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| Trade, Supply Chain, Port Tracker, Economy, Retail Sales
Retail imports rising ahead of expected higher tariffs
With retail sales rising and President Trump planning to increase and broaden tariffs on goods from China, imports at the nation’s major retail container ports are expected to see unusually high levels the remainder of this spring and through the summer, according to NRF's Global Port Tracker report.
Global Port Tracker, Supply Chain, International trade, Tariffs
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Retailers respond to administration’s threat to raise tariffs
The National Retail Federation issued a following statement from Senior Vice President for Government Relations David French in response to the President’s threat to raise tariffs on $200 billion of Chinese foods from 10 to 25 percent.
Tariffs, China, Internaitional Trade
| Mother's Day, Holidays & Seasonal
Mother’s Day expected to deliver highest consumer spending to date
Mother’s Day spending hits record high at $25 billion in 2019, up from $23.1 billion in 2018.
Mother's Day, Consumer Spending, Prosper Insights & Analytics
| Economy, Retail Sales
March retail sales gains are ‘very encouraging’ and ‘set the stage’ for further improvements this year
Retail sales were up one percent in March seasonally adjusted from February and up 0.8 percent unadjusted year-over-year and exclude automobile dealers, gasoline stations and restaurants.
Retail sales, Consumer Spending, Economy
| Port Tracker, Trade, Supply Chain, Economy, Forecasts, Retail Sales
Retail imports rising again as summer approaches
Retail imports are expected to total 1.75 million containers in April, up 6.9 percent from 2018 as merchants stock up for the busy summer season.
Global Port Tracker, International trade, Imports, Cargo Containers, Import Cargo Volume
| Economy
Retail employment dropped in March but overall job gains point to economic growth
Retail employment in March was down by 11,700 jobs from February and down 47,400 jobs year-over-year but the economy gained 196,000 jobs overall.
Retail Jobs, Economy
| Trade
Retailers warn border closure would be ‘self-inflicted wound to the American economy’
The National Retail Federation sent a letter to Trump administration officials expressing concerns over ongoing threats to close the United States-Mexico border and outlining how a closure would hurt U.S. retailers, workers and consumers.
Immigration, Internaitional Trade, White House, Mexico
| Retail Sales, Economy, Consumer Trends
February retail sales increased 2.7 percent over 2018
Retail sales were down 0.7 percent in February from January but up 2.7 percent year-over-year as delayed and revisions related to the government shutdown continued to make comparisons difficult.
Retail sales, Economy, Consumer Spending
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Retailers urge Congress to fix tax bill error delaying investment
The National Retail Federation urged Congress to support bipartisan legislation introduced in the House that would fix a drafting error in the tax reform law that took effect in 2018. The error relating to depreciation rules is delaying millions of dollars in job-creating investments in stores and restaurants across the country.
Tax Reform, Tax Policy, Tax Cuts, Senate
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Retailers welcome bipartisan legislation to address tax bill typo
The National Retail Federation welcomed bipartisan legislation introduced in the Senate that would fix a drafting error in the tax reform law that took effect in 2018. The error relating to depreciation rules is delaying job-creating investments in stores and restaurants across the country.
Tax Policy, Tax Reform, Tax Cuts, Senate