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

Recommended by Apparel Resources

Apparel brand The Limited files for Bankruptcy

US-based women’s apparel retailer, The Limited has filed for chapter 11 bankruptcy protection in the U.S. Bankruptcy Court with plans to sell its...

American retailer Target’s sales tumbles 4.9%

Target Corporation, the US-based retailer, has reported a decrease of 1.3 per cent in comparable sales during the combined November/December period. In the...

RYU partners with Polygiene for odour-free apparel

US-based athletic apparel brand, RYU Apparel Inc., has teamed up with Polygiene on a new line of Vapor tanks for men and women....

Zalando breaks € 1billion barrier in Q4

Zalando, Europe’s leading online fashion platform, reported its revenues worth Euro 1,086-1,094 million, up by 25-26 per cent in the fourth quarter of...

Hugo Boss unveils fourth quarter results

German luxury fashion house Hugo Boss has unveiled its financial report for the fourth quarter of the financial year 2016. Group sales declined 1...

Walmart to add 10,000 new retail jobs in US

Leading American multinational retail corporation Walmart has announced the creation of 10,000 new retail jobs in the United States as a result of...

Fashion brand UNIQLO to make its supply chain public

UNIQLO, Japanese fashion brand, manufacturer and retailer, has decided to make its supply chain public. The decision has been take in view of...

Australians still trust brick-and-mortar retailers more: Report

44 per cent of Australians made their last online purchase from a traditional retailer's online store while only 35 per cent purchased from...

2016 holiday season retail sales rise 4%: NRF

2016 holiday season retail sales during the period of November and December increased 4 per cent to US $ 658.3 billion over 2015....

Amazon to be the No. 1 apparel seller in US

Growing dominance of e-commerce giant Inc. in the apparel sector can create issues for fashion brands like Macy’s, Nordstrom and JCPenney…The online...