Q2 Imports Still Dropping, but Show Sequential Improvement
The volatile marketplace pushed down imports for the Apr.-Jun. period 7.1% to $4,392.6 million from $4,730.7 million, the sixth consecutive decline that we have measured, but this quarter’s decline was less than the 12.5%, 9.9% and 17.5% declines we found in the previous three quarters, suggesting that the market is beginning to stabilize. The exception to that would be the beleaguered Apparel category, which has seen dramatic declines all year and saw its rate of decline increase to 60.1% from 49.6% and nearly top the 75.8% decline we tracked in Q4 of last year. Sneaker imports remained healthy at a ... Log in to view full article.