SUPPLY CHAIN

Record imports expected as West Coast port talks continue

BY Katherine Boccaccio

Washington, D.C. — The Global Port Tracker report released by the National Retail Federation and Hackett Associates said that import volume at major U.S. container ports is expected to hit an all-time record in August.

Retailers concerned about the lack of a West Coast longshoremen’s contract are rushing to bring holiday season merchandise into the country, according to NRF.

“The negotiations appear to be going well but each week that goes by makes the situation more critical as the holiday season approaches,” NRF VP for Supply Chain and Customs Policy Jonathan Gold said. “Retailers are making sure they are stocked up so shoppers won’t be affected regardless of what happens at the ports.”

Import volume at U.S. ports covered by the Global Port Tracker report is expected to total 1.54 million containers this month. That’s the highest monthly volume since NRF began tracking import volume in 2000, topping a previous record of 1.53 million set in July and unusually high numbers seen this spring as retailers began importing merchandise early in anticipation of this summer’s contract talks.

The contract between the Pacific Maritime Association and the International Longshore and Warehouse Union expired on July 1. Dockworkers remain on the job as both sides continue to negotiate a new agreement. Both sides have reported that talks have been “productive,” and NRF has urged both labor and management to avoid any disruptions that could affect the flow of back-to-school or holiday merchandise.



U.S. ports followed by the report handled 1.48 million Twenty-Foot Equivalent Units in June, the latest month for which after-the-fact numbers are available. That was down 0.38% from May but up 9.1% from June 2013. One TEU is one 20-foot cargo container or its equivalent.



July was estimated at 1.53 million TEU, up 5.8% from the same month last year, and August is forecast at 1.54 million TEU, up 3.6% from last year. September is forecast at 1.48 million TEU, up 2.8% from last year; October also at 1.48 million TEU, up 3.3%; November at 1.37 million TEU, up 2%; and December at 1.34 million TEU, up 2.1%. Those numbers would bring 2014 to a total of 17.1 million TEU, an increase of 5.2% over 2013’s 16.2 million.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
REAL ESTATE

M&M’S World makes Asia debut with Shanghai flagship

BY Katherine Boccaccio

Shanghai, China — M&M’S celebrated the grand opening of its first M&M’S World store in Asia – M&M’s World Shanghai, a 17,000+-sq.-ft. entertainment destination that marks the brand’s fifth M&M’s World flagship store. Current flagships include Times Square, New York; Orlando; Las Vegas; and Leicester Square London.

Spanning two floors and combining iconic Chinese landmarks and cultural elements, the store features a large array of candies and M&M-branded merchandise.

“We are thrilled to add M&M’S World Shanghai store to our global store footprint,” said Brian Schiegg, general manager, Mars Retail Group. “Shanghai is the ideal city for the first M&M’S World store in Asia, due to the city’s truly global feel and appeal.”

The latest flagship is located in the Brilliance Shimao International Plaza on one of the busiest pedestrian streets in China. Interior design and entertainment elements include Yellow Panda in the Bamboo Garden, a large Moon Gate that previews the Great Wall of Chocolate, and daily performances by M&M’S characters.

“The opening of M&M’S World Shanghai, a partnership between the M&M’S brand and Mars Retail Group, represents a significant investment and commitment to the Chinese market by Mars, Incorporated,” said Clarence Mak, president, Mars Chocolate China.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
MARKETING/SOCIAL MEDIA

Survey: Parents likely to play/spend once kids leave for school

BY Katherine Boccaccio

Austin, Texas — A Shoppers Trend report released by RetailMeNot found that, once kids leave the nest, parents are just as ready as their kids to start a new chapter in life. In fact, nearly three-in-four parents (74%) surveyed indicated they would do things differently once their kids leave the house, with traveling (42%), spending time with friends (37%) and pampering themselves (33%) topping the list of changes.

According to the survey, conducted in conjunction with The Omnibus Company, nearly eight-in-10 (79%) parents who say they would do things differently when their child left for school admit they’d make a major change such as moving, buying a TV or car, traveling or renovating their current home. Nearly three-in-four (72%) respondents who plan to make a major change indicate they would do it within six months of their child leaving for school.

Additionally, moms and dads react differently when their kids go away. The survey found that females are more likely to spend time with friends and pamper themselves, while males are more likely to buy material items after their children leave for school.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...