Blog: Gap's "less is more" philosophy
Leonie Barrie | 4 March 2013
US retail giant Gap is making huge strides in becoming more responsive to what its customers really want, with a new "less is more" philosophy combining with improved speed to market enabling it to take fewer risks with its assortment.
Speaking after the company posted strong gains in its fourth quarter and full year profit, chairman and CEO Glenn Murphy said the retailer has improved its ability to restock or increase orders of popular items in season.
Department store operator JC Penney, however, has been forced to abandon a central part of its turnaround plans after the strategy failed to gain traction with consumers. Widening fourth quarter and full year losses have prompted it to return to a more promotional offer, ending an earlier shift to an everyday low pricing model.
A meeting between stakeholders in the Bangladesh ready-made garment industry has been described as "a step forward" after they agreed to work together on workers' rights, minimum wages and fire safety. Progress has seen retailers Inditex and New Look pay compensation to the families of victims of the Smart Export Garment factory fire, while C&A is making funds of US$1m available to support victims of the fire at Tazreen Fashion. C&A has also started an in-depth fire safety audit at all of its suppliers in Bangladesh.
But the long-running Better Factories Cambodia (BFC) monitoring programme is in urgent need of reform, according to a new report, which suggests the country's reputation as a standard-bearer for apparel workers' rights is "wearing thin".
There are challenges, too, when it comes to Burma. The poorest country in South East Asia is seen as having untapped garment production and sourcing potential thanks to its low labour costs, large workforce and beneficial access to rich consumer markets. But it also faces considerable challenges if it is to become competitive.
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
- How to ensure sustainability is more than a slogan
- US apparel retailers' November 2016 sales roundup
- Trump blows the case for Brexit out of the water
- Why do modern robotics elude sportswear makers?
- US Q3 in brief – Sears, Vince Holding, Genesco
- Esquel efficiency drive continues to boost brands
- Taiwan textile maker investing in first US plant
- Outdoor apparel sector set for double-digit growth
- Myanmar garment industry "lacking labour rights"