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February Imports Expected to be Lowest in Nearly Three Years

Import cargo volume at the nation’s major container ports is expected to drop to nearly its lowest level since the beginning of the pandemic...

Recession Unlikely Says NRF Economist

A recession is unlikely, and the economy is expected to see slight growth in 2023 as consumers continue to cope with inflation and high-interest...

2022 Discretionary Retail Spending in US Fell, NPD Reports

Total unit sales of U.S. discretionary general merchandise in 2022 were seven percent lower than the prior year, and sales revenue fell two percent,...

Imports Drop as Pandemic-driven Surge Ends

With a pandemic-driven surge over, monthly import cargo volume at the nation’s major container ports has fallen below the 2 million TEU mark and...

2022 Retail Returns Rate Remains Flat at $816 Billion

Consumers are expected to return more than $816 billion worth of retail merchandise purchased in 2022, according to a report released by the National...

Black Friday Week Sales Fall Short of Last Year

Despite optimistic reports released by Adobe Analytics that showed U.S. shoppers increased online sales by 2.3 percent on Black Friday, the NPD reported in-store...

Black Friday Online Sales Break Spending Record

U.S. shoppers spent $9.12 billion online on Black Friday – breaking a record – according to Adobe Analytics, which tracks sales on retailers’ websites....

Loqate Study Reveals Consumers Get Early Start on Holiday Season

Loqate, a GBG company, announced the results of its annual global holiday survey, providing an inside look at consumer plans and expectations for the busiest shopping...

With Food Prices Rising, Consumers Pull Back on Retail Spending

U.S. general merchandise retail sales revenue declined during the three weeks ending Nov. 5. Year-over-year sales revenue in October fell 5 percent below a...

Outdoor Recreation is $862 Billion Industry

The U.S. Department of Commerce’s Bureau of Economic Analysis (BEA) has released data showing the outdoor recreation industry is worth a record-breaking $862 billion...
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