Retailer Import Volume Headed Downward

WASHINGTON-Import cargo volume at the nation's major retailer container ports is expected to continue to slide as the fall leads into the holiday shopping season, according to the latest Global Port Tracker report from the National Retail Federation and Hackett Associates.

The U.S. ports followed in the report handled 1.33 million 20-foot equivalent units of cargo in September, the most recent month with available statistics and down 0.6 percent from September 2010. For October, the volume is expected to be off 2.3 percent from the prior year, and for this month volume is forecast to decline 1.9 percent. December is expected to bring a 3.3 percent decrease.

Going into the New Year, the slide is projected to accelerate, with an 8.7 percent decline expected for January and a 9.4 percent drop for February. March's volume is forecast to decrease 0.6 percent.

Jonathan Gold, NRF's vice president for supply chain and customs policy, said the monthly declines are a reflection of retailers "keeping their inventories extremely lean and filling their stores wall to wall with discounts and promotions. Unlike in 2008, when the financial crisis caught everyone off guard, retailers have a strong understanding of the consumer mindset this Christmas."

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

Current Issue

  • HFN May digital issue

    HFN's DIGITAL EDITION

    May 2017


    COVER STORY: HFN Turns 90

    We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.


    ALSO IN THIS ISSUE:

    • Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
    • Omnichannel Retailing - In the Mobile App World, Time is Money