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Tariff, Labor Strike Concerns Drive U.S. Port Volumes Higher

Tariff, Labor Strike Concerns Drive U.S. Port Volumes Higher

by Mike Duff | Nov 11, 2024 | Featured News, Retail Articles

Potential tariff increases from the forthcoming Trump Administration are combining with ongoing labor contention to affect activity at major container ports in the United States, which could drive import volumes higher than previously expected, according to the Global...
NRF: Economic Signs Still Point to Solid Holiday Sales

NRF: Economic Signs Still Point to Solid Holiday Sales

by Mike Duff | Nov 8, 2024 | Retail Articles

As the United States Federal Reserve dropped the prime interest rate by another quarter point, the National Retail Federation maintained economic progress, despite some mixed indicators, should continue to support holiday retail sales growth. On October 15, NRF...
NRF: Early Shopping Could Fuel Record Per-Person 2024 Holiday Spend

NRF: Early Shopping Could Fuel Record Per-Person 2024 Holiday Spend

by Mike Duff | Oct 22, 2024 | Featured News, Retail Articles

Consumer spending on gifts, food, decorations and other seasonal items during the 2024 holiday season is likely to set a record of $902 per person, according to the National Retail Federation’s latest consumer survey conducted by Prosper Insights & Analytics. The...
Census Bureau: Retail Sales Gains Continued in September

Census Bureau: Retail Sales Gains Continued in September

by Mike Duff | Oct 17, 2024 | Retail Articles

United States Census Bureau figures show retail sales increasing again in September as employment grew and inflation and interest rates fell. The Census Bureau overall retail sales in September were up 0.4% seasonally adjusted month over month and 1.7% unadjusted year...
NRF Forecasts Holiday Sales Gain of 2.5% to 3.5% from Consumers Primed To Spend

NRF Forecasts Holiday Sales Gain of 2.5% to 3.5% from Consumers Primed To Spend

by Mike Duff | Oct 15, 2024 | Featured News, Retail Articles

The National Retail Federation has forecast consumer spending in the main holiday shopping season November 1 through December 31 will grow between 2.5% and 3.5% compared to the 2023 period. The forecast calls for  $979.5 billion to $989 billion in total holiday sales...
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