting. You know they're requiring masks. They're counting customers again to limit crowds and they're drawing attention to the cleaning measures which like unglamorous thing stores usually like distract from. We'll now you've got you know sanitizers front and center however people shop. What are they shopping for. Classic stuff close. Get guard stores. Electron ix smart. Tv's home speakers that sort of thing for years. We watched this shift toward experiences rather than things this year. We're back to things you know until we can start jumping back into massages classes or whatnot and especially talking things for the home where we're spending all this time now. More holiday decorations to check out houses books and crafts to occupy time. My favorite hot for the cova time is apparently air. Fryers are big for all that comfort food. So many families are still struggling financially. We hear about that every day. They still seem to say they want to feel special. The wants to celebrate the national retail federation predicts on average. Shoppers are going to spend almost a thousand dollars gifts food decorations and other holiday things which is only a little bit less than last year when the economy looked extremely different leading. It's always a pleasure talking with you. thanks thank you.
Retail’s Holiday Season Hangs By A Thread As Consumers Will Cut Spending
"Well, guys, according to the latest Gallup poll, we're going to spend less money this year on holidays actually over to spend about $805 this year. That's what the poll says. Compared to $942 last year. That's the lowest October holiday spending projection. The gallop is measured since 2016. That's a 15% drop. And that points to a really weak holiday sales season for retailers, so this strong tilt towards less spending. This we're seeing right now is pretty typical of consumer buying habits during a recession or during slow economic times, but completely opposite of what the last three October's were. In the last three years. But again, Hashtag has covert implications on our economy. Well, let's put it this way. Holiday sales typically increase year over year about 3 to 5% 5% of those good years. That's according the National Retail Federation. Since the year 2000 holiday sales have been worse than that on Lee twice. In 2000 and eight during the great recession and in 2009 when the economy was still recovering from the great recession retailers you better
Pandemic impact on Black Friday shopping
"Is the first year at that. Most of the stories about black friday are being done about what's happening online this year keeping packages a secret may be challenging. You wanna make sure. There's enough time for shipping actually being called ship and get it and i think what sometimes people might not realize is even though we see all of this online shopping and we're certainly seeing a huge amount more of it this year than last twenty to thirty percent more over black. Friday are the expectations. They're still by and large more shopping happening in stores. So even though this year we will see online shopping up. Twenty to thirty percent and in store shopping down about five percent about two thirds or even three quarters of the full dollars spent over. The holidays will actually be spent in stores of analysts are right and analysts by the way are expecting this to be a strong holiday. retail season. the national retail federation. Expect spending to be up anywhere between about four percent and five percent this year. A number of estimates say that overall retail spending over the holidays will top trillion dollars. But are we gonna see the sort of sales like is it. Is it like morally acceptable this year to have your big doorbuster sale out of people gathered outside like the. That's still happening where people just want to shop anyway. A lot of the major retailers have said. We're not doing that anymore on thanksgiving day and they're going to have a lot to deal with on black friday on the traditional black friday when many will open their doors when stores open if you do go to the store bring patients because there'll be strict limits on the number of people allowed in each store Mascow required it. Also social distancing will be enforced. And i think it will be a much more orderly black friday than years past. Which doesn't necessarily get your heart beating as quickly when you when you when you wait in line and then you're sort of orderly let into a store in small numbers at the same time where you're going to see a lot of the quote unquote doorbusters is online doorbusters. If you truly want the best price a big factor is when to by many deals are live as we speak or dropping like wednesday night of this week and that's really changing the sheep of shopping people don't need to go to stores anymore and i think that's just more of what we're going to see in the
NRF expects holiday sales will grow between 3.6 and 5.2 percent
"Even more holiday spending this year than last. That's what the National Retail Federation is predicting. Despite the pandemic cutting into in person shopping, it's predicting an improvement in sales in the range of 3.6 to 5.2% compared to this period in 2019. It's also predicting online and other non store sales jumping as much as 30% offsetting any brick and mortar losses. The federation's chief economist reasons that since people aren't spending their money on travel and entertainment They have more to spend on shopping
"national retail federation" Discussed on Biz Talk Radio
"One two nine zero the national retail federation reports Americans will be spending a record seventeen point two billion dollars on the Superbowl this year he was saying John Clements has more as the forty Niners prepared to face the cheese to the Super Bowl in Miami the national retail federation reports the strongest sales figures of nearly one hundred and ninety four million adults spending an average eighty eight dollars and sixty five cents I spoke to Catherine Cullen at the national retail federation in Washington what most consumers are planning to buy food and beverages your letter they're planning to attend a Superbowl party or throw one themselves the drinks and entertainment are a big part of this event at about eleven percent say they will fight team apparel three I decorations or you know a new furniture that you watch the game from I'm John Clemens the virus outbreak in China has gotten worse with the death toll now up to at least twenty five and more than eight hundred people second there's no one second suspect case in the United States a Texas a and M. student who recently returned from China in Wuhan China with the first virus emerged police barricaded roads blocked access to trains and put the airport is shut down in an effort to contain the virus Chinese authorities are ordering similar shut down in the nearby cities of Guangdong and Joe affecting nearly twenty million people for USA radio news on when the king don't let anyone America's best days are behind you got to fight because I believe with all my heart this nation is in fact one nation under god welcome back we just remind all of you again after that last interview man if you guys are doing American ministries you're out of your mind I'm just don't your your your added your mind you.
