Container traffic to grow 9% in April
Import cargo volume at the nation’s major retail container ports is expected to grow 9% in April, compared with the same month a year ago, according to the monthly Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates.
“These numbers are an indication that the economy is recovering and retailers are expecting continued increases in sales through the summer and beyond,” said the NRF’s VP supply chain and customs policy Jonathan Gold. “There are challenges ahead from rising prices for gasoline and other essentials, but inventories are under control and retailers are optimistic.”
March is forecast at 1.2 million TEU, an 11% increase over March 2010. (One TEU is one 20-ft. cargo container or its equivalent.) April is forecast at 1.24 million TEU, up 9% from a year ago; May at 1.32 million TEU, up 4%; June at 1.38 million TEU, up 5%; July at 1.45 million TEU, up 5%; and August at 1.54 million TEU, up 8%.
The first half of 2011 is forecast at 7.4 million TEU, up 8% from the first half of 2010. For the full year, 2010 totaled 14.7 million TEU, a 16% increase over 2009. Last year’s percentages were high because 2009’s 12.7 million TEU was the lowest level seen since 2003.
“The economy is slowly on the mend with many of the key short-term indicators providing positive directions,” Hackett Associates founder Ben Hackett said. “Consumers are buoyed by falling unemployment and are somewhat freer with their money.”
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.
or..it could mean that
or..it could mean that everybody is trying to beat the price increases that are coming from overseas and have ordered a bunch to do so.
Lowe’s CEO’s pay package rose in 2010
According to an Associated Press report, Lowes’ CEO Robert Niblock’s pay package rose to about $12 million in 2010, up 3% from the previous year.
Niblock received a base salary of $1.1 million, but the bulk of his pay came in the form of stock and option grants, according to the article.
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Walmart plans remerchandising campaign
In an effort to recapture lost customers, Walmart will launch a promotional “It’s Back” merchandise campaign next month, according to an article in the Wall Street Journal.
The theme of the in-store promotion will be a remerchandising effort to return a number of items that had been removed from Walmart’s shelves. Fishing tackle, bolts of fabric and other “basic” products will broaden the assortment, ending Walmart’s failed strategy to appeal to more upscale shoppers, according to the article.
Duncan Mac Naughton, the former chief merchandising officer of Wal-Mart’s Canadian business, will oversee the effort as Walmart’s new head merchant in the United States.
Fishing tackle, bolts of
Fishing tackle, bolts of fabric and other “basic” products will broaden the assortment, ending Walmart’s failed strategy to appeal to more upscale shoppers, according to the article. Zubair
When Walmart stated "its
When Walmart stated "its back" It was a hope it related to the days when they supported US Manufactures and prided itself on selling products made in the USA. Walmart it appears are always trying to reinvent themselves. 2 or 3 years ago they "lost thier way" and went back to price and rollbacks, it is assumed that did not work because they tried to woo the upper echelons of our society, presumably they felt everybody else was penniless because they were out of work. It seems the monied blue bloods failed to recognize the opportunities and the guys who have plenty of time on thier hands want to go fishing. Maybe if they just thought about buying more US made products, thier up market idea might have had a chance. Mr. Sam Walton knew a thing or two he bought the products from the folks who were his customers. Walmart has a long way to go before the Chinese start flooding thier stores. God bless America.