Consumer spending on gifts, food, decorations and other seasonal items during the 2024 holiday season is likely to set a record of $902 per person, according to the National Retail Federation’s latest consumer survey conducted by Prosper Insights & Analytics. The...
United States Census Bureau figures show retail sales increasing again in September as employment grew and inflation and interest rates fell. The Census Bureau overall retail sales in September were up 0.4% seasonally adjusted month over month and 1.7% unadjusted year...
The National Retail Federation has forecast consumer spending in the main holiday shopping season November 1 through December 31 will grow between 2.5% and 3.5% compared to the 2023 period. The forecast calls for $979.5 billion to $989 billion in total holiday sales...
The International Longshoremen’s Union and the United States Maritime Alliance have reached a tentative agreement that has suspended the strike at East and Gulf Coast Ports and should ensure continued movement of cargo through the holidays and potentially...
The International Longshoremen’s Association (ILA) failed to reach a last-minute agreement with the United States Maritime Alliance (USMX) to prevent a strike at U.S. ports on the East and Gulf Coasts that went into effect this morning. This prompted concerns about...