"national retail federation" Discussed on WBZ NewsRadio 1030
"The national retail federation started tracking these kinds of things a psychedelic spiritual guru who teamed up with Timothy Leary back in the nineteen sixties has died why bother Rahm das who promoted psychedelic drugs as a path to inner enlightenment and spiritual rebirth has died at his home in Maui he returned from a trip to India wearing a white robe a bushy beard and no shoes on his feet to become a new age lecturer and author his book be here now sold more than two million copies his family says Rahm das born Richard Alford was eighty eight years old ever Rodriguez CBS news you're listening to WBZ ten thirty one oh seven point nine two available everywhere with the number one for podcasting and on hundreds of devices like a like a little home Xbox and so on easy Boston's news radio I heart radio station addresses the climate crisis during the MSNBC democratic presidential debate person on this stage will say that climate is the number one priority for me it's a state of emergency declared a state of emergency Dave if you were waiting for Congress it's not done Congress has never passed this is a problem which continues to get worse we have to do this I also know that can do this I spent decades fighting and leading oil companies stopping fossil fuel plants ensuring clean energy across the country we can do this and create millions of good paying jobs and we can use it to renew old the United States is this country together we take on the biggest challenge in history we save the world and we do.
"national retail federation" Discussed on AM 970 The Answer
"The national retail federation expects sales increases between three point eight and four point two percent over last year it sees catalog sales jumping as much as fourteen percent adobe analytics says even with the shorter season online sales will be up just over fourteen percent this year compared to last I'm Tim acquire stocks edited abbreviated session of trading Friday with losses the Dow fell a hundred twelve points the SP was down thirteen the nasdaq lost forty trading closed earlier than usual on Friday which was a half day for markets following thanksgiving this is Tom overcome a US cryptocurrency expert is under arrest for violating sanctions against North Korea by traveling there to share his expertise about dating global banking roles federal prosecutors in New York say Virgil Griffith was arrested Thursday at LAX airport the thirty six year old American citizen lives in Singapore the government says he was denied permission to go to North Korea in April to speak at a conference but he went anyway and talked with other attendees about how North Korea to use crypto currency technology to invade sanctions prosecutors also say Griffith later began formulating plans to facilitate the exchange of crypto currency between north and South Korea despite knowing that assistance would violate sanctions Julie Walker New York Oklahoma police chief says an officer about Starbucks for nine one one dispatchers working on thanksgiving only to find that the word pig was printed on the cops labels Starbucks said the worker wrote the word has been fired telecom every.
