The National Retail Federation’s (NRF) CNBC/NRF Retail Monitor recently reported increased retail sales in March following two months of declines. Although sales grew, the gains were moderate due to concerns of rising tariffs. The U.S. Census Bureau’s Advance Monthly Sales …
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Paused Tariffs Offer Temporary Relief for Consumers
Days after sweeping tariffs were announced, President Donald Trump has paused tariffs for most nations for 90 days and increased tariffs on Chinese imports to 125%. As a result of these tariffs, Hackett Associates founder Ben Hackett says imports during …
Read More »NRF Predicts Record Easter Spending
An annual survey released by the National Retail Federation (NRF) and Prosper Insights & Analytics reveals consumers plan to spend $23.6 billion on Easter this year, surpassing the $22.4 billion spent in 2024. Around 79% of U.S. consumers plan to celebrate …
Read More »NRF Gives State of Retail and Consumer for 2025
The National Retail Federation (NRF) hosted its fifth annual State of Retail & The Consumer presentation, covering a variety of topics, including how to serve customers, consumer trends and a 2025 retail sales forecast. The presentation also featured insights from …
Read More »February Retail Sales Show Modest Growth Amid Inflation and Policy Concerns
The U.S. Census Bureau reported modest month-over-month retail sales growth in February amid customer worries about inflation and national policy decisions from the White House, according to the National Retail Federation (NRF). “Lower-than-expected consumer spending in the first couple of …
Read More »Import Cargo Levels Continue Rising Amidst Tariffs
As the U.S. continues to grapple with tariffs, imports at the nation’s major ports are expected to remain elevated through this spring but volume could see year-over-year drops this summer, according to the Global Port Tracker report released by the …
Read More »U.S. Tariffs on Mexico and Canada Take Effect
Following previous announcements regarding impending tariffs on Canada and Mexico, President Donald Trump has officially imposed 25% tariffs on Mexican and Canadian imports. The president also increased tariffs on Chinese products to 20% and taxes on Canadian energy will be …
Read More »2025 Economic Outlook Strong, Uncertainty Remains
This year’s positive economic performance is expected to continue, according to the National Retail Federation (NRF), but uncertainty still stands as the White House and Congress make pivotal economic decisions. “While the U.S. economy has entered 2025 with a fair …
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