Blog: April sales as good as it gets?
Leonie Barrie | 9 May 2008
There was a mix of good news and bad news for retailers in April after many sales reports bucked recent downward trends – as expected – but analysts warned not to get their hopes up.
The good news was that following a dire March, when an early Easter and unseasonably cold weather helped keep consumers away from stores, April was a definite improvement. Warmer weather helped encourage purchases of spring and summer fashions, as did seep discounting to help shift merchandise.
The bad news, however, is that most consumers are still sticking to bargains or basics, as they contend with rising gas and food prices and the ongoing housing downturn. But while this is benefiting discount retailers such as Wal-Mart Stores, department stores and mall-based apparel specialists are suffering heavy losses.
Some analysts are now suggesting that April might be as good as it gets for many retailers this year, and that while cash-strapped consumers continue to seek out bargains, weak to slow growth may be the best they can expect.
Over the past month, Donald Trump and his team failed to offer any clear plan to ensure Americans would "Buy American, Hire American" - while the British government's attempts to clarify the specifics...
The Bangladesh government was forced to respond late last week to pressure over its crackdown on labour activists after a number of global brands and retailers, including H&M and Inditex announced pla...
Fresh from their disappointment at seeing the Trans-Pacific Partnership (TPP) free trade deal abandoned last month with an executive order by President Donald Trump, the US apparel and footwear sector...
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...
- Digitalisation and data to disrupt supply chains
- EU eyes mandatory due diligence for apparel supply
- Unlocks for the future fashion sourcing landscape
- What TTIP might mean for US, EU textiles & apparel
- Geo-political uncertainty and how to survive it
- Li & Fung forms supply chain partnership with PVH
- US Q4 in brief – Finish Line, Oxford Industries
- Big data to help US firms improve clothing fit
- Levi Strauss and ILO probe Cambodia factory death
- Sustainable fashion app to help shopping decisions
- Central and East Europe Report Package
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing