Home / Knowledge / News / Apparel/Garments / Despite shutdown Oct retail imports grow at US ports
Despite shutdown Oct retail imports grow at US ports
13
Nov '13
Import volume at the nation’s major retail container ports grew 6.5 percent in October over the same month last year despite the government shutdown, and year-over-year increases are expected to continue for the remainder of the year, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.

“Retailers place their orders for merchandise months ahead of time, so cargo arriving at the ports in October and for most of the rest of the year was ordered long before anybody ever heard of a shutdown,” Vice President for Supply Chain and Customs Policy Jonathan Gold said.

“The question at this point isn’t how much merchandise arrived but how much consumers bought, and how they are going to react as economic talks continue in Washington. Lawmakers need to take steps that build confidence, not continue the uncertainty.”

While some government workers involved with clearing cargo were furloughed during the 16-day shutdown, U.S. Customs and Border Protection inspectors remained on the job and no major disruptions of cargo handling were reported.

The cargo numbers come as NRF is predicting that this year’s holiday sales will grow 3.9 percent over last year to a total of $602.1 billion. Cargo import numbers do not correlate directly with sales because they count only the number of cargo containers, not the value of the merchandise inside them.

August, September and October are the months when most of the holiday season’s merchandise is brought into the country. The 4.35 million cargo containers handled during those months combined represent a 4.3 percent increase over last year and account for 26.8 percent of all retail imports for the entire year.

U.S. ports followed by Global Port Tracker handled 1.43 million Twenty-Foot Equivalent Units in September, the latest month for which after-the-fact numbers are available. That was down 3.6 percent from August but up 2 percent from September 2012. One TEU is one 20-foot cargo container or its equivalent.

October was estimated at 1.43 million TEU, unchanged from September but up 6.5 percent from last year. November is forecast at 1.33 million TEU, up 3.3 percent from last year; and December at 1.31 million TEU, up 1.8 percent. January 2014 is forecast at 1.35 million TEU, up 3 percent from January 2013; February at 1.18 million TEU, down 7.5 percent from last year; and March at 1.33 million TEU, up 17 percent.

The total for 2013 is forecast at 16.2 million TEU, up 2.3 percent from 2012’s 15.8 million TEU. The first six months of 2013 totaled 7.8 million TEU, up 1.2 percent from the first half of 2012.

Hackett Associates Founder Ben Hackett said the 2.3 percent increase for the year is down from the previously forecast 2.7 percent partly due to the shutdown but also because of a relatively high inventory-to-sales ratio.

“The GDP forecast for the remainder of this year is not expected to be seriously impacted by the government shutdown and growth going forward should be back to its expansionary path,” Hackett said. “The first half of 2014 will bring solid growth back.”

As the world’s largest retail trade association and the voice of retail worldwide, NRF represents retailers of all types and sizes, including chain restaurants and industry partners, from the United States and more than 45 countries abroad. Retailers operate more than 3.6 million U.S. establishments that support one in four U.S. jobs – 42 million working Americans. Contributing $2.5 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

National Retail Federation


Must ReadView All

US commerce department finds dumping of low melt PSF

Textiles | On 20th Jun 2018

US commerce department finds dumping of low melt PSF

The US department of commerce (USDC) has announced affirmative final...

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search