Published 4 days ago • loading... • Updated 1 day ago

Tariffs creating uncertainty in Texas as report shows slower revenue growth since late 2024

The NRF shared its 2025 retail sales forecast at their annual event on Wednesday.
Solid economic factors, like job growth, are expected to support consumer spending this year.
Retail sales should grow between 2.7% and 3.7%, reaching up to $5.5 trillion, but GDP may fall below 2%.
Katherine Cullen noted, "the consumer the real powerhouse of the U.S. economy."
Tariffs imposed by the Trump administration are creating economic uncertainty, potentially impacting Texas businesses.

Insights by Ground AI

Does this summary seem wrong?

9 Articles

All

Left

Center

Right

The Texas Tribune

Lean Left

Tariffs creating uncertainty in Texas as report shows slower revenue …

Respondents to a Federal Reserve Bank of Dallas survey expressed concern about a reduction in consumer demand and a potential recession.

2 days ago·Austin, United States

Read Full Article

KSAT 12

+2 Reposted by 2 other sources

Center

Tariffs creating uncertainty in Texas as report shows slower revenue growth since late 2024

Respondents to a Federal Reserve Bank of Dallas survey expressed concern about a reduction in consumer demand and a potential recession.

2 days ago·San Antonio, United States

Read Full Article

retaildive.com

Center

NRF expects ‘slower trajectory for consumer spending’ in 2025 as tariffs fuel uncertainty, inflation fears

Retail sales could grow 3.7% at best — or well under 3% — as many consumers reach the limits of their spending power, the trade group said.

3 days ago

Read Full Article

Retail World Magazine

Circana report reveals the retail sector’s path to revitalisation in 2025 - Retail World Magazine

The key focus for retailers is stimulating growth and covering costs by reigniting revenues amidst an improving economy, says Circana in its ‘Rewired: Finding growth in the future of retail’ Outlook Report. Circana Head of Media Analytics and Insights Alistair Leathwood. “Shoppers are looking for escapism with their purchases, which is why they are looking for goods that feel nostalgic; brands need to turn up the emotional volume to provide comf…

3 days ago

Read Full Article

CDR – Chain Drug Review

NRF forecasts 2025 retail sales to hit $5.42 trillion

WASHINGTON – The National Retail Federation on Wednesday forecasted that retail sales during 2025 will grow between 2.7% and 3.7% over 2024 to between $5.42 trillion and $5.48 trillion. The announcement was made during NRF’s fifth annual State of Retail & the Consumer virtual event on the health of American consumers and the retail industry.“Overall, the economy has shown continued momentum so far in 2025 — bolstered by low unemployment and real…

4 days ago

Read Full Article

WRNJ Radio, Inc

NRF forecasts 2025 retail sales to hit $5.42 trillion, despite economic uncertainty - WRNJ Radio

WASHINGTON, D.C. – The National Retail Federation Wednesday forecast that retail sales during 2025 will grow between 2.7% and 3.7% over 2024 to between $5.42 trillion and $5.48 trillion. The announcement was made during NRF’s fifth annual State of Retail & the Consumer virtual event on the health of American consumers and the retail industry. “Overall, the economy has shown continued momentum so far in 2025 — bolstered by low unemployment and re…

4 days ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year