Tag: Luna New Year

corona

February US retail imports to see larger drop amid coronavirus

With coronavirus causing longer Lunar New Year shutdowns of factories in China, imports at major US retail container ports are expected to see a sharper-than-usual drop this month, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “February is historically a slow month for imports because of Lunar New Year and the lull between retailers’ holiday season and summer, but this is