The National Retail Federation has updated its retail sales forecast for 2018, declaring that tax reform and other economic inputs would boost revenues more than previously predicted but warning that tariffs threaten to dampen consumer confidence.
With concerns rising over proposed new tariffs on products from China, imports at the nation’s major retail container ports have set two new records this summer and are expected to set another in August, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Responding to the latest round of tariff proposals, Restoration Hardware (RH) recently provided what it called clarification in response to inaccurate reports regarding the percentage of the company’s product sourced from China.
Businesses in the United States are beginning to feel and respond to the effects of the Trump Administration tariffs, retailers included.
The International Housewares Association is speaking out against the latest round of tariffs being proposed by the Trump Administration, with the IHA’s chairman labeling the new tariffs now being discussed as potentially “disruptive.”
The National Retail Federation has responded to a list of $200 billion of Chinese imports targeted for new tariffs that was released by the Office of the U.S. Trade Representative, emphasizing that those taxes will hurt families across the U.S.
Traffic at the nation’s largest ports remains high with new monthly records predicted for the summer, according to the monthly Global Port Tracker report from the National Retail Federation and Hackett Associates.
Imported products at the nation’s ports continue to roll in at strong levels, according to the monthly Global Port Tracker from the National Retail Federation and Hackett Associates.
The National Retail Federation said that labor and management at East Coast and Gulf Coast ports have reached tentative agreement on a six-year contract renewal.
Target has named William Foudy, Jr. as president, Target Sourcing Services. He will oversee Target’s global sourcing organization, including strategy, operations, quality assurance, product safety and responsible sourcing initiatives.
Despite facing the possibility of additional tariffs on goods from China, imports at the nation’s major retail container ports are expected to grow throughout the summer, according to a recent Global Port Tracker report from the National Retail Federation and Hackett Associates.
The near-term cost to retailers of exiting the North American Free Trade Agreement could be $15.8 billion, according to a study released by consulting firm A.T. Kearney.
Amazon has launched an international shopping initiative within the retailer’s shopping app.
Imports at the nation’s major retail container ports are expected to grow a healthy 5.8% year-over-year this month but could be threatened in the future if the developing tariff dispute and potential trade war between the U.S. and China continues to escalate, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Imports at the nation’s major retail container ports are expected to grow 4.9% during the first half of 2018 compared with the same period a year earlier, according to the monthly Global Port Tracker report from the National Retail Federation and Hackett Associates.
Imports at the nation’s major retail container ports grew 7% during 2017 over 2016 as retail sales continued to increase and the industry wrapped up the year with a strong holiday season, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Cargo traffic at the nation’s container ports is expected to grow modestly in December, according to the National Retail Federation.
After months of record-setting volume as retailers stocked up for the holiday season, imports at the nation’s major container ports should be essentially flat this month compared with the same time last year, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Imports remained at record high levels through the end of August as retailers continued bringing in merchandise for the holiday season, according to the monthly Global Port Tracker report from the National Retail Federation and Hackett Associates.
Growing imports at the nation’s major retail container ports set an all-time monthly record this summer, and 2017 is expected to reach a new yearly record, according to the monthly Global Port Tracker report from the National Retail Federation and Hackett Associates.