"national retail federation" Discussed on Pop Fashion
"The new tooth gets put into my mouth tomorrow. And I'm going to have a milkshake for dinner just because and then it'll all be over. All right. That's good news. But enough about me, we have many housekeeping items for the show we do. We have fun announcement right off the top Lisa. I as pop fashion are going to the national retail federation big show. So excited about it. I don't know what that noise was that. I just made. But okay, I'm excited to January fourteenth through the sixteenth week to go to this event as press it's a big conference where all we get to do all day. Listen and talk about retail what we're just going to be fuelled on like coffee and slices of pizza and grain alcohol, lease, I am I don't know what you're going to feel yourself on because you can't have any of those right now, but it's going to be water and rice cakes. That sounds really fun. I'm going to be up last spend time with heavens. We're gonna spend five days subsisting on law greens. At any rate. What we get to do is attend all these wonderful conference sessions. Listen and learn about retail what's happening right now. What's going to happen in the future? And then we get to report it all back to you. We are the ruled to go also I'm gonna be able to see Lisa for the first time in forever in New York City for the first time in almost a year by that point. Yeah. And it's not just that we go to the show we get to record at the show. Yes. Which is exciting because one it'll be the first time we've seen each other in a long time to be able to do this in person, but it's our first on location recording. So I'm super excited. Stay tuned for deeds. I don't know we might hang out in New York a little bit. Bob veggie goes to New York twenty eighteen road trip except Mather of us are going to drive Manhattan. We're not fool I'm going to get on a plane and just wandering. So that's very exciting. Another announcement. And for the longtime listener you will be excited at the return of the QA episode. I'm gonna look at the calendar right now. And you wanna get your questions in by because we are doing a little late night quarterbacking here, that's not how that expression goes. You know, how it is? So if you okay so for new newcomers twice a year because I'm a loser. And I leave town and I go off line. We record an episode in advance. So that you guys don't miss a week of an episode because I am gone in preparation for our Christmas break to leave you episode. We record acuity episode where you descend as questions about fashion life stuff and we tire. To answer them. We choose the selection. We answer them on the show and the whole show is Q. A it's one of my favorite things to do..
"national retail federation" Discussed on News Radio WGOW
"If they're fifteen dollars or less per item Then clothing and footwear This is crazy have got to be less than. Sixty dollars per item Last year in Florida Personal computers and computer accessories that sold for seven hundred and fifty dollars or less were included This year Not so much. Last year, they said computers printers Printer paper but. This year they're saying no. Those don't, qualify anymore So National retail federation says the average Florida family is expected to spend six hundred eighty four dollars this, weekend which will be down just a few bucks from last year maybe because the computer's not on the Bill clause will make up the bulk of back to school. Purchases and I don't know folders pencils calculators notebook paper crayons, so you go to the opposite applies doors they're going to be jammed because of fact that there's going to be a lot of people in their buying and souls and Calculators and notebook paper and crayons and razors and all that stuff so that's the kind of thing that makes this The, second busiest holiday shopping holiday in, the state of Florida the number. One is still black Friday the day after thanksgiving So Florida you're in on it Are you going are you going to I don't know does this make you get up and? Go by your school supplies this weekend if you're in one, of these Penn? State's for this weekend Maybe Massachusetts coming up next weekend paintball with the governor does And Texas Maryland and Connecticut will be later in the month of. August will that make you get up and go by your your schools by your back to? School I know I'm thinking here we are. Man we just barely bumped into. August it's still warm. Outside it's, sunny it's beach. Weather why are we doing back to school shopping so soon I'm sure? The retailers have lobbied for this to to. To get this whole thing done. Arkansas you have a. Six and, a half percent. Sales tax so you will save on that? But but The these legislators don't know how to retail in Arkansas what is. Tax free would be clothing and footwear right but they've, got to be less than one, hundred, dollars Clothing accessories what's that Less, than. Fifty dollars Not quite sure. What it's. All about let's see who else? Do, we have here Missouri your tax rate, is, four, point two. Two five same.
"national retail federation" Discussed on 850 WFTL
"You can't outlive and to save, the social security system it's really that simple and the goal of talking with congress is an important one because it is public policy that is responsible for addressing all of this And yet so often people think their congress does nothing or, that they're. The problem not the solution and in fact there are some occasions where congress does, the right thing does something really terrific and it's really important, that we aknowledge that wherever we can. And so I'm, very happy to welcome to the program congressman Derek Kilmer he's from Washington state's, six district I was, like to let, everybody realize some of the background on my guests that I, bring onto the program so let me share. With you that the congressman is the son. Of two schoolteachers his undergraduate. Degrees from Princeton his doctorate is from Oxford prior to joining congress he worked for McKinsey and later the Economic Development Board for Tacoma Pierce county congressman Kilmer was a state legislator before being. Elected to congress in. Two thousand twelve and he was awarded the US navy distinguished public service award which is the navy's highest civilian honor he was awesome A hero of main street. By the national retail federation congressman Kilmer thank you so, much for joining. Us today hey you bet good. To be with you so we spend a lot of time on this program talking about exponential technologies and how. Rapidly developing innovation is really changing pretty much every aspect of life in America one of those notions is the. Subject of game affiliation getting. People to do something, that's typically regarded as a chore and turning it into a game, because the. More fun we can make things the more likely we are to do them and, you wrote a very important piece of legislation in congress called, the prize linked savings account tell us. What that does Well it was based off of some research that found a couple of things I found that asset. Poor people will buy emerge Not surprisingly unlikely to save money. In fact oftentimes they didn't have a savings account And then on top of that the research found that people were. Disproportionately likely, to play the watery which makes things From a savings standpoint Research asked the question that, you just, heat up which is is there a way to take the excitement of gambling and playing the lottery and apply it to saving came up with this concept. Known as privately savings, and the notion was when, you start an account you, would.
