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Latest shipping data reveals that mid-range retail is the new consumer price sweet spot - TL;DR CNBC

Latest shipping data reveals that mid-range retail is the new consumer price sweet spot

Publishing timestamp: 2024-05-17 09:03:15


Summary

Shippers are concerned about U.S. consumers pulling back on purchases for mid-range retail merchandise in the 2024 holiday season. The peak freight order season for holidays begins early, with almost 80% of orders expected to be middle price-point items. The survey suggests a relatively healthy holiday season with U.S. companies importing slightly more items than last year. Retailers are cautious about consumer spending, with concerns about a potential consumer pullback later in the year. The industry is preparing for a potentially normal peak season, with a focus on diversifying shipping strategies and increasing reliance on rail networks.


Sentiment: NEUTRAL

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Keywords: u.s. economyunited statesch robinson worldwide incbreaking news: businesseconomyretail industryunion pacific corpkuehne und nagel international agbreaking news: economyj.b. hunt transport services incberkshire hathaway incbusiness newstradeuber technologies inc

Source: https://www.cnbc.com/2024/05/17/shipping-data-shows-mid-range-retail-is-new-consumer-price-sweet-spot.html


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