Blog: A Happy Christmas for retailers?
Leonie Barrie | 5 December 2003
UK consumers are expected to part with an impressive £72.6 billion during the festive season - but if the sales promotions in London at the moment are anything to go by it would seem that clothing and footwear firms are turning to special offers and discounts to secure their slice of this £2,900 per household spend.
Just back from a couple of days in the capital, I was surprised at how lacklustre and uninspiring many of the shops were, considering we’re just three weeks away from Christmas. Eveningwear promotions were everywhere, suggesting that retailers are getting nervous about their festive performance and realise there’s little to motivate customers into parting with their cash.
This evidence seems to fly in the face of forecasts which point to overall strong demand for clothing, stable consumer confidence and a general feel-good factor. In fact, if you listen to the pundits no one seems to be talking Christmas down.
But with so much of today’s spending financed by credit and an interest rate rise increasing the cost of borrowing, maybe both retailers and consumers are steeling themselves for a fall in the New Year. In a press release today Verdict Research says it believes the outlook for January will be much tougher. "Ironically the more people spend on Christmas, the more likely it becomes that the Monetary Policy Committee will raise interest rates in the New Year to curb borrowing and make it a tough start to 2004 for retailers.” If that's the case, it's a no-win situation.
With the ultimate aim of ensuring all the cotton in its products is sourced sustainably, value clothing retailer Primark is adamant that having a business model focused on offering the lowest prices o...
Last week we marked the inauguration of Donald Trump as the 45th president of the United States by taking a closer look at what's at stake for the textile and apparel trade – especially his promises t...
Continuing our look at what lies ahead for the apparel industry and its supply chain in 2017, the panel of industry experts consulted by just-style last week tackled likely shifts in the sourcing land...
This week our focus turns to first thoughts from a panel of industry experts consulted by just-style on the challenges and opportunities likely to face the apparel supply chain in 2017, with prospects...
- US apparel sector braces for potential cost hikes
- Trade Tracker – Trump's first weeks, Brexit agenda
- Vietnam grows share of US apparel imports in 2016
- Key trade issues facing US textiles and apparel
- Does a hard Brexit mean hard times for UK fashion?
- Bangladesh "high threat" for terrorist activity
- VF Corp sees Q4 and FY earnings tumble
- Sales at US clothing retailers jumped in January
- Ralph Lauren new execs to support Way Forward Plan
- US Q4 in brief – VF Corp, Kate Spade, Rocky Brands
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Outdoor performance apparel 2016: A broader perspective
- Technical textile markets: product developments and innovations, December 2016
- Global market review of lingerie – forecasts to 2022
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar