Photo: Michel Porro/Getty Images
You could say IKEA has seen the light and is moving toward the future. IKEA began phasing out incandescent light bulbs two years ago, but now the store plans to take the next step. The retailer will only sell energy-efficient, LED lighting by the end of the year 2016. It's all about going green. IKEA says the LED lighting consumes 85 percent less energy than incandescent bulbs and lasts up to 20 times longer. It could be a "green" Christmas for retailers.
The National Retail Federation predicts a 4.1 percent increase. That would mean we will spend over $586 billion this holiday shopping season. This is also good news for anyone looking for seasonal jobs. It means retailers won't be shy about hiring.
Parents better stock up now before things get really messy. The world could be up against a shortage of disposable diapers due to an explosion over the weekend. It happened Saturday at a Japanese chemical plant that produces one-fifth of the global supply. The plant is the world's largest source of the water-absorbing polymers which is in popular diapers, like Huggies and Pampers. The company announced plans to set up production facilities overseas while operation at the factory is suspended.