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Beauty services are poised for a boom, but the industry is more competitive now

Beauty services are poised for a boom, but the industry is more competitive now

by Olivia Morley | May 19, 2021 | Economy, Featured, Retail Sales

The last few weeks have been busy for Eleni Tziouvaras, who owns Goleta, California-based E Salon. Tziouvaras’ business contracted at the beginning of the pandemic, slashing her income by 90 percent to $15,000 in 2020. Now, with restrictions on businesses being lifted...
Watch for high retail sales in March as restaurants rebound and gas prices soar

Watch for high retail sales in March as restaurants rebound and gas prices soar

by Olivia Morley | Apr 14, 2021 | Economy, Featured, Newest, Retail Sales

The Census Bureau will release the advance monthly retail sales report for April on Thursday. The report shows how much consumers spent on retail trade in the previous month – an important indicator of economic health. Economists surveyed by Bloomberg expect sales...
Specialty foods rise above the pandemic, buoyed by consumer interest

Specialty foods rise above the pandemic, buoyed by consumer interest

by Olivia Morley | Apr 10, 2021 | Economy, Featured, Newest, Retail Sales

Last year, gourmet cheese and specialty foods shop Formaggio Kitchen shut down in-store shopping at its Cambridge, Massachusetts location for almost two months. It swiftly lost its catering and restaurant accounts as its business clients shuttered.  But unlike many...
Falling retail sales signal slower rebound, reliant on stimulus checks

Falling retail sales signal slower rebound, reliant on stimulus checks

by Olivia Morley | Mar 19, 2021 | Economy, Featured, Retail Sales

Retail sales declined in February as consumers pulled back after a stimulus-fueled splurge in January and as freezing temperatures plagued Texas and other Southern states. Sales declined 3 percent, a larger decrease than expected and a stark contrast to January’s 7.6...
Retail sales rose in January, fueled by $600 stimulus checks

Retail sales rose in January, fueled by $600 stimulus checks

by Olivia Morley | Feb 22, 2021 | Economy, Featured, Retail Sales

Retail sales rose significantly in January, a sharp departure from a three-month decline and a promising sign that the economy is rebounding. Sales increased by 5.3 percent, indicating a rise in consumer spending that far surpassed the average 1.18 percent increase...

Welcome to Issue Number One

Welcome to Issue Number One, a site covering economic trends. The site is produced by reporters at the New York City News Service and the CUNY Graduate School of Journalism. Email your comments to greg.david@journalism.cuny.edu.
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