"national retail federation" Discussed on News Radio 690 KTSM
"Can't outlive and to save the, social security system it's really that simple and the goal of talking with congress is an important one because it is public policy that is responsible, for addressing all of this And yet so often people think the congress does nothing, or that. They're the problem not the solution and in fact there are some occasions where congress, does the right thing does something really terrific and it's really, important that we acknowledge that wherever we. Can and so, I'm very happy to welcome to the program congressman Derek Kilmer he's from Washington, state's six district I was like to let everybody realize some of the background on my guests that I, bring onto the program so let me share. With you that the congressman is the. Son of two schoolteachers his. Undergraduate degrees from Princeton his doctorate from Oxford prior to joining congress he worked for McKinsey and later the Economic Development Board for Tacoma Pierce county congressman Kilmer was a state legislator before being. Elected to congress in. Two thousand twelve and he was awarded the US navy's distinguished public service award which is the navy's highest civilian honor he was awesome And a. Hero of main, street by the national retail federation congressman Kilmer thank you so much for joining, us today hey you bet good to be with you so. We spend a lot of time on this program talking, about exponential technologies. And how rapidly developing innovation is. Really changing pretty much every aspect of life in America one of those notions is the subject of gamification getting. People to do something that's typically regarded as a chore and turning it into a game because the more fun we can make things. The more likely we, are to do them and you wrote a very important piece of, legislation in. Congress called the prize linked savings account tell us what that does sure well it, was based offers some research that found a couple of things, I it found that asset poor people. Will buy emerge Not surprisingly unlikely to save. Money, in fact oftentimes they didn't have a savings account At all and then on top of that, the research found that poor people were disproportionately. Likely to, gamble and play the lottery which often The wrong direction from a, savings standpoint So this research asked, the question, that you just heat up which is is there a way to take the excitement of gambling and playing? The lottery and apply it to saving so they came..
"national retail federation" Discussed on WAFS Biz 1190
"Brit's work for jaguar land rover well over two hundred and sixteen million americans celebrated that's about eighty per seven eighty seven percent celebrated independence day yesterday they spent approximately seven billion dollars on food for cookouts a lot of that being greasy hamburger and hotdogs on picnics according to the national retail federation it's the fact that largest amount in the history of the fourth of july survey but down from last year's seven point one billion the reason for the decline include higher gas prices and the holiday falling in the middle of the week we'll have you been watching the world cup i have very interesting i always like watching the world cup did you know that there's a little game that goes on underneath the surface of world cup nike versus adidas in a world cup brimming with upsets nike looks on track to defeat soccer juggernaut and archrival adidas in the closely watched jersey sponsorship battle this slush decorates the outfits of brazil france and england the sides in the quarterfinals most favored by betting website to win the world cup plus koi shop well adidas also has some teams laughed in there but there's the nike and if we look at the two stocks all right nike had a huge week last week it's a member of the dow broke out big time i wanna say last thursday or friday could new all time highs on the other hand adidas add y y is hitting it's done about twenty five percent from blow us amid tied recently nike do is all right the thing stock you gotta talk about oh amazon mike von flex where.
