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Monday, June 30th, 2008

Bryant Surety Bonds will be closed on Thursday, July 3rd for Independence Day Weekend; we will return on Monday, July 5th.  We hope you all have a safe and pleasant holiday. While we are closed, please explore our website for information on surety bonds, and when you are ready, use our free online application.  We look forward to quickly responding to your needs when we return.

Sunday, November 25th, 2007

Though not directly related to the surety bond industry, we though we would post a quick snapshot of what happened on black Friday. This day every year tends to give a quick view of the american economy and how comfortable consumers are to spend money. A good black friday, and therefore a good holiday season can great effects for retailers which then can ripple out to other parts of the economy in the new year. Lets look at the highlights:

  • ShopperTrack reported sales of 10.3 billion across the 50,000 retail location they track. This is up 8.3% from a year ago, much more then the 4-5%e that had been predicted.
  • National Retail Federation predicted that total holiday sales would be up 4% for the combined November and December period, this would be the slowest growth since 2002 when a 1.3% increase was posted. Holiday sales rose 4.6% in 2006 and growth has averaged 4.8% over the last decade.
  • J.C. Penney Co. reported “strong performance across all merchandise categories,” this would represent fine jewelry, outerwear, and young men’s and children’s assortments.
  • The department store was cautious about getting to excited by the results stating “while we are encouraged by our strong start, it is still early in the holiday season, and we are mindful of the headwinds consumers are facing.”
  • It is still very early, and all the results are not in, but there are some encouraging signs that the holiday season could very well out pace predictions. Look for future posting on this topic in between our normal surety bond information postings.

    Thursday, June 14th, 2007

    Mostly Propelled by a manufacturing rebound, as well as consumers who are eager to shop and sightsee despite high gas prices, the economy is humming a long; this according to the Fed.

    According to report released yesterday, “Factory production was up in a majority of districts, an improvement from the previous survey that found manufacturing was slow in most Fed districts.”

    “Consumer spending and retail sales across the country generally were up, too, with luxury goods selling better than lower-end merchandise in some areas. Travel and tourism remained healthy but there was little change in auto sales.”

    Economists predict the Fed will again hold a key interest rate at 5.25%, where it has stood for a year.