(Erica E. Phillips – Wall Street Journal)
Waves of imports streamed through U.S. seaports in September as retailers stocked up inventories ahead of the busy holiday shopping season.
In recent third-quarter earnings reports, appliance manufacturer Whirlpool Corp. , toy maker Hasbro Inc. and footwear maker Skechers USA Inc. reported boosts to their inventories, signaling confidence in American consumers heading into a critical selling period. Whirlpool’s stocks were up 4.3% to $3.3 billion from last year’s third quarter, Hasbro’s inventories rose 3.5% to $629 million and Skechers holdings grew 33% to $698 million.
“We’re trying to get everything as early as we can to be ready for the holiday season and going forward,” Skechers Chief Operating Officer David Weinberg said in a conference call on the company’s earnings. Click here to read more.