"national retail federation" Discussed on WAFS Biz 1190
"And forty thousand british based employees forty thousand brits were court jaguar land rover well over two hundred and sixteen million americans celebrated that's about eighty percent and eighty seven percent celebrated independence day yesterday they spent approximately seven billion dollars on food for cookouts a lot of that being greasy hamburger and hotdogs and picnics according to the national retail federation it's the second largest amount in the history of the fourth of july survey but down from last year's seven point one billion in the reason for the decline include higher gas prices and the holiday falling in the middle of the week we'll have you been watching the world cup i have very interesting i always like watching the world cup did you know that there's a little game that goes on underneath the surface of the world cup nike versus adidas in a world cup brimming with upsets nike looks on track to defeat soccer juggernaut and archrival adidas in the closely watched jersey sponsorship battle this slush decorates the outfits of brazil france and england the sides in the quarterfinals most favored by betting website to win the world cup plus croatia well adidas also has some teams laughs in there but if there's nike and if we look at the two stocks right nike had a huge week last week it's a member of the dow broke out big time i wanna say last thursday or friday could new all time highs on the other hand adidas add y y is hitting it's done about twenty five percent from the low its high recently nike do i all right the bank stuff you gotta talk about oh amazon mike.
"national retail federation" Discussed on Marketplace All-in-One
"The better that's john done former co chair of 'em chams quebec chapter he says they represent smaller businesses that need to be able to ship things freely across the border we're trying to make the politicians realize okay guys you know this is a fact thing not just the big players but everybody some bigger companies are represented by groups like the national retail federation it's spent about a half million dollars this year lobbying on nafta issues and against president trump's tariffs lobbyist david french says they've met with officials at the white house and commerce department and members of congress talking house and senate leadership and many of them privately share a lot of our frustration with the direction of these very disruptive negotiating tactics french says the national retail federation has endorsed legislation that would give congress a say on presidential tariffs in washington i'm nancy marshall genzer for marketplace it may not always be apparent to us but economic trends here at home even positive ones can have negative effects abroad we're starting to see that in the connie's from brazil to china global markets are not responding well here to help us understand what's going on is crisslow chief economist with f t ten financial in new york good morning chris good morning sabrina can you explain to everyone how things improving here in the us interest rates rising growth accelerating how that puts pressure on the rest of the world yeah you you know we reached the point where our business cycle is is mature labor market is tight the unemployment rate at a forty seven year low the federal reserve of course is raising interest rates in the whole point of raising interest rates is to drain dollars from the financial system when the fed drains dollars from the system they don't.
"national retail federation" Discussed on AP News
"To the national retail federation the trade groups reiterating its forecasts for holiday sales to rise by up to four percent more than onethird of shoppers survey by the group had planned to make all their purchases on sale over the five days of thanksgiving to cyber monday that similar to last year end up from eleven percent in 2015 choppers so far showing a desire for he'll but they also appear to be buying on a whim the mercury search firm npd groups says seeing more impulse spending and self gifting digital media company buzzfeed is cutting 8 percent of us employees or about one hundred jobs as it changes its business model in a bid to boost revenue it's also cutting an unspecified number of uk jobs the company has seventeen 100 employees worldwide a spokesman for new yorkbased buzzfeed confirmed the layoffs on wednesday the layoffs were first reported by the wall street journal which said buzzfeed missed its revenue target for this year in a memo to employees buzzfeed ceo jona parretti's of the jobs being cut in the us were only on the business side there's more evidence of a strengthening economy ap correspondent ben thomas reports on a new economic report the labor department says consumer spending rose a solid threetenths percent in october while consumer incomes also showed healthy growth of fourtenths percent the rising consumer spending came despite a slight drop in spending on durable goods things such as automobiles a decline that was offset by spending on nondurable goods such as food clothing and items not expected to last three years as well as services which cover things such as doctor visits than utility bills consumer spending accounts for seventy percent of economic activity and the report shows some healthy momentum to start the.
