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Academy Sports issues apology to Houston Astros
Katy, Texas -- After placing some restricted Houston Astros merchandise on the sales floors of several of its Houston stores, Academy Sports + Outdoors issued a formal apology to the Major League Baseball team and its fans.
"We express our apologies to Houston Astros fans, our partners at the Houston Astros ball club, along with Major League Baseball for inadvertently releasing the new Astros t-shirts in limited quantity," said Rodney Faldyn, Academy Sports + Outdoors president and CEO.
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Consumer spending climbs 0.8% on higher incomes
Washington, D.C. -- A Monday report by the Commerce Deptartment showed that consumer spending in the U.S. for September rose more than forecast as household incomes climbed.
Household purchases increased 0.8%, the most since February and topping the 0.6% gain expected by Bloomberg. The Sept. rise followed a 0.5% advance in August.
Incomes rose 0.4%, the most since March.
The economy expanded at a 2% annual pace in the third quarter, boosted by the uptick in household purchases.