With Electronics, Online Sales Rising, NRF Worries About Trade War
May retail sales at electronics and appliance stores increased 2.8 percent year over year, said the National Retail Federation Thursday. Online and other non-store sales rose 9.1 percent. “The economy is looking strong and households have a solid financial foundation,”…
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it said. Tariffs on Chinese imports or a trade war with China (see 1806130087) “would certainly be negatives that would increase prices and reduce both consumer purchasing power and consumer confidence,” it said.