Retail Imports Projected for August Increase

Container PortWASHINGTON-Import volume at the nation's major retail container ports is expected to rise 1.7 percent in August, the first monthly increase since May, according to the most recent Global Port Tracker report from the National Retail Federation and Hackett Associates.

Jonathan Gold, NRF's vice president for supply chain and customs policy, said, "As the economy continues to slowly improve, retailers are stocking up for their most important sales season of the year." Gold added that retailers, which have been cautious in their inventory management over the past few months, "plan to make up for it in the next few months."

In June, the most recent month with available numbers, import volume dropped 2.7 percent from May and 1.8 percent from June 2012. July is expected to result in a decline of 0.6 percent from July of last year.

Projections call for September to bring an increase of 1.9 percent, followed by an 8.3 percent gain in October. November's import volume is projected to rise 6.7 percent, and December's volume is expected to increase 3.5 percent. Assuming import volume meets these projections, the total for all of 2013 will be 2.4 percent higher than last year.

Ben Hackett, Hackett Associates' founder, said the positive momentum expected for this month and beyond confirms "our view that the economy remains on a slow but steady course of recovery. The question is whether importers are building up stock ahead of expected sales demand or in response to recently announced freight rate increases."

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.


  • Macy’s Discusses Virtual Reality Test at HFN’s Omnichannel Summit

    Camera Icon   More Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN cover October 2017


    October 2017


    One Kings Lane Flashes Forward

    Formerly a flash-sale only website, One Kings Lane—now under the ownership of Bed Bath & Beyond—evolves into a lifestyle retailer with a new physical presence.


      •  HFN Tech & Omnichannel Study- Although e-commerce shopping is increasing dramatically among consumers, home retailers lag in their current and future tech investments and implementation.
      • Market Previews: High Point & Tabletop- The newest collections and influencer trends emerge in our High Point Market and N.Y. Tabletop Show special sections.