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02.12.25 - 08:12
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Black Friday deals slowed down UK retail price rises in November (The Guardian)
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Discounts started earlier than usual as competition for customers hit 'fever pitch', says British Retail ConsortiumCompetition between retailers seeking to entice customers with early Black Friday deals led to a slowdown in shop price rises during November, according to the British Retail Consortium (BRC).The trade association for retailers said prices in shops rose by 0.6% last month compared with November 2024. This was down from a 1% rise in October and below the three-month average of 1%. Continue reading......
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01.12.25 - 18:30
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Retail Workers Currently Earning 51.6% Less Than Needed To Afford Rent: Report (ZeroHedge)
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Retail Workers Currently Earning 51.6% Less Than Needed To Afford Rent: Report
Authored by Naveen Athrappully via The Epoch Times (emphasis ours),
An American retail worker earns 51.6 percent less than the amount required to afford a typical rental apartment, real estate brokerage Redfin said in a statement released on Nov. 26.
A rent sign seen in Maryland on Nov. 12, 2023. Madalina Vasiliu/The Epoch Times
“The typical retail worker in America earns $34,436 per year,” the company said.
“A renter would need to earn $71,172 to afford the typical apartment, which costs $1,779 per month.”
This signifies a shortfall of $36,736 needed to afford an apartment, even though overall affordability has improved slightly in recent years.
In Cleveland, a typical retail worker earns 32.9 percent less than needed to afford a residence, the smallest shortfall among 40 metropolitan areas analyzed by the brokerage. This was followed by St. Louis, San Antonio, Kansas City, and Milwaukee. These places have...
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