Import data is revealing a decline in holiday product shipments with retailers like Walmart reducing their imports.
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00:00Will Santa be delivering fewer Christmas toys to the U.S. this year?
00:05Import data is revealing a decline in holiday product shipments, with retailers like Walmart
00:10reducing their imports ahead of what's expected to be a lackluster holiday season.
00:15According to exclusive U.S. import data, Walmart, the world's largest retailer, brought in only
00:21340 tons of goods in the year ending September 30, a 65 percent drop from the 980 tons it
00:29imported the prior year. This year, many retailers are hoping to avoid the costly
00:34scenario of having too much excess inventory after the holiday season.