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That same year, the company repurchased the full amount of the $15 million authorization, and any additional repurchase authorizations in the future have not yet been confirmed. Macro Environment The retail industry is highly competitive due to its low barriers to entry, low switching costs, mostly undifferentiated products, and attractive opportunities for profits, as retail consumption makes up approximately two-thirds of America's GDP. Source Although the apparel industry has struggled with bankruptcies and store closings in the past two years, there will always be demand for clothes, especially ones that are fashionable. The dynamic changing of trends and consumer preferences is something that Citi Trends has struggled to keep up with, and trying to compete with much larger companies is difficult. On the positive side, disposable personal income in the U.S. is expected to grow by approximately 8.79% from 2017 to 2020, signalling an opportunity for Citi Trends to increase its sales and attract more customers. Online retail sites have been gaining popularity in recent years and pose a threat to traditional brick-and-mortar stores. The e-commerce industry produced more than $342 billion in 2015, and this is expected to double by 2020. Thus, Citi Trends' limited online shopping offerings will not be able to compete with more developed online sites, implying that it will have to focus on improving its in-store offerings in order to remain competitive. In addition, a political factor that Citi Trends should be prepared to face is the potential for U.S.
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In Bedford, Massachusetts, a small plane with five people aboard aborted takeoff and slid off a runway Sunday at Hanscom Field about 20 miles northwest of Boston. The plane was headed to Teterboro Airport in New Jersey. No one was injured. It wasn't immediately clear if the weather played a role. A terminal at Boston's Logan International Airport was briefly evacuated due to high levels of carbon monoxide believed to be caused by a snow-melting machine. Massachusetts State Police said Terminal C ชุดนอนวาบหวิว was "vented" and returned to normal operations a short time later. While many people were still weary from cleaning up from Thursday's storm, others relished the thought of more powder. Tina Fuller, of Waltham, Massachusetts, decided to walk about 15 minutes to her local grocery store Sunday to get some sauce and cheese to make lasagna. "I could have drove, but you know what? I wanted to enjoy the snow," the 60-year-old nurse's aide said. "It's very quiet.