Subscribe to our free, weekly email newsletter!


Retail sales projections inch up for the second half of the year

By Jeff Berman, Group News Editor
July 28, 2014

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 Author

Jeff Berman headshot
Jeff 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. .(JavaScript must be enabled to view this email address).


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!

Recent Entries

Largely feeling the effects of the recently resolved West Coast ports labor disruption, railroad and intermodal volumes in February were down annually, according to data released by the Association of American Railroads (AAR) this week.

The year 2015 marks a major milestone for the industry, MHI is celebrating its 70th anniversary at ProMat 2015, held March 23-26, 2015.

While the Federal Motor Carrier Safety Administration has made strides in regards to better oversight of motor carriers through its Compliance, Safety, Accountability (CSA) and chameleon vetting safety programs, there is room for improvement for it to improve its oversight to better target high-risk carriers. That was the thesis of a report released this week by the United States General Accountability Office

With an eye on capitalizing on future trade and commerce growth in South Asia, express delivery and logistics services provider DHL today rolled out its plans to build an $85 million EUR ($93 million USD) DHL Express South Asia Hub, which will be a 24-hour express hub facility within the Changi Airfreight Center at the Singapore Changi Airport.

While the Federal Railroad Administration (FRA) has long stated its goal of having Positive Train Control (PTC) technology installed on 40 percent of its network by December 31, 2015, railroad industry stakeholders have repeatedly stated that reaching that deadline would be a stretch. It now appears that the railroad sector has some members of Congress sharing the same line of thought with legislation rolled out this week that pledges to extend the PTC deadline to 2020.

Article Topics

News · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA