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Weekend Newsletter September 29, 2024
## Dig deeper into today's stories:
September 29, 2024 Retail Sales & Strategies for Retail Business Success 📊 Explore the Latest on How a Potential East and Gulf Coast Port Strike Could Impact Retailers, A Surge in Imports Indicates Increased Consumer Demand in Q4, Discretionary Shopping Is Recovering One Category at a Time, and Our Latest Promotions and Exclusive Offers!
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### Retail News
Retailers Sound Alarm on Imminent Port Strike via Chain Store Age
Retailers are bracing for potential disruptions as negotiations between dockworkers. and port operators stalled and the labor contract set to expire on September 30. A strike could lead to port congestion, vessel delays, increased shipping costs resulting in another round of supply chain disruptions.
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An East and Gulf Coast Port Strike could shut down 36 Ports from Maine to Texas, handling about 50% of goods shipped in and out of the United States.
The Port of Los Angeles, the largest seaport in the U.S. reported 60% year-over-year growth in imports in July 2024.
### Market Trends
Record-High Imports Indicate Retailers Are Preparing for Strong Q4 Consumer Demand via Motive
As imports surge ahead of a potentially record-breaking holiday season, data from major ports forecasts strong consumer demand in Q4. Retail businesses are ramping up restocking efforts, with the Port of Los Angeles seeing a 60% year-over-year growth in imports, as they prepare for heavy in-store holiday traffic.
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### Consumer Insights
Discretionary Spending is Recovering One Category at a Time via Retail Brew
Survey data from KPMG reveals that discretionary spending is making a comeback, with consumers expected to increase their spending on categories such as apparel, personal care, and home products and more this fall.
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Discretionary spending is on the rise — giving businesses a prime opportunity to refresh their inventory and drive sales this season.
Secure your Halloween inventory - from festive party favors and candy buckets to seasonal housewares!
### 4sgm.com News
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1. Holiday Specials:Secure the best assortment for your store this holiday shopping season before we start selling out! Shop Back to School Shop Halloween Shop Christmas
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