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Study: Father’s Day sales up 2% in 2013
Thanks to a rebounding economy, dads this year stand to get more than just a boring tie, a pair of socks or a pat on the back for Father's Day.
According to industry research firm IBISWorld, Father's Day sales are expected to total $13 billion this year, a 2% increase from 2012. Traditional Father’s Day gifts, such as automotive accessories and clothing, will take a backseat to gift choices reflecting economic recovery, like home-improvement tools. This increase is mainly due to the overall rise in consumer spending during the past year.
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Macy’s plans new store in Puerto Rico
CINCINNATI — Macy’s plans to open its second store in Puerto Rico in fall 2015.
The two-level, 150,000-sq.-ft. store will be located in the Plaza Del Caribe mall in Ponce. Construction is slated to begin next year and the store is expected to employ 275 associates.