Home / Knowledge / News / Apparel/Garments / US retail imports expected to be up 4.8% in Jan
US retail imports expected to be up 4.8% in Jan
13
Jan '14
Import volume at the nation’s major retail container ports is expected to grow 4.8 percent in January over the same month last year, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates. Estimates show 2013 up 2.8 percent over 2012.

“Retailers are still assessing the holiday season, but they’re also looking ahead to see what will happen in the new year,” Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Based on these early numbers, 2014 looks like it should be off to a good start.”

U.S. ports followed by Global Port Tracker handled 1.37 million Twenty-Foot Equivalent Units in November, the latest month for which after-the-fact numbers are available. That was down 4.3 percent from October as imports for the holiday season wound down but up 6.5 percent from November 2012. One TEU is one 20-foot cargo container or its equivalent.

December was estimated at 1.35 million TEU, up 5 percent from 2012. If that estimate holds true once final numbers become available, 2013 will have totaled 16.3 million TEU, up 2.8 percent over 2012’s 15.8 billion TEU. That compares with 3.4 percent growth in 2012 over 2011.

The cargo numbers come as retailers are waiting to see final figures for 2013 holiday season sales, which NRF predicted would grow 3.9 percent to $602.1 billion. Imports during August, September and October, the months when most of the holiday season’s merchandise is brought into the country, totaled 4.35 million TEU, up 4.3 percent increase over 2012. Cargo figures do not correlate directly with sales because they count only the number of cargo containers, not the value of the merchandise inside, but are an indicator of retailers’ sales expectations.

January 2014 is forecast at 1.37 million TEU, up 4.8 percent from January 2013; February at 1.18 million TEU, down 7.5 percent from last year; March at 1.32 million TEU, up 15.9 percent; April at 1.4 million TEU, up 7.7 percent; and May at 1.46 million TEU, up 4.6 percent.

“The new year looks to be stronger than the outgoing one, with better-than-expected GDP figures, lower unemployment rates and continued low inflation,” Hackett Associates Founder Ben Hackett said. “Expectations of a stronger dollar will also help to increase consumer confidence as import prices continue to fall.”

NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs – 42 million working Americans.

National Retail Federation

Must ReadView All

Textiles | On 5th Dec 2016

Uster mill makes Indian yarn firm top supplier to China

Kikani Exports, one of India’s leading yarn suppliers, with 12 years...

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search