Retail sales projections inch up for the second half of the year
Data issued by the National Retail Federation lowered its 2014 retail sales forecast, due to a slow first six months of the year (and largely negatively influenced by the terrible winter weather), but noted that retail sales are expected to be strong over the next five months to finish the year.
in the NewsState of Logistics 2016: Pursue mutual benefit Signs of economic improvements are evident but there is a way to go FTR Shippers Conditions Index notes rate and supply trouble may be coming in 2017 Cranes going higher at Port of Oakland’s largest marine terminal Robotic Industries Association announces winners of Engelberger Robotics Awards More News
More often than not, the lion’s share of economic activity in the United States stems from consumer purchases, which comprise roughly two-thirds of domestic economic output.
That said, most anything and everything related to consumer spending is closely scrutinized and tracked, whether it be automotive and housing sales, and things more related to day-to-day consumer spending like department stores, big-box retailers, and e-commerce-related shopping, among things, as well. It also goes without saying that retail sales activity is closely monitored by supply chain stakeholders top determine things like volume trends according to seasonality and other things related to strategy such as asset allocation for motor carriers, railroads, and intermodal service providers, and also more forward-looking things like site selection for 3PL’s and warehousing and distribution types.
In short, when it comes to retail sales-related news and data, it is something that holds the ear of basically all supply chain stakeholders.
That is why it was interesting to see last week’s data issued by the National Retail Federation (NFR), in which the organization lowered its 2014 retail sales forecast, due to a slow first six months of the year (and largely negatively influenced by the terrible winter weather), but noting that retail sales are expected to be strong over the next five months to finish the year.
To read the complete article, please click here.
About the AuthorJeff Berman, Group News Editor Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. Contact Jeff Berman
Subscribe to Logistics Management Magazine!Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!
Carrier Consolidation Keeps Shippers Guessing Getting Value from the Cloud View More From this Issue