Strong holiday season for retailers in 2016-17: NRF | Retail News USA
Home » News » Retailers News » Strong Holiday Season For Retailers In 2016 17 Nrf

Strong holiday season for retailers in 2016-17: NRF


READ MORE ON Holiday SeasonMarket ReportNRFRetail Information

Washington Port

Image Courtesy:

Major US’ retail container ports are noting an unexpected growth in imports during the busy holiday season, according to the monthly Global Port Tracker report by National Retail Federation and Hackett Associates. “We are not expecting final sales numbers for few more days, but yes, with import volumes we can see retailer’s strong holiday season,” NRF’s Vice President for Supply Chain and Customs Policy Jonathan Gold said.

According to the reports, ports covered by Global Port Tracker handled 1.64 million twenty-foot equivalent units (TEU) in November; December is estimated at 1.54 million TEU, up 7 per cent Y-o-Y instead of expected 3.2 per cent rise. Additionally, NRF’s annual forecast called for US $ 655.8 billion in 2016 holiday sales during November and December, a 3.6 per cent increase over 2015. November sales were up by 5 per cent Y-o-Y, and the Commerce Department is scheduled to release December data soon.

Also ReadHalloween spending to reach US $ 8.4 billion mark: NRF
Cargo volume for 2016 is now estimated at 18.8 million TEU, up by 2.9 per cent from 2015 as against previously expected 2 per cent. Total volume for 2015 was 18.2 million TEU, up by 5.4 per cent from 2014.

January is forecast at 1.57 million TEU, up by 5.7 per cent from January 2016; February at 1.52 million TEU, down 1.5 per cent from last year; March at 1.41 million TEU, up by 6.5 per cent from last year; April at 1.55 million TEU, up 7.3 per cent, and May at 1.61 million TEU, down by 0.5 per cent.

“Economic data is fickle by nature – it surges and falls and often surprises us,” Hackett Associates Founder Ben Hackett said, referring to some of the contradictory economic numbers seen over the past year. “There is both optimism and pessimism, pointers are there only for showing growth as well as ‘destagnation’,”he added.


Have some news? Let us know on

Comments are closed.

Recommended by Apparel Resources invests £ 315.5 million in Farfetch

A strategic deal has been inked between Farfetch, a global fashion e-commerce platform and, one of China's biggest e-commerce companies, to help...

Nordstrom Rack to open in Wisconsin (US)

Nordstrom, US-based leading fashion specialty retailer, has announced to open a Nordstrom Rack store at Bayshore Town Center in Glendale, Wisconsin, USA. The...

Sears Canada files for bankruptcy

Sears Canada Inc. has announced that Sears Canada and certain of its subsidiaries have applied in Ontario Superior Court of Justice (Commercial List)...

Old Navy opens maiden store in Vietnam

Fashion brand Old Navy has opened its first store in Vietnam. The store, which is located on the lower B1 floor of Vincom...

The Children’s Place to open stores across Southeast Asia

The Children’s Place, the largest pure-play children’s speciality apparel retailer in North America, is all set to unveil new stores across Southeast Asia....

Burberry’s Chairman to depart

Sir John Peace, who has been the Chairman of UK-based global luxury brand Burberry since 2002, is likely to depart from the company...

Amazon India sees rise in demand for yoga fashion merchandise

E-commerce giant Amazon has witnessed increase in demand for yoga fashion merchandise in Indian market. The retailer has seen a growth of over...

Amazon now lets you try clothes before buying!

Buying clothes online sometimes becomes painful as the pair of shirt and trousers you bought, might just not fit. And then comes even...

Dollar General names new EVP & CIO

Dollar General Corporation, an American chain of variety stores headquartered in Tennessee, has announced appointment of Carman Wenkoff as Executive Vice President and...

C&A Europe appoints new CEO

COFRA Holding has announced appointment of Alain Caparros to the position of Chief Executive Officer (CEO) for its C&A Europe retail business, effective...