Retail Container Imports to Rise 1.6 Percent in July

WASHINGTON-Import cargo volume at the nation's major retail container ports should increase by 1.6 percent this month compared to July of last year, according to the latest Global Port Tracker report from the National Retail Federation and Hackett Associates.

The report also projected modest monthly increases in import volume throughout the holiday season. "Whether consumers are going to have the confidence to spend during the next few months depends on what happens with employment, but retailers are being cautious optimistic," said Jonathan Gold, NRF's vice president for supply chain and customs policy. "Sales can fluctuate from month to month, but these import numbers show that retailers are still expecting this year to be better than last year."

In May, the most recent month with available data, import volume rose 2.3 percent over May 2011. The Global Port Tracker report projected that June volume will be up 4.7 percent year over year.

Looking further ahead, the report predicted that August import volume will rise 6.2 percent over last year, and that September volume will gain 6.8 percent. October should produce an increase of 12.6 percent, while November will bring a gain of 2 percent, the report added.

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

  • Adriana Hoyos Relaunches Brand at High Point Market

    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.