"national retail federation" Discussed on KDWN 720AM
"Be sure to check out outlets you wouldn't normally be looking at despite the early crowds its doors analysts said beans say amazon is expected to take half of the holiday season zip sales growth and amazon is the top destination for people to begin holiday shopping according to a september study by market research firm and pd group with the jobless rate at seventeen year low of four point one percent and consumer confidence stronger than a year ago analysts project healthy cells increases for november and december the national retail federation trade group expects sales for that period to at least match last year's rise of three point six percent and estimates online spending and other non store sales will rise eleven to fifteen percent can target ceo brian cornell recently noted that up to sixteen billion inconsistent spending will be up for the taking in the next few years and said the chain has been picking up market share in such areas is clothing and greek foreign ceo of walmart's us division said that the retail giants holiday shopping season appear to be off to a good start they've got things going in the first minute so thanksgiving with an online sales event that featured a range of deals from toys to tvs to slow cookers and google home gadgets the thanksgiving weekend when stores goal allowed to attract shoppers can be an indication of how well they'll do through the season about sixty nine percent of americans intend to shop at some point during the fiveday period thanksgiving two cyber monday according to a survey released by the national retail federation although it expects black friday to remain the busiest day with about one hundred and fifteen million people planning to shaath then and it seems that noone is saved from sexual harassment allegations not even team mascots the los angeles kings mascot mainly was sued yesterday for allegedly groping someone's bucks in a staples center elevator in two thousand sixteen may so griffin's los angeles superior court lawsuit names as defendants tim smith and his employer the suit seeks unspecified damages suit states that griffin work for one of the vendors that provides food in the staples center and that.
"national retail federation" Discussed on KDWN 720AM
"The holiday season zip sales growth and amazon is the top destination for people to begin holiday shopping according to a september study by market research firm and pd group with the jobless raid added a seventeen year low of four point one percent and consumer confidence stronger than a year ago analysts project healthy cells increases for november and december the national retail federation tree group expects sales for that period to at least match last year's rise of three point six percent and estimates online spending and other non store sales will rise eleven to fifteen percent and targets ceo brian cornell recently noted that up to sixty billion in consumer spending will be up for the taking in the next few years and said the chain has been picking up market share in such areas is clothing and greg foreign ceo of walmart's us division said that the retail giants holiday shopping season appear to be off to a good start got things going in the first minute so thanksgiving was an online sales event that featured a range of deals from toys to tvs to slow cookers and go home many gadgets the thanksgiving weekend when soares goal allowed to attract shoppers can be an indication of how well they'll do through the season sixty nine percent of americans intend to shop at some point during the five day period from thanksgiving two cyber monday according to a survey released by the national retail federation although it expects black friday to remain the busiest day was about a hundred and fifteen million people planning to shopped that end it seems that noone is save from sexual harassment allegations not even team mascots the los angeles kings mascot mainly was sued yesterday for allegedly groping someone's buttocks in a staples center elevator in two thousand sixteen may so griffin's los angeles superior court lawsuit names as defendants tim smith and his employer the suit seeks unspecified damages the suit state slide griffin worked for one of the vendors that provides food in the.
"national retail federation" Discussed on WGN Radio
"For black friday the national retail federation mates one hundred sixty four million people was shop and over the weekend here between now and cyber monday the biggest day however is still black friday with an estimated one hundred and fifteen million people expected to do some shopping in chicago protests are expected to be back on michigan avenue for a third straight year the split began back in 2015 after the release of the look one mcdonald's shooting video hundreds of protesters blocked traffic ogd north michigan avenue they four stores in the high end shopping district to close early last year the number of demonstrators dropped significantly however organizers say this year they are expecting uh a high turnout due to opposition to president trump and speaking of president trump he got in touch with the military during a teleconference call to military people serving across the seas he says that the military equipment the us has is a bit better than what we sell our allies he spoke at a us coast guard station of florida this thanksgiving trump says unique about an hour and how i can turn trump is spending thanksgiving at his private club in palm beach florida you could soon see whether you interacted with russian propaganda on facebook and instagram in the 2016 election facebook announced a new portal i will let users see which facebook pages are instagram accounts they lighter followed that were linked to the internet research agency the internet research agency as the troll farm would rise to the russian government facebook estimates that close to one hundred fifty million americans may have been exposed to content from it between june fifteen and august of twenty seven t h hey balloon has blown into a tree and popped at the maze macy's thanksgiving day parade earlier today no one was injured a reporter saw it happen and it was a candy cape balloon it wasn't one of those big ones that the parade is known for the last time a balloon popped at the macy's thanks giving day parade was back in twenty five that was a giant balloon in it hit a.
