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Consumer spending drops in April
WASHINGTON — U.S. consumer spending dropped 0.2% in April 2013, according to the Commerce Department.
It was the first monthly decline since May of last year and follows increases of 0.1% in March and 0.8% in February. Falling gas prices in April were part of the reason for the drop in spending, with purchases of gas, electricity and other energy goods and services down 4.4%.
In addition, increased Social Security deductions in consumer paychecks may have also contributed to the decline in spending.
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Timberland releases environmental report card
STRATHAM, N.H. — Timberland has released its 2012 CSR performance data, showcasing the company's sustainability efforts for that year.
Among those efforts were the following:
• 39% of materials used in Timberland-branded apparel were derived from recycled, organic or renewable sources
• 98% of footwear SKUs used leather sourced from gold or silver rated tanneries