Home / Knowledge / News / Apparel/Garments / NRF projects retail import drop of 8.4% in Feb
NRF projects retail import drop of 8.4% in Feb
12
Feb '14
Import volume at the nation’s major retail container ports is expected to drop 8.4 percent in February from the same time last year as the shipping cycle reaches its slowest month of the year, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
 
“Ports and distribution centers are getting the break they deserve after the busy holiday season, but it won’t last long,” Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Retailers will be moving spring merchandise toward their shelves in just a few weeks, and early numbers point to a busy season ahead.”
 
U.S. ports followed by Global Port Tracker handled 1.3 million Twenty-Foot Equivalent Units in December, the latest month for which after-the-fact numbers are available. That was down 3.3 percent from November as the holiday season came to an end but up 0.6 percent from December 2012. The December numbers brought 2013 to a total of 16.2 million TEU, up 2.3 percent from 2012’s 15.8 million TEU. One TEU is one 20-foot cargo container or its equivalent.
 
January was estimated at 1.37 million TEU, up 4.5 percent from January 2013. February, historically the slowest month of the year, is forecast at 1.17 million TEU, down 8.4 percent from the same month last year. March is forecast at 1.29 million TEU, up 13.7 percent from last year; April at 1.39 million TEU, up 6.9 percent; May at 1.45 million TEU, up 4.2 percent; and June at 1.43 million TEU, up 5.6 percent. Those numbers would total 8.1 million TEU for the first half of the year, up 4.3 percent over last year.
 
The import numbers come as NRF is forecasting 4.1 percent sales growth in 2014, contingent on how Washington policies on economic issues affect consumer confidence.
 
“On the consumer side, there is continued hesitancy in spending as net disposable income remains virtually flat,” Hackett Associates Founder Ben Hackett said. “As a result, the inventory-to-sales ratio remains stubbornly high.”
 
Global Port Tracker, which is produced for NRF by the consulting firm Hackett Associates, covers the U.S. ports of Los Angeles/Long Beach, Oakland, Seattle and Tacoma on the West Coast; New York/New Jersey, Hampton Roads, Charleston, Savannah, Port Everglades and Miami on the East Coast, and Houston on the Gulf Coast. 
 
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. 
 
Hackett Associates provides expert consulting, research and advisory services to the international maritime industry, government agencies and international institutions.
 

National Retail Federation


Must ReadView All

Apparel/Garments | On 26th May 2016

PM expects Parliament to pass GST bill this year

Prime Minister Narendra Modi expects Parliament to pass the...

Apparel/Garments | On 26th May 2016

Bangladesh garment exports up 10% in July-April

Continuing the steady growth witnessed over the past few months,...

Textiles | On 26th May 2016

Spun yarn production growth in FY16 slowest in 4 years

India’s cotton yarn production grew by 2 per cent to 4,136 million kg ...

Interviews View All

Anvita Mehra
Confidential Couture

At what rate is the luxury products market growing in India? How are...

Amit Jain
Shingora Textiles Ltd

What benchmarks in design and production need to be met in the manufacture ...

Victor Chao
Esmetex

Could you describe the global market for sportswear? Which are the...

Mark Paterson
Technical Absorbents Ltd

<b><i>Mark Paterson, R&D manager of Technical Absorbents Ltd talks about...

Iago Castro Asensio
RCfil Distribuciones S.L.

<b><i>Iago Castro Asensio, International Business Manager of RCfil...

Silke Brand-Kirsch
Schlegel und Partner

<b><i>Silke Brand-Kirsch, executive partner of Schlegel und Partner, a...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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
May 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search