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

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Courtesy: Walmart

Apparel/Garments | On 18th Jan 2017

Walmart to create 34,000 new jobs in the US

The world’s biggest retailer and also the biggest US private sector...

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Anvita Mehra
Confidential Couture

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

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Marten Alkhagen
Swerea IVF AB

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Karan Arora
Karan Arora

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

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search