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.
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...
Welcome back after the holiday break, and from the team here at just-style I’d like to wish all our readers a happy and prosperous New Year....
Apparel sourcing is a complex process built on a mix of location, logistics, lead-time, price, compliance, risk and reliability. And it's in a constant state of flux as retailers, brands and manufactu...
- Outlook 2017 – What next for apparel sourcing?
- $1.7bn package to boost Pakistan clothing exports
- Mexico riots hit apparel retailers and shipments
- Outlook 2017 – What else is the industry watching?
- Outlook 2017 – Strategies for sourcing success
- MAS Holdings planning second industrial park
- M&S quality focus finally lifts clothing sales
- Sri Lanka on track to regain EU GSP+ benefits
- Aéropostale to reopen 500 stores across the US
- JC Penney latest retailer to shutter stores?
- Global apparel markets: product developments and innovations, October 2016
- Anti-odour clothing: fresh fashion for an active lifestyle
- Global market review of lingerie – forecasts to 2022
- Outdoor performance apparel 2016: A broader perspective
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar