Alina Selyuk
👤 SpeakerAppearances Over Time
Podcast Appearances
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.
The MasterCard Economics Institute says online sales grew more than 10 percent compared to last year.
There were big jumps in spending on clothes, jewelry and electronics.
Adobe Analytics, which tracks online transactions, forecasts that spending on Cyber Monday will peak in the late evening hours, with shoppers expected to spend $16 million every minute.
In surveys, shoppers say they are concerned about tariffs, inflation, and economic uncertainty, but they're also eager for great holiday deals.
Retailers are luring shoppers with some of the deepest discounts of recent years offered earlier in the season.
The MasterCard Economics Institute says online sales grew more than 10% compared to last year.
There were big jumps in spending on clothes, jewelry, and electronics.
Adobe Analytics, which tracks online transactions, forecasts that spending on Cyber Monday will peak in the late evening hours, with shoppers expected to spend $16 million every minute.
In surveys, shoppers say they are concerned about tariffs, inflation, and economic uncertainty, but they're also eager for great holiday deals.
Retailers are luring shoppers with some of the deepest discounts of recent years offered earlier in the season.
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.