Study: Club store shoppers spend more, eat more
Shopping at a warehouse club store usually makes us spend more and eat more. A study by Dartmouth's Tuck School of Business found those who shopped regularly at club stores had a 5 percent increase in the amount of money spent on packaged food per person in the household, a 15 percent increase in the amount of time spent shopping, and an 8 percent increase in calories consumed than if they had not shopped at a club store.
Monday may be the busiest online shopping day in history. Adobe said it expects $6.6 billion in sales, up 16 percent year-over-year. Experts expect Cyber Monday to be a good day for deals on toys. Adobe forecasts online holiday sales for the entire season will be $107 billion this year, up 14 percent from last year. As of Saturday night, mobile shopping set a new record, with $1.4 billion in revenue, according to Adobe.
Brick-and-mortar retailers did enough things right on Black Friday to consider the event a success, even if the crowds of past years haven't returned. Bloomberg says the weather also provided an assist, with cooler temperatures in much of the country putting shoppers in the mood for coats and sweaters. But Macy's suffered a credit card payment glitch at the worst possible time -- Black Friday.
It's a big week ahead for tax reform. President Trump will head to Capitol Hill on Tuesday to meet with Senate Republicans ahead of an expected vote this week. The president says he hopes to sign a tax bill by Christmas.