Import volume at the nation's major retail container ports is expected to grow 1.8 percent in December over the same month last year, and the year should end with an increase of 2.3 percent over 2012, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Despite concerns over the government shutdown, import volume at the nation's major retail container ports is expected to grow 9.1 percent in October over the same month last year, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates. The numbers reflect merchandise ordered months before the shutdown as retailers planned for the holiday season.
Import volume at the nation's major retail container ports is expected to increase 3.3 percent in May over the same month last year, but growth could trickle to a standstill by the end of the summer, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
President Obama didn't mention the word "retail" a single time in his State of the Union address. But retailers could nonetheless be widely impacted by proposals put forth in the annual speech to Congress, ranging from promises to create jobs and grow the economy to a plan to increase the federal minimum wage that is drawing headlines this morning.
With a tentative contract deal reached with East Coast and Gulf Coast dockworkers - though a key West Coast agreement remains unsettled - import cargo volume at the nation's major retail container ports is expected to increase 8.5 percent in February over the same month last year, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
The National Retail Federation released its 2013 economic forecast, projecting retail industry sales (which exclude automobiles, gas stations, and restaurants) will increase 3.4 percent*, slightly less than the preliminary 4.2 percent growth seen in 2012. The subdued forecast comes on the heels of a holiday season that went head-to-head with Washington's political wrangling over fiscal concerns, shifting consumers' spending plans downward. In the end, holiday sales in 2012 grew 3.0 percent.
A diverse coalition of more than 120 local, state and national stakeholders, ranging from farmers and manufacturers to retailers and wholesalers sent a letter to the International Longshoremen's Association (ILA) and United States Maritime Alliance Ltd. (USMX) urging both sides to remain at the negotiating table until they "reach a new long-term contract."
The retail industry will lose an estimated $3.48bn to return fraud this holiday season, down from $3.73bn last year, according to the National Retail Federation's annual Return Fraud Survey, completed by loss prevention executives at 103 retail companies. Annual return fraud will cost retailers an estimated $14.37bn in 2011, up slightly from $13.66bn in 2010.
