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

  • Patti Carpenter Talks Color and its Importance in the Home

    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 August 2017 cover

    HFN's DIGITAL EDITION

    August 2017


    COVER STORY: Sharpening the Focus on Millennials

    Find out what makes Millennials tick when it comes to home decorating, shopping and at-home entertaining with HFN's annual consumer study. Turns out, Millennials favor the in-store shopping experience.


    ALSO IN THIS ISSUE:

    • Power of the People - Crowdfunding campaigns provide needed capital, feedback for home and housewares product launches.
    •  Omnichannel Retailing: Visual Search Takes Off - Learn how voice and visual search are revolutionizing product discovery.