Alina Selyuk
👤 PersonAppearances Over Time
Podcast Appearances
President Trump's tariffs on nearly all imports are pending at the Supreme Court, where justices last month seemed skeptical about their legality during oral arguments.
Lower courts previously found that Trump set new rules by improperly using emergency economic power.
And dozens of companies have now filed lawsuits trying to secure tariff refunds in the event that the Supreme Court agrees.
That includes cosmetics company Revlon, canned foods maker Bumblebee, and now Costco.
Court of International Trade does not say how much the retailer has paid in tariffs.
But earlier this year, executives said imported goods make up about a third of what Costco sells in the U.S.
Adobe Analytics tracks online transactions and says people on Thanksgiving spend $6.4 billion, which is an increase of more than 5% from last year.
And compared to last year, more shopping happened before the dinner table rather than afterward.
Part of it is thanks to retailers rolling out some of the deepest discounts earlier than expected.
Adobe notes a big uptick in purchases for the home on Thanksgiving, including refrigerators and freezers, exercise equipment, speaker systems, TVs, and home security products.
Among top-selling toys, Adobe names Squishmallows, Ms.
Rachel Learning Toys, Pokemon trading cards, and a lot of the classics like Fisher-Price Little People, Legos, and Hot Wheels.
Adobe Analytics, which tracks online transactions, says steepest online sales on electronics, clothes, and computers are expected on Cyber Monday, while Black Friday may have the better deals on televisions, toys, and appliances.
The National Retail Federation forecasts that sales this holiday season will top $1 trillion for the first time.
Much of the spending comes from wealthier shoppers, while others are trying to tighten budgets.
In fact, lower-cost stores like Walmart and T.J.
Maxx say they're seeing more higher-income visitors.