Home / Knowledge / News / Apparel/Garments / US April retail imports expected to hike 6.1% - NRF
US April retail imports expected to hike 6.1% - NRF
08
Apr '14
Import volume at the nation’s major retail container ports is expected to increase 6.1 percent in April, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
 
“With winter over, retailers are stocking up in anticipation of a busy spring and summer,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Consumers can expect plentiful supplies of merchandise.”
 
“A busy time is expected over the next few months, so retailers are keeping a close eye on the labor situation at West Coast ports to ensure that cargo continues to move smoothly,” Gold said, noting that the current contract for West Coast dockworkers expires June 30 but negotiations are not expected to begin until mid-May. “Companies are already exploring contingency plans in case of a disruption.”   
 
U.S. ports followed by Global Port Tracker handled 1.26 million Twenty-Foot Equivalent Units in February, the latest month for which after-the-fact numbers are available. February is historically the slowest month of the year, and the number was down 8.4 percent from January and 1.4 percent from February 2013. One TEU is one 20-foot cargo container or its equivalent.
 
March was estimated at 1.31 million TEU, up 15 percent from the same month last year. April is forecast at 1.38 million TEU, up 6.1 percent from last year; May at 1.44 million TEU, up 3.8 percent; June at 1.43 million TEU, up 5.5 percent; July at 1.49 million TEU, up 3.1 percent, and August at 1.51 million TEU, up 1.2 percent. The first half of the year is expected to total 8.2 million TEU, up 5.5 percent over last year.
 
The total for 2013 was 16.2 million TEU, up 2.3 percent from 2012’s 15.8 million TEU.
 
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. Cargo volume does not correlate directly with sales but is a barometer of retailers’ expectations.
 
“There is positive news with both the rebound in U.S. retail sales in February and the new filings for jobless benefits hitting a fresh three-month low last week, suggesting that the economy is gaining momentum,” Hackett Associates Founder Ben Hackett said. “Our forecast continues to reflect the economic rebound and we remain convinced that 2014 will have sustainable growth.”


Must ReadView All

Courtesy: ICTSD

Textiles | On 6th May 2016

EU, US negotiators push to complete TTIP deal in 2016

European and US negotiators for the Transatlantic Trade and...

Courtesy: Kate Spade & Co

Apparel/Garments | On 6th May 2016

Kate Spade & Co’s net sales up 14.5% in Q1 2016

Kate Spade & Company, owner of two lifestyle brands – Kate Spade New...

Courtesy: Aeropostale

Apparel/Garments | On 6th May 2016

Aéropostale to use bankruptcy filing to revamp business

American specialty retailer of casual apparel and accessories,...

Interviews View All

Sivakumar Narayanan
Uster Technologies Ltd.

How do customers react normally in cases of contaminated cotton yarn in...

William R. Adler
True Fit

How is technology helping retailers to enhance the shopping experience of...

Sachin Arora
Myntra

How prevalent are engagement practices in the Indian corporate houses? Can ...

Carlos Richer
Richer Investment

Mr. Carlos Richer is the Director of Richer Investment, Diaper Consulting...

Dr. Razvan Popescu
Bozzetto Group

Dr. Razvan Popescu is the Business Unit Head of the Textile Chemicals...

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

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

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
April 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


feedback
We would love to hear from you about your experience using the new interface. A quick review of yours would help us give you a better experience.
Advanced Search