Blog: Consumers’ choice
Leonie Barrie | 20 March 2006
Being named the ‘Consumers’ Favourite Retailer’ for the second consecutive year isn’t just good news for Marks & Spencer; it’s pretty good for the UK fashion market in general too. Successfully trouncing non-clothing retailers such as HMV, Woolworths and B&Q in its bid for the top slot, M&S’ good fortune shows just how important fashion is in overall spending priorities.
I guess it also shows just how fickle this market can be too. M&S has been voted the consumer choice for two years in a row, but it wasn’t so long ago that it was struggling to pick itself up from an all-time financial low, a series of management reshuffles, and almost constant sniping about its clothing offer.
It now looks at though M&S has found its footing again and is once more offering the right balance for consumers. Its clothing prices have dropped by around 7% (from an average item price of £10.74 in 2004 to £10.03 in 2005) and marketing to the store group’s traditional older customer has vastly improved. And there’s still room for improvement – which loosely translates as growth – if it can work just as hard to broaden its appeal to the younger end of the market. If it puts all hands to the deck we may just see the retailer picking up its third ‘favourite retailer’ award next year.
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...
- Li & Fung eyes speed, innovation & digitalisation
- Digitalisation and data to disrupt supply chains
- 3D CAD comes of age
- EU eyes mandatory due diligence for apparel supply
- Unlocks for the future fashion sourcing landscape
- Li & Fung forms supply chain partnership with PVH
- Big data to help US firms improve clothing fit
- Labour rights risk Bangladesh EU trade benefits?
- Apparel group Sae-A opens second school in Haiti
- US Q4 in brief – G-III Apparel, Finish Line
- Central and East Europe Report Package
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras
- Outdoor performance apparel 2016: A broader perspective
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack