NRF: Stopping COVID-19 Key To Retail Recovery
NRF chief economist Jack Kleinhenz has stated that the coronavirus pandemic “has triggered shocks” but that the underlying economy is sound, so stopping the spread of COVID-19 is critical.
economy
NRF: January Retail Sales Solid
The National Retail Federation, citing U.S. Census Bureau figures, reported that retail sales in January increased 0.2% seasonally adjusted over December and increased 2.7% unadjusted year-over-year.
Housewares Vendors Weigh Business Investments Moving Forward Into 2020
A strong economy has helped the housewares industry make new investments, despite continued uncertainty surrounding tariffs and cost pressures from the top and bottom. Many housewares suppliers in 2020 will be introducing new products that differentiate themselves from the competition, developing more ways to connect directly with consumers and continuing to fine-tune business operations.
Deloitte: Retailers Need To Expect Uncertainty
The world is a shaky place today, and, according to Deloitte’s 2020 Retail & Distribution Industry Outlook, uncertainty is the most certain thing about what’s ahead in 2020.
Retail Groups Encouraged By U.S./China Trade Deal Progress
The National Retail Federation and other associations welcomed news that the U.S. and China have agreed on a “phase one” trade deal, according to recent media reports.
November Retail Sales Lower Than Expected
Retail sales in November increased only 0.1% seasonally adjusted over October and were up 2.1% unadjusted year-over-year, the National Retail Federation reported. The numbers exclude automobile dealers, gasoline stations and restaurants.
ISM: November Manufacturing Sector Activity Contracted
Manufacturing sector economic activity contracted in November, even as the overall economy grew for the 127th consecutive month, according to the latest Manufacturing ISM Report On Business.
NRF: October Retail Sales Edge Up
Retail sales in October increased 0.2% seasonally adjusted over September and were up 4.2% unadjusted year-over-year, the National Retail Federation said. The numbers exclude automobile dealers, gasoline stations and restaurants.
LIRA: Remodeling Market Expected To Decline In 2020
Annual gains in homeowner spending for improvements and repairs are set to give out by the second half of next year, according to the Leading Indicator of Remodeling Activity (LIRA) released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.
NRF: September Retail Sales Up 4.5%
Retail sales in September were up 4.5% year-over-year, but down 0.1% seasonally adjusted from August as the National Retail Federation cited ongoing consumer concerns over U.S.-China tensions for the slight decrease between August and September.
ICSC Forecasts Holiday Sales Growth Of 4.9%
The International Council of Shopping Centers (ICSC) is forecasting a strong holiday season that will see most shoppers visiting their favorite brick-and-mortar retailers to meet their gift-giving needs.
NRF: Holiday Retail Sales To Grow Between 3.8% And 4.2%
The National Retail Federation said it expects holiday retail sales during November and December to increase between 3.8% and 4.2% over 2018 to a total of between $727.9 billion and $730.7 billion.
Deloitte: Holiday Sales Gain Could Reach 5%
Deloitte, in its annual end-of-year retail forecast, said it expects holiday retail sales to increase between 4.5% and 5% in 2019 and exceed $1.1 trillion for the November to January timeframe.
NRF: Retail Sales Up In August
Retail sales were up 0.4% in August seasonally adjusted from July and up 4.6% unadjusted year-over-year, reported the National Retail Federation. The numbers exclude automobile dealers, gasoline stations and restaurants.
NRF: July Retail Sales Up As Consumer Spending Gains
Retail sales were up 0.9% in July seasonally adjusted from June and up 5.6% unadjusted year-over-year, according to the National Retail Federation. The numbers exclude automobile dealers, gasoline stations and restaurants.
Report: Store Closures Increase But General Merchandise Channel Gains
A Coresight Research Insight Report asserts that major retailers in the U.S. have announced 7,567 store closures so far this year compared with 5,524 stores all of last year, but it isn’t all bad news.
Study: Slowdown Expected In Home Improvement
Growth in residential remodeling spending is expected to slow considerably by the middle of next year, according to the Leading Indicator of Remodeling Activity (LIRA) released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.
NRF: Consumers Kept Spending In June
Despite continued concerns about the impact of tariffs on prices of consumer products, shoppers started the summer season by opening their wallets.
American Values: Tariffs Amplify Dialogue On U.S.-Made Housewares
The topic of tariffs is one that is dominating conversations across the housewares landscape as retailers and suppliers work to develop solutions to deal with looming price increases that are expected to touch nearly every segment in the industry.
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Trump Delays Tariffs On $300 Billion Worth Of Chinese Products
President Donald Trump has delayed a new round of tariffs that would have put a 25% surcharge on an additional $300 billion worth of products made in China, which would have included a broad range of housewares.