Black Friday week marked the sixth consecutive week of in-store sales revenue declines for U.S. discretionary general merchandise, according to retail The NPD Group.

Despite strong consumer spending, gross domestic product is unlikely to grow as much in the final months of 2022 as it did in the third quarter, National Retail Federation Chief Economist Jack Kleinhenz stated as part of NRF’s Monthly Economic Review, but he also noted that the evidence suggests that the country is not in a recession.

Despite Black Friday promotions beginning earlier than typical this year, retailers saw an 11% increase in day-of Black Friday site traffic, a 5% increase in the number of orders and a 1% increase in average order values versus the sales period a year earlier, according to a study from retail marketing platform Bluecore.

The International Housewares Association has alerted members doing business in Maine to file before November 28 for an extension of the January 1, 2023 date when a new Maine law will begin requiring the reporting of the presence of PFAS chemicals in consumer products sold in the state.

As it continues efforts to refinance operations, Bed Bath & Beyond has announced that it has further extended its previously announced offers to exchange any and all of its outstanding senior notes.