Executive Briefings

Retailers Say Imports Will Finish Strong Despite Sluggish Holiday Sales

Retailers predict import volumes at the nation's major container ports will finish the year on a high note despite weak demand during this year's traditional peak shipping season.

Retailers Say Imports Will Finish Strong Despite Sluggish Holiday Sales

September's volume of 1.62 million import containers at the nation's biggest import gateways was up 2.2 percent from last year and October’s 1.56 million containers was essentially flat, down 0.1 percent from the same period in 2014, according to the Global Port Tracker report by the National Retail Federation and Hackett Associates.

Volumes in September and October, which usually encompass what retailers call the peak season for import shipments, were both down from August, an early peak during which many ports handled uncommonly high import volumes. Several big retailers reported in the wake of the strong shipping summer that they had overstocked and would try to pare back inventories in the fall.

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September's volume of 1.62 million import containers at the nation's biggest import gateways was up 2.2 percent from last year and October’s 1.56 million containers was essentially flat, down 0.1 percent from the same period in 2014, according to the Global Port Tracker report by the National Retail Federation and Hackett Associates.

Volumes in September and October, which usually encompass what retailers call the peak season for import shipments, were both down from August, an early peak during which many ports handled uncommonly high import volumes. Several big retailers reported in the wake of the strong shipping summer that they had overstocked and would try to pare back inventories in the fall.

Read Full Article

Retailers Say Imports Will Finish Strong Despite Sluggish Holiday Sales