As warmer weather has left Northeast retailers with excess inventory of winter coats, hats and gloves, offering discounts may be the only way to move such merchandise out the door. And to kick off the holiday shopping season, retailers offered more coupons than ever—a 15% rise over the amount last year—over the four-day Black Friday shopping weekend, according to RetailMeNot Inc., a digital marketplace for coupons. "Searching for deals is a part of the American shopper's DNA, and smart promotions from retailers have a better ROI than traditional forms of advertising," explained Cotter Cunningham, CEO and founder of Austin-based RetailMeNot. "This type of advertising efficiently builds brand awareness; it drives traffic online and in-store, and it ultimately leads to increased sales."
National Average Price for Regular – Current: $2.447; Month Ago: $2.564; Year Ago: $2.229.
National Average Price for Diesel – Current: $2.834; Month Ago: $2.834; Year Ago: $2.440.
Key measures would include: •New data reporting requirements for railways on rates, service and performance, to enhance system transparency; •A new mechanism, Long-Haul Interswitching, to provide captive shippers across all sectors and regions of Canada with access to a competing railway, to ensure they have options; •A definition of “adequate and suitable” rail service that confirms railways should provide shippers with the highest level of service that can reasonably be provided in the circumstances; •The ability for shippers to seek reciprocal financial penalties in their service agreements with railways, to enhance accountability; and •More accessible and timely remedies for shippers on both rates and service, to support fair negotiations. click Read More below for additional detail
Oil prices jumped more than 3 percent on Tuesday, bouncing back from multi-month lows on expectations that OPEC will agree later this month to cut production to reduce a supply glut. North Sea Brent crude oil LCOc1 was up $1.50 a barrel at $45.93 by 1200 GMT after hitting a three-month low of $43.57 on Monday. U.S. light crude CLc1 was up $1.50 a barrel at $44.82. It reached a three-month low of $42.20 on Monday. Oil producers in the Organization of the Petroleum Exporting Countries are due to meet later this month to agree to limit output. An outline deal was reached in September but negotiations on the detail are proving difficult, officials say. click Read More below for more of the story