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.
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
- Does a hard Brexit mean hard times for UK fashion?
- Key trade issues facing US textiles and apparel
- Primark challenges critics with cotton initiative
- Li & Fung dropped from Hang Seng Index
- Bangladesh "high threat" for terrorist activity
- Vietnam apparel exports miss 2016 target
- Ralph Lauren new execs to support Way Forward Plan
- H&M leads Better Cotton league
- 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
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Global market review of lingerie – forecasts to 2022