Effects of US ports problems trickle into retailers’ - leatherbiz: Lea Leatherbiz

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Effects of US ports problems trickle into retailers’ results

15/04/2015
US leathergoods retailer Tandy Leather has said the effects of the recently resolved West Coast Port strikes are starting to be seen in revenue and profit, after the company ran short on inventory.

Sales for March were $7.1 million, up 1% compared to March 2014 sales of $7 million.

CEO Jon Thompson said: "Our March sales were a little soft, primarily because we are running tight on inventory. Product delivery has been slowed somewhat due to the issues at the West Coast ports. We anticipate that our April sales to be affected as well, while the port is returning to normal operations."

The company is among thousands of retailers that were affected by the four-month dispute, which also clogged up US hides, some of which are only just on their way to tanners in Asia, and beef.

Juanita Duggan, CEO of the American Apparel & Footwear Association, said: “Over half of all clothing and shoes sold in the United States are imported through West Coast ports. The delays resulting from this labour dispute at the West Coast ports went on for far too long, and led to costly delays and missed product deliveries for our members.”

Related stories:

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Tandy sales flat in “soft” market 02/09/2016
“Struggling” international sales for Tandy 05/08/2016
Tandy Leather CEO steps down following sales drop 19/02/2016
Will Leather Goods donates 3,000 bags to children 17/12/2015
Business getting tougher, says Tandy Leather 12/11/2015
Increased demand for leather hurts Tandy 13/05/2015
US beef industry moves on from shipping ‘crisis’ 13/04/2015
US beef counts the cost of port impasse 11/03/2015
Leather Pipeline: Chinese tanners turn to European hides 10/03/2015
New David Peters column 04/03/2015
The reasons why tanners are coping with ports strike pressures 24/02/2015
Leather and meat bodies pleased as $85 million-per-week dispute nears end 23/02/2015
White House takes action over west-coast ports 16/02/2015
Port congestion growing ‘critical’ for US beef industry 12/02/2015
Leather Pipeline: Currency losses, shipment frustration and confusion reign 10/02/2015

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