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Many retailers accelerated merchandise receipts anticipating the strike and planning early holiday campaigns but see possible disruptions receiving reorders and early spring styles.
With the East and Gulf Coasts port strike continuing, U.S. retailers are getting increasingly anxious about their holiday season.
They already had low expectations for sales gains in the 2 to 3 percent range, but now with container ports shut down from Maine to Texas, there’s a growing undercurrent of concern, in particular about the back end of the season, when they could experience a dearth of replenishment and early spring goods. Those orders typically arrive in stores around December and will be floating on water rather than sitting on shelves and in warehouses, if the strike persists.
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Retail Contingency Plans
“Bigger companies like Kroger and Costco with large warehouses storing merchandise can handle supply chain disruptions better than smaller retailers operating with just-in-time inventory which are going to be harder-pressed,” said Darpan Seth, chief executive officer of Nextuple, a software and advisory firm for inventory and order management.
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View the full Women's Wear Daily article: Retail Angst Over Port Strike Grows.
