New York–This week was chock full of interesting, useful information if you were paying attention, that is.
In a special report examining global value chain, the National Retail Federation found that many American consumers don’t know that imported goods with foreign labels often include a “significant but unrevealed amounts of U.S. content.”
Made in China?…USA?
“Even in a product that says ‘Made in China,’ much of what goes into that product is ‘Made in America,’” says NRF President Matthew Shay. “That means millions of American jobs for American workers regardless of what the label might say.”
Reporting on its Luxury Consumption Index, Unity Marketing said that the nation’s most affluent consumers describe themselves as being in a “holding pattern with 61% of the more than 1,400 affluent consumers surveyed saying they expect their level of spending on luxury goods and services to remain the same over the next 12 months.”
Overall retail sales in April proved strong, surprisingly so. Of course, some of those sales had been pushed from March into April due to the later Easter this year. Economists say that May could be the first real indicator of how retail sales are trending this year—provided there’s no storms, disasters etc. to keep shoppers at bay.
For a look at interesting facts from 10 top online stories, read the following: