Retail container traffic to rise 16% in September
Washington, D.C. Import cargo volume at the nation’s major retail container ports is expected to be up 16% in September over the same month last year, according to a report released Tuesday by the National Retail Federation and Hackett Associates. The report noted that 2010 has already hit its peak and numbers will decline through the remainder of the year.
“Retailers have stocked up early on much of their holiday merchandise in order to avoid some of the supply chain disruptions seen earlier in the year,” NRF VP supply chain and customs policy Jonathan Gold said. “Cargo is still coming in, but the key question for sales will be what happens with employment and other factors that affect consumer confidence this fall. Retailers are hoping they’ve hit the right balance of supply and demand.”
U.S. ports handled 1.38 million Twenty-Foot Equivalent Units in July, the latest month for which actual numbers are available. That was up 5% from June and 25% from July 2009, and it was the eighth month in a row to show a year-over-year improvement after December broke a 28-month streak of year-over-year declines. (One TEU is one 20-ft. cargo container or its equivalent.)
August was estimated at 1.35 million TEU, a 17% increase over last year. September is forecast at 1.32 million TEU, up 16% from last year; October at 1.3 million TEU, up 9%; November at 1.2 million TEU, up 11%; and December at 1.11 million TEU, up 2%.
January 2011 is forecast at 1.06 million TEU, down 2% from January 2010.
While October is the traditional peak month of the annual shipping season as retailers bring in merchandise for the holiday season, July’s figures appear likely to stand as the peak for 2010, according to the report.
Global Port Tracker, which is produced for NRF by the consulting firm Hackett Associates, covers the U.S. ports of Long Angeles/Long Beach, Oakland, Seattle and Tacoma on the West Coast; New York/New Jersey, Hampton Roads, Charleston and Savannah on the East Coast, and Houston on the Gulf Coast.
German court approves Karstadt takeover plan
Berlin A German court has given the go-ahead for an investor to take over the country’s bankrupt Karstadt department store chain with its 25,000 employees, according to a Friday report by the Associated Press.
Karstadt has been under an insolvency administrator since parent Arcandor AG filed for protection in June 2009.
The German news agency DAPD reported that an administrative court in Essen on Friday approved a plan for financial investor Nicolas Berggruen to take over the chain. Berggruen was chosen to take over Karstadt in June but the plan then got delayed while negotiating over rent levels for its approximately 120 stores.
An agreement by the buildings’ owners to lower rents paved the way for a final deal this week, according to AP.
Duckwall-Alco same-store sales dip in August
Abilene, Kan. Duckwall-Alco Stores said late Thursday that same-store sales dipped 0.8% in August.
Total revenue rose 1.1% to $33.4 million due to improved inventory control, higher productivity and stronger marketing, said the company.