Blog: Downturn at Dolcis
Leonie Barrie | 23 January 2008
The demise of Dolcis is being hailed as the first big high street casualty of the credit crunch. Even the administrator tasked with trying to sell the shoe retailer, KPMG, has admitted that the business is a victim of tough trading conditions and is feeling the impact of tighter consumer spending.
But signs that all was not well with traditional shoe retailers have been around for some time. For much of the past five years chains such as Dolcis have been losing market share to fashion specialists such as New Look, Topshop and Primark for whom footwear has been an obvious source of extra revenue as their core clothing markets slow. Supermarkets too, such as Asda with its George range, have been able to benefit from the one-stop shop approach to buying everything from food to fashion to footwear under one roof.
In the face of such competition, traditional shoe sellers just haven’t been up to the challenge. Competing with the fashionability and newness of footwear ranges from clothing specialists has proved a hard act to follow, as has the convenience of buying a complete outfit under one roof.
The administrators of Dolcis are hopeful that a buyer will be found, given the strength of the brand. But there are also those who fear the retailer has simply reached the end of the road and may well be the first in a long line of retail victims whose vulnerability is exposed by tough trading conditions.
Some of just-style’s more eagle-eyed readers might have noticed a small change to the menu bar on the homepage: the addition of the word re:source. Yes it might be a small change – but it marks the co...
Over the past week just-style has continued to try to unravel the potential ramifications of Donald Trump’s election as the next president of the United States....
One event dominated the international airwaves last week, and on just-style too we took a closer look at the surprise election of Donald Trump as the 45th president of the United States....
As the Brexit roller-coaster continues to twist and turn, and the US presidential election campaign nears its unpredictable and possibly protectionist end, there's no doubt these events – and the perc...
- Steps to piloting living wage in garment factories
- US apparel retailers' November 2016 sales roundup
- Planning is key to an effective inventory strategy
- Why do modern robotics elude sportswear makers?
- Traditional financing is a misfit for fast fashion
- Esquel efficiency drive continues to boost brands
- US Q3 in brief – Genesco, G-III Apparel, Express
- Columbia waterproof jacket first made without PFCs
- Myanmar garment industry "lacking labour rights"
- North Face parka features synthetic spider silk
- Outdoor performance apparel 2016: A broader perspective
- Footwear Top 5 Emerging Markets Industry Guide_2016
- Global market review of lingerie – forecasts to 2022
- Global apparel markets: product developments and innovations, October 2016
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack