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Some Norman businesses saw an uptick in sales this week leading up to Motherâs Day as local consumers patronized flower, jewelry and other gift shops for the mothers in their lives. Motherâs Day is expected to bring in a surge of consumerism for the 2021 holiday, exceeding $28 billion in gift spending. This yearâs projected number is up $1.4 billion from 2020âs spending, according to a survey recently released by the National Retail Federation. According to the survey, the most popular gifts are jewelry, flowers, electronics and personalized gifts. Statista reports that after a two-year decline in spending in 2019 and 2020, flower purchases will reach a record $2.66 billion for Motherâs Day 2021, up from $2.56 billion in 2020. ....
The Benefits of Stable Value Funds for Plan Participants Stable value is touted as helping near-retirees manage sequence risk, should they have the misfortune of retiring into a downturn, but these investments offer advantages for participants of all ages. Reported by If plan sponsors are looking for reassurance that stable value investments are beneficial to retirement plan participants, they need look no further than the Stable Value Investment Association (SVIA)’s fourth quarter 2020 survey, which found that assets in these vehicles rose 12% throughout the year to $906 billion, to now comprise 10% of all defined contribution (DC) plan assets. Even though the market rebounded last year after a sharp drop-off, participants reacted differently to that decline, with many moving to the safety of stable value, notes Gina Mitchell, president of the SVIA. ....
Feb 21, 2021 Shown is Campus Corner covered in snow and devoid of people Friday as the recent weather forced business closures. Kyle Phillips / The Transcript Many Norman businesses are once again operational after multiple waves of winter weather prompted closures last week. Snowfall totals exceeded 9 inches across much of the Oklahoma City metro area this week, combining with record-breaking cold to keep Norman residents in their homes and businesses closed for much of the past week. Gina Mitchell, co-owner of Mitchellâs Jewelry, said due to the snow, her store was not open on Valentineâs Day, a holiday on which jewelry stores can expect a surge in business. ....
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