"national retail federation" Discussed on WTVN
"The first year the sales tax holiday to years ago saved consumers about three point three million dollars according to the university of cincinnati alex burns is with the ohio council of retail a'merchant expecting a boost this year the national retail federation expects that ten percent increase in sales now one this time last year another nearly identical sales tax holiday is set up for this time next year jarrett alley news radio 610 wtvn a newly released reports shows the impact of the 2016 republican national convention on cleveland tourism economics which also prepare similar reports the democratic national convention and the olympics showed the city benefited by one hundred eighty eight point four million dollars another study by cleveland state university but the impact at one hundred forty two point two million a wedding gown maker breaking its vows to a lot of brides including some in central ohio dressmaker alfred angelo telling many customers what they feared they won't be getting their bridal gowns after all unless esa john the company's website says all orders which haven't been delivered will remain unfulfilled alford angelo file for bankruptcy several weeks ago abruptly closing at sixty source leaving countless bribes to scramble to find addresses some with just months or weeks to go before the big day it's telling customers who believe they are owed money to fill out a proof of claim form but says there are no guarantees of refunds daria albinger abc news alford angelo had eight central ohio location in dublin that closed as well i'm scott jennings trickery b six first warning weather forecast coming up in sixty.
"national retail federation" Discussed on KFI AM 640
"Kfi am 640 it's the bill handel show bills on vacations back tomorrow and we're doing handle on the news but but here's something that's trending food facts were the fourth of july this blows me away quoted an national retail federation we will spend collectively for food today seven point one billion dollars over half the country one hundred sixty two million people will take part in a cookout or a picnic and you wanna know what the average spending per person for these cookout and picnics to tweet now do anything if you have this in front of you know i actually i had the the first his stats i don't know this third one take a guess at person for the cookout sin picnics on july fourth seventeen dollars and forty two cents net justin the perp i'm going to say eighty four dollars now seventy three dollars a person that old people laleh yeah i dunno if i like people that much i don't understand how you spend that much money on cookout food amused are rearing all looted would even with even with even if you have a drink an entire six pack per person have you get you drink a six pack three shots of tequila you eat three hot dogs to hamburgers a gallon of potato salad as all daddy's bottle of bourbon gets them there right oh well all right at spicy is everybody just is it all is everybody's cookout did like four gras and japanese whisky as literally that's really sushi alright kkob beef all right here we go we do need to respectful moment of silence here as we go into the story please stevie ryan is dead at the age of thirty three she was a of started is a viral youtube video star ed got a show on vh one called stevie tv she did all the impressions right she did kim kardashian and amy winehouse a very funny justin bieber impression that she had and poorly she hanged herself on the first of july as very sad and the other thing about her i feel like this is a window maybe into her heart because on the one hand you may think oh you know someone who does justin bieber impressions on youtube it's maybe a little frivolous or whatever but her last tweet was about remembering her grandfather.
"national retail federation" Discussed on KFI AM 640
"Kfi am 640 it's the bill handel show pilsen vacations back tomorrow and we're doing handle on the news but but here's something that's trending food facts for the fourth of july this blows me away quoted an national retail federation we will spend collectively for food today seven point one billion dollars over half the country a hundred sixty two million people will take part in a cookout or a picnic and you wanna know what the average spending per person for these cookout and picnics to wait now do any of you have this in front of you know i actually had the the first his stats i don't know this third one take a guess at person for the cookout sin picnics on july fourth seventeen dollars and forty two cents net justin the perp i'm going to say eighty four dollars now seventy three dollars a person eto lotta people while la yeah i dunno if i like people that much i don't understand how you spend that much money on cookout food is that i reread all looted will even with even with even if you have a drink an entire six pack per person have you get right i you drink a six pack three shots of tequila you eat three hot dogs to hamburgers a gallon of potato salad side as all that he's bottle of bourbon gets in there right oh all well right whose area that spicy his everybody just is it all is everybody's cookout did like four gras in japanese whisky as early that's really goes sushi alright kkob beef all right here we go we do need to respectful moment of silence here as we go into the story please stevie ryan is dead at the age of thirty three she was a of started as a viral youtube video star ed got a show on vh one called stevie tv she did all the impressions right she did kim kardashian and amy winehouse of very funny justin bieber impression that she had and parents she hanged herself on the first of july as very sad and the other thing about her i feel like this is a window maybe into her heart because on the one hand you make i think oh you know someone who does justin bieber impressions on youtube it's maybe a little frivolous or whatever but her last tweet was about remembering her grandfather.