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 …
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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 …
Read More »Retail Sales Slow In January, Economy Remains Stable
Recent data released by the U.S. Census Bureau reveals a slow down of retail sales in January following a strong holiday season, according to Jack Kleinhenz, National Retail Federation (NRF) Chief Economist. Despite the slow month at the beginning of …
Read More »January Sales Drop Despite Strong December
Shoppers spent less in January than they did during the busy holiday months but retail sales still had strong sales year over year according to the CNBC/NRF Retail Monitor. “Consumers pulled back in January, taking a breather after a stronger-than-expected …
Read More »Import Cargo Levels Expected to Remain High Due to Rising Tariffs
Imports at major ports in the U.S. are projected to remain high as cargo continues to come in at retailer demand ahead of growing tariffs on China and other countries, according to the National Retail Federation (NRF) and Hackett Associates …
Read More »Retail Theft Epidemic Prompts Action
Retailers across the U.S. have reported a 93% increase in the average number of shoplifting incidents per year in 2023 versus 2019, and a 90% increase in dollar loss due to shoplifting during the same period, according to the Impact …
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