Tag: NRF

Data released today by the U.S. Census Bureau shows shoppers remained engaged in April amid continued concern over tariffs on imported merchandise, said Jack Kleinhenz, chief economist, National Retail Federation (NRF). “Consumers are still spending despite widespread pessimism fueled by rising tariffs,” said Kleinhenz said. “While tariffs may have weighed on spending decisions, growth is coming at a moderate pace... Read More

Import cargo at the nation’s major container ports is expected to see its first year-over-year decline in over a year and a half this month as the effect of tariffs imposed by President Donald J. Trump on the supply chain increases, according to the Global Port Tracker report released today by the National Retail Federation (NRF) and Hackett Associates. “We... Read More

With sweeping tariffs now imposed on all U.S. trading partners, import cargo at the nation’s major container ports is expected to drop dramatically beginning next month, according to the Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates. “Retailers have been bringing merchandise into the country for months in attempts to mitigate against rising tariffs,... Read More

Data released today by the U.S. Census Bureau showed modest month-over-month retail sales growth in February amid consumer worries over inflation and Washington policy decisions, National Retail Federation Chief Economist Jack Kleinhenz said. “Lower-than-expected consumer spending in the first couple of months of the year likely reflected payback for very strong spending in the fourth quarter and weather-related events since... Read More