March Retail Imports Set Single-Month Record, Says NRF
U.S. retail ports handled 2.27 million 20-foot containers or their equivalents in March, up 21.2% from February, reported the National Retail Federation Friday. It was the highest single-month volume since NRF began tracking imports in 2002, it said. “Despite the…
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continuing pandemic, most consumers are in good financial health and aren’t hesitating to spend,” said Jonathan Gold, NRF vice president-supply chain and customs. “More spending translates into more merchandise arriving at our ports as retailers continue to meet increasing demand.” The March volume was up 64.9% from 2020, but the year-over-year growth “was artificially high because many Asian factories had shut down” in March 2020 due to COVID-19, and “most U.S. stores were being ordered to close,” said NRF.