Mortgage rates have been climbing since mid-December, with an average 30-year fixed-rate mortgage reaching 6.96% in January, before easing after the bond market stabilized following President Donald Trump’s postponement of tariffs until Feb. 1, the National Association of Home Builders …
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Import Cargo Surge Continues Into January
A tentative labor agreement has recently halted a potential strike at East Coast and Gulf Coast ports, but major container ports in the U.S. have already seen a surge in imports. According to the Global Port Tracker report from the …
Read More »Increase In Imports Expected at U.S. Ports With Looming Tariffs and Potential Strike, NRF Says
The Global Port Tracker report released today by the National Retail Federation (NRF) and Hackett Associates details an expected surge in imports from now until next spring due to an imminent increase in tariffs and potential strike at container ports …
Read More »Retailers Must Diversify to Overcome Tariff Tensions
Writing for the National Retail Federation (NRF)’s blog, president and CEO Matthew Shay reflected on the effects recent tariff escalations between the U.S. and China have taken on retail supply chains. Review some of his takeaways here. Retailers can’t move …
Read More »Home Depot Reports Q2 Financial Growth
Big-box home improvement retailer Home Depot has released its second-quarter 2019 financial results, reporting second-quarter sales of $30.8 billion. This figure represents a 1.2 percent increase over the same period in 2018 and a 16.6 percent increase over the company’s …
Read More »Understanding Implications of Chinese Tariffs
Jonathan Gold, a trade expert for the National Retail Federation, answered questions from Hardware Retailing about the effects of recent Chinese tariffs. He provides insight into new 25 percent trade duties levied on hundreds of billions of dollars in Chinese …
Read More »Many Home Improvement Retailers Expect Negative Impact From Tariffs
After polling more than 200 independent home improvement retailers operating in the U.S., the North American Retail Hardware Association (NRHA) finds the impact from tariffs continues to represent great uncertainty for business operators. Notably, 67 percent of surveyed retailers believe …
Read More »Retail Leaders Discuss Impact of Tariffs
Recently, tariffs on goods entering the U.S. have been hot topics in retail. No matter which industry a business operates within, tariff implementations are causing ripple effects on suppliers and shoppers alike. Retail leaders from some of the U.S.’s best-known …
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