Retail imports could have positive impact on summer sales
As retail sales continue to improve throughout the country, merchants are hoping that increased imports will contribute to further growth during the summer season. More merchandise imports, coupled with jumps in consumer confidence and spending, could result in successful sales over the coming months.
The City Wire reported that the Global Port Tracker produced each month by the National Retail Federation estimates that the import volume for retail merchandise will rise 1.1 percent this month when compared to the same time last year. While there is no certain way to determine whether this jump will absolutely lead to more retail sales, the source noted that these imports do measure merchants' expectations for the upcoming season, and conditions look positive.
Perhaps more imports will help boost businesses' sales throughout the summer. May's retail sales were better-than-expected, the Los Angeles Times reported. Data from Thomson Reuters revealed that sales increased 3.9 percent last month from April, beating the an estimated 3.7 percent rise.
As consumers spend more on merchandise, companies can effectively deal with this influx by using retail management software to oversee their revenues and process transactions from all payment forms.
