Many retailers are still drawing down inventories now as peak season for orders begins.
Based on the concerns about cutbacks by consumers, 77% of all items being ordered this holiday season are middle-price point items, including jackets.
Traditionally, retail sector orders for peak season items are placed in late winter, or early spring.
Trucking, ground, rail profit hits For ground logistical firms, rail companies, and short-haul trucking, moving holiday products during peak season is a lucrative and critical time of year for making money.
The largest subgroup of survey respondents who predict placing higher freight orders (42%) pegged the increase in a range of 6%-10%.
Persons:
Patrick T, Cleary, Stephen Lamar, Jon Gold
Organizations:
Fallon, Bloomberg, Getty, CNBC Supply Chain Survey, Target, Walmart, CNBC, American Apparel & Footwear Association, American Footwear and Apparel Association, National Retail Federation, Council of Supply Chain Management, United National Consumer Suppliers, CNBC Fed Survey, Wall Street, Survey, Retailers, Chain, Labor
Locations:
West Coast, West