The National Retail Federation expects a record number of shoppers to hit the malls and shopping centers nationwide the Saturday before Christmas. An estimated 158.9 million people will shop Dec, 20, which would top the 157.2 million “Super Saturday” shoppers last year, and the previous record of 158.5 million set …
Read More »Retail sales strong in November
U.S. retail sales posted strong year-over-year growth in November, helped by the first days of what appears to be a positive holiday shopping season, according to the National Retail Federation. Excluding automobiles and gasoline, sales were up 4.5 percent year-over-year, and 1.2 percent month-over-month, the federation reported. The month-over-month data …
Read More »Inland industrial market faces hurdles heading into next year
The Inland Empire industrial market isn’t riding high as 2026 approaches. Not that the market is collapsing – far from it – but industrial development in Riverside and San Bernardino counties did ease up in 2025 compared with previous years, and its days as a juggernaut appear to be on …
Read More »Thanksgiving weekend attracts record number of shoppers
Nearly 203 million people shopped during the Thanksgiving weekend, a record for that five-day period, according to the National Retail Federation. That number is up from 197 million shoppers in 2024, and it tops the previous record of 200.4 million set in 2023, the trade association reported. This year’s number total …
Read More »State exports drop
California exported $15.4 billion worth of goods in August, a $4.7 billion year-over-year decline, according to Beacon Economics in Los Angeles. During the same same period, the value of U.S. exports fell by 0.4 percent, to $179.7 billion, Beacon reported in its monthly analysis of state and national exports. California’s …
Read More »Record shopping predicted for Thanksgiving weekend
One hundred and eighty seven million people will shop during Thanksgiving weekend, three million more than last year’s record turnout, according to a National Retail Federation-Prosper Insights & Analytics survey. Seventy percent of those surveyed (130.4 million) said they will shop on Black Friday, the most popular shopping day of …
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IE Business Daily Business news for the Inland Empire.