Blog: Cautious consumers
Leonie Barrie | 10 March 2008
One word seems to sum up US consumer sentiment just now: cautious. Shoppers tentatively returned to the stores in February, offering a bit of a reprieve for the nation's retailers, with discounters like Wal-Mart Stores and Target perhaps not surprisingly among the biggest winners.
But the weakest performers reporting their February sales results last Thursday included apparel stores such as Gap, Limited Brands and JC Penney, Wet Seal and Zumiez. Consumers, it seems, are focusing instead on necessities such as groceries and health products.
February might be one of the smallest months in terms of sales for retailers, but it marks the start of the all-important spring season. And historically, an early Easter doesn’t bode well for sales of warm weather clothes. Given the current climate, the consensus seems to be that the next few months are likely to be particularly challenging too.
Fashion retailer H&M and UK based glove and leather manufacturer Pittards both say they are monitoring the situation in Ethiopia closely after the country's government declared a state of emergency af...
Increasing competition for garment sourcing contracts is seeing China not only being challenged by other countries in Asia, but by sub-Saharan African and even Russian suppliers too. And it is pushing...
The monthly minimum wage for workers in Cambodia's textile, garment and footwear sector is set to rise to $153 from January next year, following a vote on the issue last week. The increase marks a ris...
The results of two highly-anticipated initiatives in the sportswear sphere were revealed last week: the launch of Under Armour’s new UAS lifestyle brand and the first pair of running shoes created at ...
- Fashion fit for the future – strategies for speed
- Digitisation to drive new apparel-making models
- Will new Vietnam wage hinder competitiveness?
- Under Armour Lighthouse will disrupt production
- How TAL Apparel is staying ahead of the game
- Child refugees found in Turkey apparel factories
- Gap to shutter all UK Banana Republic stores
- Chinese manufacturer invests $20m in US facility
- Reebok Liquid Factory reinvents shoe production
- M&S "unappealing" clothing a barrier to growth
- Africa-Med strategic sourcing review – comparing East Africa, North Africa and Turkey
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Apparel (GLOBAL) - Industry Report
- Global Sports and Fitness Wear Market 2016-2020