Blog: Good seasonal sales
Leonie Barrie | 6 January 2010
Festive sales figures trickling in over the past few days suggest that John Lewis, Next and even Marks & Spencer have all had a Happy Christmas.
Department store chain John Lewis posted a 15.8% rise in total sales for the five weeks to 2 January, driven by a 22% jump in demand for its fashion lines. Fashion retailer Next lifted its profit forecasts after sales in the 22 weeks to Christmas Eve rose 4.6%. And at M&S, clothing was the best-performing category, helping drive a 2.6% uplift in group sales for the 13 weeks to 26 December.
The results might all relate to different timeframes, yet the trends are definitely moving in the same direction.
But while consumer spending has undoubtedly been helped by record low interest rates, lower-than-expected unemployment, and shoppers’ determination to treat themselves after a year of cutting back, we are still being warned not to read too much into the results.
Instead, 2010 remains shrouded by looming tax hikes, the country's dire public finances, government spending cuts and rising interest rates – all of which could hit UK consumers hard and curb sales of non-essential items like clothing.
And it’s important not to forget that this year's trading figures have been helped by strong comparisons with dire trading during the depths of the recession last year.
A gloomy prognosis, perhaps, but one that should not be overshadowed by some good seasonal sales.
Confirmation that digital supply chains are top of mind for apparel industry executives came last week with the latest plans from global sourcing specialist Li & Fung....
As a barometer of the issues top of mind for apparel sourcing executives, it is hard to beat the annual Prime Source Forum in Hong Kong. ...
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...
- Rana Plaza four years on – Timeline of change
- Trump and Brexit get a dose of pragmatism
- Using worker surveys to drive supply chain change
- Industry groups reaffirm commitment to Bangladesh
- Where does VF supply chain sit in growth strategy?
- US textile industry applauds Trump executive order
- Inditex, Adidas and Patagonia top ethical report
- Gap unveils five-year sustainable fibres pledge
- Pentland Brands reveals Berghaus factory list
- Calls for supply chain transparency standard
- Global market review of denim and jeanswear – forecasts to 2022
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Myanmar - ISA Country Report
- Clothing Market in the Top 5 American Countries to 2021 - Market Size, Development, and Forecasts