US retail sales weather the storms in October
While US retailers have yet to weigh up the full impact of Hurricane Sandy, first figures show sales growth held up in October.
US retailers have yet to weigh up the full impact of Hurricane Sandy, which hit the US East coast earlier this week between the back-to-school spending rush and the all-important shopping fest that lies ahead.
US apparel giant Gap Inc has today (1 November) posted a 4% increase in comparable sales during October on the back of growth at its North American businesses.
The following is a general roundup of US apparel and shoe retailers' October 2012 sales results.
As Hurricane Sandy swept along the US East Coast earlier this week, US retailers were forced to close up to 10% of their stores, according to latest figures. As retailers begin to reopen stores again, analysts are now weighing up the long-term impact of the storm on apparel and footwear sales.
- Nike reaffirms US production commitment
- M&S to launch supply chain human rights policy
- Levi Strauss raises the bar on sustainability
- Gap and H&M back Myanmar path to labour reform
- VF pushes ahead on chemicals management
- Myanmar minimum wage set at US$3.2 per day
- China cotton stockpile auction may shake up market
- Far Eastern to invest $323m in Vietnam textile hub
- Over 8,000 children in Delhi garment industry
- US retail landscape "mediocre" over next 5 years