Over the weekend, President Trump ratcheted up his pressure to increase the rate of tariffs on $200 billion worth of goods imported from China to 25 percent this Friday.
Retail sales have been on the rise in recent years, and 2019 will likely be no different. The National Retail Federation (NRF) forecasts that this year, retail sales will see an increase between 3.8 percent and 4.4 percent totaling more than $3.8 trillion.
A downgrade note from Bank of America Merrill Lynch cited credit card spending data for consumer electronics and toys that slipped 6 percent in November compared to last year.
It's official. Sears Holdings has filed for Chapter 11 bankruptcy. In a statement Monday morning, the company also said that CEO Eddie Lampert would step down, effective immediately.
Retail could experience a record-setting holiday shopping season this year, with sales projected to reach $1.1 trillion, according to Deloitte.
A multi-industry coalition that includes the National Retail Federation warned of the negative impact tariffs on an additional $200 million in Chinese imports would have.
U.S. Senator Bernie Sanders plans to introduce a bill that would impose a 100 percent tax on companies with more than 500 employees that covers government assistance received by employees.