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Friday, jul 3
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Sporting Goods
Business
Canned Food Prices Rising Under Trump's Higher Tariffs, Report Says: Here's How Much
President Donald Trump's newly hiked 50% steel tariffs could make your next can of soup or vegetables more expensive. Producers of canned goods are warning about rising costs at the grocery store because of Trump's tariffs, The Wall Street Journal reported. The Consumer Brands Association said the price of canned foods could rise between 9% and 15% as a result of the tariff. That means the price of a $2 can of vegetables might jump by up to 30 cents. "The American consumer is going to pay more for their cans," said Dan Dietrich, vice president for strategy at Trivium Packaging. Trump…
Business
Retail Sales Stall In April Amid Trump's Tariffs And Slowing Demand, New Data Says
April's retail sales flatlined as Americans pulled back on spending, the latest sign that trade tensions under President Donald Trump's tariffs are taking a toll on the US economy. Total retail and food service sales rose just 0.1% in April, compared to March's 1.7% surge, the U.S. Census Bureau said on Thursday, May 15. April's monthly gain was within the margin of error (+/- 0.5%), suggesting no meaningful growth. From February to April, total sales rose 4.8% compared to the same period in 2024. The healthy gains appear to be slowing down after consumers rushed in February and March …
Business
Here's What’s About To Cost More As Trump's China Tariffs Target Popular US Imports
Smartphones, shoes, toys, and cookware are just a few of the Chinese-made goods that could soon cost more as the Trump administration ramps up its trade war with China. A new Washington Post analysis highlights the impact of rising tariffs on consumer products widely used across the United States. China is the second-largest exporter of goods to the US, shipping nearly $439 billion in products last year. That includes a wide range of items found in everyday homes—many of which are now directly in the tariff crosshairs. Among the top targets: Smartphones ($41.3B in imports), …
Business
Academy Sports Opens First MD Store, NFL Star Micah Parsons Takes PA Kids On Shopping Spree
A sporting goods chain marked a major milestone with some football star power when the company opened its first locations in Pennsylvania and Maryland. Academy Sports + Outdoors now has more than 300 stores in 21 states, the company said in a news release on Thursday, Mar. 27. The chain opened its first two PA locations in Harrisburg and York, along with the first MD store in Hagerstown. Dallas Cowboys linebacker Micah Parsons appeared at the opening in his native Harrisburg. The four-time Pro Bowler and former Penn State star led 100 kids through the aisles, helping them pick out their fav…
Business
Retail Spending Slips As Inflation Climbs In January, Adding To Economic Concerns
After a solid holiday season, US retail sales took a surprising step back to start 2025, snapping a streak of growth and fueling worries about the economy. Retail and food services sales fell 0.9 percent in January, according to Census Bureau data released on Friday, Feb. 14. The decline reversed the trend from December 2024's revised increase of 0.7 percent, signaling that consumers may be feeling the squeeze from rising prices. Economists had predicted only a slight decline, with Dow Jones estimating a 0.2 percent drop, NBC News reported. The sales totals were seasonally adjusted but…
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