August merchandise imports to show first increase since May
Washington, D.C. — Following negative numbers in four of the last five months, import volume at the nation’s major retail container ports is expected to grow 1.7% in August over the same month last year and should continue to see gains through the holiday season and the remainder of 2013, according to the monthly Global Port Tracker report released Tuesday by the National Retail Federation and Hackett Associates. The year is expected to end with a 2.4% increase over 2012.
“As the economy continues to slowly improve, retailers are stocking up for their most important sales season of the year,” NRF VP for supply chain and customs policy Jonathan Gold said. “Merchants have been very cautious so far this year, but our forecasts show that they plan to make up for it in the next few months.”
Anna’s Linens optimizes site for mobile
Costa Mesa, Calif. — Anna’s Linens is optimizing its e-commerce site for mobile device users. The retailer says nearly one-third of its online traffic originates from mobile devices, prompting the move.
Mobile site customers can browse and access the same offers and merchandise assortments found on AnnasLinens.com, as well as manage their accounts, review order histories and find store locations. Users can also share preferred products via social media sites such as Pinterest, Facebook and Twitter. Anna’s Linens is taking an omni-channel approach, allowing customers to apply store and online coupons to the mobile shopping site and automatically transferring anything saved in a personal mobile cart to the e-commerce site, and vice versa.
“This launch was long anticipated,” said Steven Strickland, VP marketing and e-commerce at Anna’s Linens. “Considering 30% of the traffic to our e-commerce site came from a mobile device, we knew creating a more user-friendly mobile site was a top priority. The debut of our mobile site has quickly been embraced by our customers, as it provides them with a seamless shopping experience from any location.”
Expert Analysis: July Retail Sales
Sterne Agee chief economist Lindsey M. Piegza comments on July retail sales gain of 0.2%:
Headline retail sales rose 0.2% in July, slightly less than expected but last month’s sales were revised up two-tenths from 0.4% to 0.6%. This is the fourth consecutive monthly increase in retail sales. Excluding autos, retail sales rose 0.5%, the strongest monthly gain since February.
Gasoline station sales rose 0.9% in July after a 0.6% increase the month prior. Year-over-year gasoline station sales are up 5.3% NSA. Excluding gasoline purchases, retail sales are up just 0.1% for the month, down from +0.6% in June. On a three month annualized basis, sales less gasoline are up 5.6%, little changed from a 5.5% pace at the end of the second quarter.
Auto purchases fell 1.0% after an impressive near 3% increase in June. Year-over-year auto sales are up 15% NSA. Excluding autos and gas, retail sales rose 0.4% in July after no change in June (+0.03%). On a three-month annualized basis, core sales rose 2.9% in July, down from a 3.3% pace in June.
Further details: Food and beverage sales rose 0.8% in July, and health and personal care purchases increased 0.7%, both more than tripling last month’s increase. Clothing purchases rose 0.9% after no change in June, sporting goods sales rose 1.0%, and general merchandise sales increased 0.4% thanks in part to a 0.6% gain in department store purchases after several consecutive months of declines. Miscellaneous sales rose 0.8% after falling 1.6% the month prior, non-store retailers rose 0.1%, and eating and drinking retailer’s sales increased 0.6% in July.
Furniture purchases dropped 1.4% after a 2.5% rise, electronics sales dropped one-tenth and building materials sales fell 0.4% in July, the second consecutive monthly decline. Excluding autos and building materials, sales are up 0.5% for the month.
Bottom line: Consumers continued to spend through the first quarter despite onerous tax increases. But by the second quarter, while consumers were still spending, momentum had slowed. Many will argue at this point it is clear the burden of higher taxes and spending cuts have run their course. But the effects of tax increases often take time to filter into consumers’ long-run spending patterns, and with government furloughs taking effect coupled with modest employment gains and minimal income growth, there is plenty of cause for caution. While positive, this morning’s retail sales report was far from robust, and not yet enough to eradicate fears of a consumer slowdown undermining growth in the second half of the year.