Top Stories in Accounting and Finance
More Than 164 Million Consumers Plan To Shop Over Thanksgiving Weekend And Cyber Monday — National Retail Federation
The largest shopping event is upon us, and if you're like an estimated 69 percent of Americans, you too will open your wallet for great deals and huge savings this upcoming Thanksgiving weekend. That's the takeaway from a survey of over 7,400 consumers conducted by the National Retail Federation, the world's largest retail trade association. But the real story here is NRFs first-time inclusion of Cyber Monday numbers to its survey results—a tell-tale sign of online sales numbers encroaching on brick-and-mortar retail sales.
Need help timing the turkey or a cranberry sauce recipe on the spot? The new Alexa update has got you covered. She can set the tone for a Thanksgiving dinner playlist, or tell you a joke to melt the meal prep stress away. Test Alexa's pop culture knowledge to entertain your dinner guests before the turkey is ready; she has many fun Easter Eggs up her sleeve.
Investors bet against happy holidays for retailers — Financial Times
Grinches from Whoville are taking to Wall Street, where investors grin from ear to ear on the hopes of a quick windfall by shorting retail this holiday season. Recent lackadaisical performance from top retailers—Macys, Nordstrom, and Kohls—along with declining brick-and-mortar department store sales have put expectations low for investors this holiday season. The winners, however, will be the likes of Amazon and other e-commerce stores.
Just in Time for Thanksgiving Dinner: Traceable Turkeys — NBC San Diego
With a growing farm-to-table movement concerned with how animals are raised and fed, the nation's third-largest turkey producer, Cargill, is embarking on a pilot program to offer transparency in the supply chain to customers. And they're doing it through the power of blockchain, which allows multiple people to contribute to the supply chain record, but not change it. Turkey buyers in Texas can text in a code on the Honeysuckle White website, packaged with their bird, that contains information about farm location and how turkeys were raised.
Thanksgiving Shoppers Are Doling Out $200-Plus for a Turkey — The Wall Street Journal
That turkey costs how much! If you're strolling past a Manhattan-area butcher shop, don't be surprised if the tag on that bird hits three figures, where prices can reach a jaw-dropping $200 or more. Food critics, however, are rightfully skeptical of this trend, weighing in with reason: "Unless a turkey can get up, turn on the oven and put itself in the roasting pan, it is rarely worth much more than a dollar a pound," says food writer Allen Salkin.
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