According to the National Retail Federation (NRF), retail sales in the US this year will grow up to Easter, because the relatively late date of the holiday means that consumers will have more time for shopping.
Easter date is determined by the lunar calendar and thus varies from year to year according to the Gregorian calendar. This year in the United States it falls on April 16, almost three weeks later than last year.
"The majority of consumers have almost a month to shop for Easter this year, and by the time when the holiday comes, the weather should be much warmer than last Easter," - he said in a recent statement, CEO of NRF Metyu Shey ( matthew Shay).
Improvement in the economy means that consumers are going to shop, and retailers are willing to discount to entice them, he added.
Thus, it is expected that this year Easter spending to grow by 6% to a record $ 18.4 billion, according to a poll Prosper Insights & Analytics, conducted for NRF.
Meanwhile, US consumer confidence in March increased by 8% compared with the previous month, reaching its highest level since December 2000, the organization said Conference Board last week.
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Petra Diamonds together with Ekapa Mining plans to acquire a stake in Kimberley Mines in South Africa from De Beers Consolidated Mines (DBCM). Ekapa Mining is the manufacturer of diamonds from Kimberley, who specializes in the tailings processing with diamond companies.
In a statement sent to Rough & Polished, it states that the value of shares will amount to approximately $ 7.2 million. The company Petra Diamonds and Ekapa Mining will receive a share depending on their participation in the purchase.
Ekapa Mining is a consortium of companies Ekapa Minerals (50,1%), and Petra (49,9%).
Stocks of diamonds in the rock dumps at Kimberley Mines are estimated at 2.8 million carats.
It is expected that the average diamond content in the tailings can reach 11 carats per hundred tonnes of ore in the first three years of processing Ekapa Minerals, and then decline to 6 carats per hundred tons of ore stockpiles after processing with a higher content of diamonds.
According to the company, Ekapa Minerals expects to receive about 700 000 carats of diamonds a year during the first three years of work on the Kimberley Mines, yielding revenue of about $ 65 million per year, based on the alleged diamond price of about $ 95 per carat.
Commenting on the acquisition, CEO of Petra, Johan Dippenaar (Johan Dippenaar), said: "We are delighted to establish a consortium with Ekapa Mining to acquire shares in the Kimberley Mines and look forward to working with them, which will use their proven capabilities in operations processing tailings in Kimberley, as well as their strong relationships with local communities. Together, we show our commitment to building a new future for the business of diamond mining in Kimberley, in the interests of our employees, shareholders and all zainteresova nnyh sides. "
Meanwhile, Yang Hong (Jahn Hohne), CEO Ekapa Mining, said that the most compelling aspect of this transaction is to extend the mining and processing of tailings in Kimberley for a long time.
It is in the Kimberley region began the first in the history of South Africa "diamond rush". In the city and beyond to the 1860s it created several diamond mines.
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