Retail Imports to Rise 5.1 Percent in September

Container PortImport volume at the nation's major retail container ports should increase by 5.1 percent this month over last September, according to the latest Global Tracker Report issued by the National Retail Federation and Hackett Associates.

Jonathan Gold, NRF's vice president for supply chain and customs policy, said the import bump-up this month should occur because U.S. retailers are preparing for the holidays and making up for the low import volumes from earlier this year. "It's too early to predict holiday sales," Gold said, "but merchants are clearly stocking up."

In July, the most recent month with available import date, the ports handled 1.1 percent more merchandise than in July of last year. The Global Tracker Report said August's volume should increase 4.1 percent over last August, and October's volume should rise 9 percent.

The gains in the months following October should be 2.2 percent for November, 0.7 percent for December and 1.9 percent for January 2014.

Ben Hackett, founder of Hackett Associates, said the data is a sign that the U.S. economy "is on the road to sustained growth." Hackett cited better than expected growth in gross domestic product in the second quarter and an improving jobs picture--all of which point to higher consumer confidence and increased fourth-quarter sales for retailers.

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.

Videos

  • Von Tobel Cites Brass Textures Among Top Trends

    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 for September 2017

    HFN's DIGITAL EDITION

    September 2017


    COVER STORY:

    2017 State of the Industry Report
    Cautious Optimism, Mixed Results

    Many expected 2016 would be a banner year, but the political and economic climate softened consumer confidence. It was also a year consumers spent more lavishly on home remodeling rather than decorating.


    ALSO IN THIS ISSUE:

    •  TJX Unveils First U.S. Homesense Store - In a time when retailers are reducing store counts, TJX continues to get physical.
    •   Ikea’s Fluid Spaces - The retailer’s new intros reflect multifunctional rooms.
    •  N.Y. Home Fashions Market Preview - Textile textures get soft and cozy, colors warmer.