The National Retail Federation’s 2019 Retail’s Big Show, the organization’s annual convention held in New York, kicked off on January 13 with an emphasis on evolution of physical stores as a critical component.
Following months of record growth, the level of imports at the nation’s ports have slowed, according to a report from the National Retail Federation and Hackett Associates.
The National Retail Federation will close its 2019 Retail’s Big Show convention with a keynote presentation by Magnolia’s Chip and Joanna Gaines.
More than 40% of holiday shoppers surveyed expect to finish their holiday gift shopping by today, December 19, but the biggest procrastinators will still be buying gifts through Christmas Eve, according to the annual consumer sentiment survey released by the National Retail Federation and Prosper Insights & Analytics.
November retail sales were up 5% year-over-year as consumers opened their wallets to purchase gifts for family and friends, according to the National Retail Federation.
With the holidays approaching, consumers have not slowed their spending in October as retail sales for the month were up 5.6% year-over-year, according to the National Retail Federation.
Import levels at the nation’s ports have slowed ahead of the holidays, but remain higher than normal, according to the Global Port Tracker report from the National Retail Federation and Hackett Associates.
Consumers said they will spend an average of $1,007.24 during the holiday season this year, up 4.1% from the $967.13 they said they would spend last year, according to the annual survey released by the National Retail Federation and Prosper Insights & Analytics.
Imports at the nation’s major retail container ports are expected to remain at near-record levels in October despite a new round of tariffs that took effect in September, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Year-over-year retail sales in September were up 3% as general merchandise stores and electronics and appliance stores reported strong gains in the year’s ninth month, according to the National Retail Federation.
Regardless of income or age, consumers like a bargain and are shopping at retailers that offer products they feel are a good value, a recent survey from the National Retail Federation revealed.
The National Retail Federation said that it expects holiday retail sales in November and December, excluding automobiles, gasoline and restaurants, to increase between 4.3% and 4.8% over 2017 for a total of $717.45 billion to $720.89 billion.
The Trump administration has imposed tariffs on $200 billion worth of product imported from China, which includes a host of consumer products such as housewares, consumer electronics, tools and food.
Despite some macro economic concerns among consumers and inclement weather in the U.S., retail sales gained in August, according to the National Retail Federation.
As retail sales remain strong, traffic at the nation’s container ports continues to grow as well, according to the Global Port Tracker report from the National Retail Federation and Hackett Associates.
Through its Heroes of Main Street initiative, the National Retail Federation is honoring lawmakers for their support of public policy priorities important to the retail industry, naming House Education and Workforce Committee chairwoman Virginia Foxx as NRF Legislator of the Year.
In testimony before the Office of the U.S. Trade Representative, the National Retail Federation spoke out against the Trump administration’s proposed $200 billion in tariffs on a host of items including housewares and various home products.
July retail sales were up 4.9% year-over-year and 0.4% seasonally adjusted from June with sales at furniture and home furnishing stores and electronics and appliances stores remaining strong.
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.