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Walmart CEO McMillon Says Price Increases Coming After Solid Q1

Walmart CEO McMillon Says Price Increases Coming After Solid Q1

by Mike Duff | May 15, 2025 | Retail Articles

Commenting on first-quarter results, Doug McMillon, Walmart Inc. president and CEO, said dealing with tariffs would be a challenge for the company, but Walmart would do what’s possible to keep prices low for customers. However, McMillon (pictured above) added...
ISM: Services Sector Expands for 10th Straight Month in April

ISM: Services Sector Expands for 10th Straight Month in April

by Mike Duff | May 14, 2025 | Retail Articles

Economic activity in the services sector increased for the 10th consecutive month in April, with retail among those industries gaining, according to purchasing and supply executives in the United States as polled in the latest Services ISM Report On Business. In...
Housewares Hurdles Remain Despite Temporary China Tariff Reduction

Housewares Hurdles Remain Despite Temporary China Tariff Reduction

by Peter Giannetti | May 13, 2025 | Featured News, Home + Housewares

Editor’s Note: This report has been revised to indicate that Chinese imports subject to a 25% stainless steel and aluminum tariff are exempt from the temporarily reduced 10% reciprocal tariff. Housewares suppliers said uncertainty remains a challenge despite the...
NRF Welcomes U.S.-China Tariff Pause, Forecasts Import Decline in May

NRF Welcomes U.S.-China Tariff Pause, Forecasts Import Decline in May

by Mike Duff | May 12, 2025 | Retail Articles

The National Retail Federation, while projecting a slowdown at U.S ports, applauded the White House announcement that United States and China agreed to a steep tariff reduction for 90 days as negotiations for a permanent trade deal continue.   In response to the...
ISM: Services Sector Expands for 10th Straight Month in April

NRF: Consumer Spending Ahead of Tariffs Boosted April Retail Sales

by Mike Duff | May 9, 2025 | Retail Articles

Retail sales grew in April, but they did so as many consumers moved up purchases to dodge higher prices they expected to come with tariffs, according to the CNBC/NRF Retail Monitor. Released by the National Retail Federation, Retail Monitor stated that total retail...
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