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.
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.
With automobile dealers, gasoline stations and restaurants excluded, retail industry employment in July increased by 66,000 jobs unadjusted over the same time last year, the National Retail Federation said.
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.”
Consumer spending for the back-to-school/college shopping season is expected to be slightly less than 2017, according to an annual survey from the National Retail Federation and Prosper Insights & Analytics.
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.
With this year’s independence holiday falling mid-week, according to the National Retail Federation and research partner Prosper Insight & Analytics, consumers in the U.S. plan to spend $6.9 billion on food for Fourth of July cookouts and picnics.
Across the retail industry, some disagreement has followed a U.S. Supreme Court ruling upholding a 2016 South Dakota law that requires online merchants to collect state sales tax if, annually, they do more than $100,000 in sales or complete 200 transactions with state residents.
Year-over-year retail sales were up 5.6% in May, according to the National Retail Federation, as sales in several key retail segments were in the black during the year’s fifth month.
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.