Club holdings Amazon , Costco , Home Depot , and Best Buy have been preparing for the port strike for months — attempting to blunt any fallout it might have on their abilities to get goods from overseas.
They added that 60% to 70% of those imports arrive at East Coast and Gulf Coast ports.
To put things in perspective, for retail goods, the East Coast ports are less utilized than the West Coast ports, Basham said.
Due to its size, however, Best Buy often gets priority from its shippers, which could help secure goods faster than smaller competitors.
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Persons:
Walkouts, We're, Jeff Marks, Seth Basham, Basham, Lorraine Hutchinson, Bank of America Merrill Lynch, it's, They're, Ron Vachris, We've, Marc Wulfraat, Wulfraat, Wedbush's Basham, Jim Cramer's, Jim Cramer, Jim, Maher, Shannon Stapleton
Organizations:
Longshoremen's Association, United States Maritime Alliance, U.S, Costco, Home, CNBC, Barclays, Retailers, Bank of America, International Longshoremen's Association
Locations:
East Coast, Gulf, Maine, Texas, Gulf Coast, East, West Coast, Elizabeth , New Jersey, U.S