(Andria Cheng – Marketwatch)
Declining mall traffic and subdued wage growth are not the only challenges facing retailers this holiday. A contract dispute between West Coast dockworkers and port operators may well turn out to be their biggest headache.
The dispute has already caused slowdowns at Los Angeles and Long Branch ports, as well as the port city of Tacoma in Washington State. The West Coast ports handle the bulk of the cargo shipped into the United states, equal to about 40% of the total.
“This is an issue that impacts not just retailers,” said Jonathan Gold, National Retail Federation’s vice president for supply chain. “There may not be merchandise on shelves come the holiday.” Read more here.