Business News

Holiday Shopping is Upon Us

Just 81 days till Christmas and the holiday shopping season is upon us. The National Retail Federation expects retail sales to rise 3.6% in November and December, to $655.8 billion. That is better than last year's 3% increase, and would top the 10-year average of 2.5% growth. Non-store sales, which skew toward online, anticipates, an increase between 7% and 10%, to $117 billion. (National Retail Federation)

Sears CEO says the struggling retailer plans to keep operating the Kmart chain, even as it looks at selling its Kenmore, Craftsman, and DieHard brands. The company has not posted a profit in five years. (WSJ)

Constellation Brands, makers of Corona beer, Woodbridge wine, and Black Velvet spirits, posted quarterly profits of $358.9 million. The wine, liquor and beer company posted revenue of $2.02 billion in the period. Constellation Brands shares are up 16% since the beginning of 2016. (AP)

Amazon is making another splash. Prime members are now able to read as much as they like from a selection of over a thousand top Kindle books, magazines, short works, comic books, children's books and more — all at no additional cost. (CNBC)

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.

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