Holiday Spending Forecast to Grow 3-3.5%

The International Council for Shopping Centers (ICSC) is forecasting that the 2010 holiday shopping season (Nov.-Dec.) will increase between 3% and 3.5% over the same period last year, making it the largest increase since 2006 (+4.4 percent). The ICSC pro

BDO Survey: More Optimism Among Major Retailers

Major U.S. retailers are entering the holiday shopping season with much more optimism, according to the latest BDO USA, LLP Retail Compass Survey of CFOs. The survey found a much lower percentage of CFOs expect negative comps. CFOs are split over whether

House Approves Currency Reform for Fair Trade Act

The U.S. House of Representatives passed the Currency Reform for Fair Trade Act (H.R. 2378) by a vote of 349 – 78 Wednesday, increasing pressure on the People's Republic of China to hasten the appreciation of its currency. While it remains far from c

Coaltion Calls for Manufacturing Renaissance

A coalition of manufacturing and trade policy experts and labor officials launched a campaign in Washington to step up political support of manufacturing in America through fundamental policy, structural, trade and political changes, including more aggres

Chinese Economic Growth to Slow Slightly in 2011

The Asian Development Bank reported that economic growth in the People’s Republic of China remains on track to grow 9.6% this year, and 9.1% in 2011 on rebounding exports. Foreign direct investments expanded by about 20% in the first seven months fr

Kantar Retail Forecasts 2.5% Increase in Holiday Sales

Kantar Retail forecast holiday retail sales will grow 2.5% but the growth will feel weak compared with the relatively strong pace of retail sales growth in the first three quarters – a pace inflated temporarily by economic stimulus and pent-up demand…

GU Energy Adds to Sales Team

GU Energy Labs has hired former technology executive and nationally ranked triathlete Reid Swanson as director of sales and welcomed back Tory Jackson to sell into the Health, Vitamin and Nutrition channel…

Senate Establishes Outdoor Recreation Caucus

The Senate Outdoor Recreation Caucus created by U.S. Senators Mark Udall (D-CO) and James Risch (R-ID) met for the first time last week to get a briefing from Obama Administration officials on the President's America's Great Outdoors Initiative.