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Import cargo levels expected to rebound in July but to drop again Market research News 

Import cargo levels expected to rebound in July but to drop again

GaryPageau , 0 comment
Import cargo volume at the nation’s major container ports is expected to rebound this month after a double-digit drop in late spring but is forecast to fall again after previously paused tariffs take effect, according to the Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates. “The tariff situation remains highly fluid and retailers are working... Read More
NRF chief economist says ‘anxiety and confusion’ from tariffs causing uncertainty Market research News 

NRF chief economist says ‘anxiety and confusion’ from tariffs causing uncertainty

GaryPageau , 0 comment
Halfway through the year, it is still difficult to predict the impact new tariffs and other government policies will have on the U.S. economy, said Jack Kleinhenz, chief economist at the National Retail Federation (NRF). “This year began with high expectations for the strength of the U.S. economy,” Kleinhenz said, noting strong 2.8% year-over-year growth in gross domestic product in... Read More
NRF: Census retail sales data shows consumers ‘seeing their way through’ tariffs but impact could come later Market research 

NRF: Census retail sales data shows consumers ‘seeing their way through’ tariffs but impact could come later

GaryPageau ,
Data released today by the U.S. Census Bureau showed continued growth in core retail sales — which exclude autos, gas and restaurants — in May despite a downturn in overall sales amid on-again, off-again tariffs on imported merchandise, said Jack Kleinhenz, chief economist, National Retail Federation (NRF). “We’re continuing to see growth for core retail sales this year at about... Read More
NRF: Import cargo levels expected to see surge during pause in tariff increases News 

NRF: Import cargo levels expected to see surge during pause in tariff increases

GaryPageau
Import cargo at the nation’s major container ports is expected to see a surge through this summer as retailers take advantage of a 90-day reduction in tariffs that were recently imposed on China, according to the Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates. “This is the busiest time of the year for retailers... Read More
NRF: Census data shows steady retail sales in April as tariff concerns continued Market research News 

NRF: Census data shows steady retail sales in April as tariff concerns continued

GaryPageau
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
NRF: Import cargo levels to see first year-over-year drop since 2023 Market research News 

NRF: Import cargo levels to see first year-over-year drop since 2023

GaryPageau
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
NRF: Mother’s Day spending expected to reach $34.1 billion Market research 

NRF: Mother’s Day spending expected to reach $34.1 billion

GaryPageau ,
Consumer spending on Mother’s Day is expected to reach $34.1 billion this year, according to the annual survey released by the National Retail Federation and Prosper Insights & Analytics. The amount is up from last year’s $33.5 billion and follows closely behind the record of $35.7 billion in 2023. “Mother’s Day is an important holiday for many consumers, only surpassed by... Read More
NRF: Census data shows retail sales grew in March but consumers are ‘not feeling great’ as tariffs rise Market research News 

NRF: Census data shows retail sales grew in March but consumers are ‘not feeling great’ as tariffs rise

GaryPageau , ,
Data released today by the U.S. Census Bureau showed retail sales grew in March even though consumers continued to worry about the impact of rising tariffs, said Jack Kleinhenz, chief economist, National Retail Federation (NRF). “Retail sales strengthened in March, supported by continued solid growth in income, lower energy costs and bigger-than-usual tax refunds that all helped support household budgets,”... Read More
NRF: Cargo Levels to drop sharply amid new tariffs and uncertainty Market research News 

NRF: Cargo Levels to drop sharply amid new tariffs and uncertainty

GaryPageau
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
CNBC/NRF Retail Monitor: March sales grew only moderately amid tariff concerns Market research News 

CNBC/NRF Retail Monitor: March sales grew only moderately amid tariff concerns

GaryPageau ,
Retail sales grew in March after two straight months of declines, but gains remained moderate as consumers continued to be concerned by rising tariffs, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by the National Retail Federation (NRF). “Retail sales increased in March but only moderately, and the spending came before the president’s ‘Liberation Day’ tariff... Read More
NRF: Consumers to spend $23.6 billion on Easter Market research 

NRF: Consumers to spend $23.6 billion on Easter

GaryPageau ,
Consumers plan to spend a total of $23.6 billion on Easter this year, according to the annual survey released today by the National Retail Federation (NRF) and Prosper Insights & Analytics. The amount is above last year’s $22.4 billion, approaching the record $24 billion spent in 2023. “As we witnessed throughout the pandemic, holidays such as Easter are especially meaningful... Read More
NRF: 2025 retail sales to hit $5.42 trillion, despite economic uncertainty Market research 

NRF: 2025 retail sales to hit $5.42 trillion, despite economic uncertainty

GaryPageau
The National Retail Federation (NRF)  forecast retail sales during 2025 will grow between 2.7% and 3.7% over 2024 to between $5.42 trillion and $5.48 trillion. The announcement was made during NRF’s fifth annual State of Retail & the Consumer virtual event on the health of American consumers and the retail industry. “Overall, the economy has shown continued momentum so far in... Read More
NRF: Census retail sales data shows consumers are ‘Aapprehensive’ Despite ‘Healthy’ Economic Fundamentals Market research News 

NRF: Census retail sales data shows consumers are ‘Aapprehensive’ Despite ‘Healthy’ Economic Fundamentals

GaryPageau
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
NRF Chief Economist says data ‘remains strong’ but public policy uncertainties ‘blur the rconomic outlook’ for 2025   Market research 

NRF Chief Economist says data ‘remains strong’ but public policy uncertainties ‘blur the rconomic outlook’ for 2025  

GaryPageau
Strong economic performance seen in 2024 is expected to carry over and influence growth this year, but there is a wide range of uncertainty as the White House and Congress make decisions that will impact the economy, said Jack Kleinhenz, chief economist, National Retail Federation (NRF). “While the U.S. economy has entered 2025 with a fair amount of momentum, the... Read More
NRF: Census data shows slower retail sales in January, but economy still expands Market research 

NRF: Census data shows slower retail sales in January, but economy still expands

GaryPageau ,
Data released by the U.S. Census Bureau shows retail sales slowed in January following a strong holiday season but still rose year over year, said Jack Kleinhenz, chief economist, the National Retail Federation (NRF). “It’s reasonable to expect some slowdown from the vigorous 2024 holiday season, so January’s numbers are not a surprise and don’t contradict the consumer spending trends... Read More