Retail Imports Projected for August Increase
August 14, 2013,
WASHINGTON-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.
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."
Other Articles By Author
Macy’s Discusses Virtual Reality Test at HFN’s Omnichannel Summit
HFN's DIGITAL EDITION
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.
ALSO IN THIS ISSUE:
- 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.