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WJA
Jewelry Groups Urge Govt. to Support Retailers
Three jewelry groups have joined the National Retail Federation (NRF) in its efforts to help small US retailers obtain financial aid from the government during the coronavirus shutdown.Jewelers of America (JA), the Jewelers Vigilance...
Retail Mar 26, 2020 Rapaport News
NRF empty mall Shutterstock 150
NRF Predicts Heavy Impact of Coronavirus
The impact of the coronavirus on US retail supply chains may be larger than previously expected, as disruptions to transportation are likely to affect imports in March and April, the National Retail Federation (NRF) said.The NRF was already...
Retail Mar 16, 2020 Rapaport News
NRF
US Retail to Grow in 2020, NRF Predicts
US retail sales will grow 3.5% to 4.1% this year, despite trade tensions and the spreading coronavirus epidemic, according to the National Retail Federation (NRF).“The nation’s record-long economic expansion is continuing, and consumers remain...
Retail Feb 27, 2020 Rapaport News
NRF
Coronavirus Impact May Reach US Retail
US retail sales could face growth challenges in February as supply chains are impacted by shutdowns at Chinese factories due to the coronavirus epidemic, the National Retail Federation (NRF) said.Imports of goods from the mainland will see...
Retail Feb 17, 2020 Rapaport News
NRF Valentine 150
Valentine’s Day Spending Set to Increase 32%
US consumer spending on gifts is expected to increase 32% this Valentine’s Day, with jewelry topping the list at nearly $6 billion, according to the National Retail Federation (NRF). Consumers intend to lay out $27.4 billion on their loved...
Retail Feb 02, 2020 Rapaport News
NRF Holiday Sales
Holiday Sales Rise Amid Positive Sentiment
US retail sales increased 4.1% during the recent holiday season amid steady consumer confidence, the National Retail Federation (NRF) said.Total sales for the November-to-December period were $730.2 billion, according to the NRF,...
Retail Jan 20, 2020 Rapaport News
Mall in DC
Online Spending Buoys Holiday Jewelry Sales
Jewelry sales in the US rose nearly 2% during the holiday period amid strong growth in e-commerce purchasing. Online sales of jewelry rose 9% during the two-month period, according to data from Mastercard SpendingPulse, which tracked purchases...
Retail Dec 26, 2019 Rapaport News
NRF November
Strong November Sales Kick Off Season
US retail sales rose in November as consumer sentiment was strong at the start of the holiday season, the National Retail Federation (NRF)said. Total purchases for November — excluding automobiles, gasoline andrestaurants — rose 0.1% compared to the...
Retail Dec 15, 2019 Rapaport News
Adobe Cyber Monday sales
Holiday Season Gets Off to Solid Start
The holiday season got off to a positive start over the five-day Thanksgiving weekend, with observers seeing record online sales.About 124 million people shopped in stores, while 142.2 million bought online during the...
Retail Dec 04, 2019 Rapaport News
NRF Holiday mall 150
US Retail Sales Rise Ahead of Holidays
US retail sales showed “particularly impressive” growth inOctober as shoppers prepared for the upcoming holiday season, according to the National Retail Federation (NRF). Total purchases for October — excluding automobiles,gasoline and restaurants — rose 0.2%...
Retail Nov 17, 2019 Rapaport News
NRF
Young Shoppers to Drive Rise in Holiday Spending
US consumers are planning to spend 4% more this holidayseason, as shoppers between the ages of 18 and 34 expand their circle of giftrecipients, according to the National Retail Federation (NRF). “Younger consumers are helping drive the spending increasethis...
Retail Oct 27, 2019 Rapaport News
NRF September
US Consumer Spending Dips
US retail sales stalled between Augustand September, indicating that consumer confidence may be waning in light ofthe escalating trade war. Total purchases for September —excluding automobiles, gasoline and restaurants — dipped 0.1% compared to theprevious...
Retail Oct 17, 2019 Rapaport News
NRF
NRF Predicts Rise in Holiday Sales
The National Retail Federation (NRF) has forecast a strong risein US holiday sales, as a healthy economy outweighs tariff fears in the shortterm.Retail sales in November and December are expected toadvance 3.8% to 4.2% year on year, for...
Retail Oct 06, 2019 Rapaport News
Swiss Watches
American Demand Drives Swiss Watch Exports
Swiss watch exports rose 1.5% year on year to CHF 1.52 billion ($1.53billion) in August amid increased growth in US demand ahead of the September 1tariff hikes. “In the US, growth continued to increase regularly, makingit the...
Retail Sep 19, 2019 Rapaport News
NRF August
US Retail Revenue Robust Ahead of Tariff Hike
US retail sales rose in August, even as consumer confidence slipped slightly from the previous month amid the escalating trade war. Total sales — excluding automobiles, gasoline andrestaurants — rose 0.4% compared with July and...
Retail Sep 16, 2019 Rapaport News
Shopping mall holiday 150
US Trade Calls to Delay Tariff Hike
More than 160 trade groups urged US President DonaldTrump to postpone further tax increases on Chinese goods imported to the US, fearingthey would affect holiday sales. “We are writing with an urgent request that you...
Retail Sep 02, 2019 Rapaport News
NRF July
US Consumer Spending Robust Amid Trade War
US retail sales increased in July, as consumer confidence remained strong despite fears over the escalating trade war. Total purchases— excluding automobiles, gasoline andrestaurants — rose 0.9% compared with June sales and 5.6% year...
Retail Aug 22, 2019 Rapaport News
Tariffs
Tariffs on Chinese Jewelry to Begin September 1
Jewelry imported into the US from China will attract an extra levyof 10%, despite the Trump administration’s decision to postpone tariffs onother goods. While certain health-and-safety products are being removedfrom the prospective tariff...
Retail Aug 14, 2019 Rapaport News
Imports
How Trump’s Tariffs Could Affect the Trade
Long before the threat of tariffs on Chinese goods loomed large,brick-and-mortar retailers in the US were facing challenges. So far this year,US retailers have announced plans to shut down over 7,000 stores after almost6,000 closed in 2018,...
Financial-Legal Aug 11, 2019 Lara Ewen
NRF
US Retail Sales Gain Strongly in June
US retail sales rose in June, amid improved consumersentiment and a healthier economic outlook, according to the National RetailFederation (NRF). Total purchase value grew 2.3% year on year in June, withthe three-month moving average, which includes...
Retail Jul 22, 2019 Rapaport News
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