Blog: Leonie BarrieMonthly sales reports lose further weight

Leonie Barrie | 5 October 2012

When we launched just-style's 'Retail Roundup' column a decade ago, 22 US apparel and footwear retailers reported their monthly same-store sales results. As of next year, that number will drop to just 14, after discount giant Target Corp said it will no longer file monthly numbers.

The company's rationale is that the move is consistent with the vast majority of its retail peers - most notably Wal-Mart, which ended the monthly reporting routine in 2009.

"We believe aligning our sales guidance and reporting with disclosure of our quarterly financial results will create a longer-term focus and provide greater understanding of our sales results in the context of our overall financial performance," John Mulligan, Target's executive vice president and chief financial officer, said yesterday.

There's no doubt that a monthly overview of a retailer's performance only paints part of the whole picture, can be misleading and is a big contributor to the short-term outlook of many analysts and industry-watchers. But there are also those who fear an end to the practice also goes hand-in-hand with a lack of transparency, especially in a tough economic environment where information is power.


BLOG

Contrasting fortunes characterise the clothing industry

Contrasting fortunes characterised the global clothing industry last week. On the one hand Hanesbrands has positioned itself as the largest basic apparel company in the world after agreeing to buy Aus...

BLOG

Goodbye from your news editor

Having contributed to just-style for five years, serving as news editor for the last two, it has been a pleasure to observe and report on the global textile and apparel industry....

BLOG

TPP continues to garner industry attention

The US footwear industry has voiced its disappointment that athletic brand New Balance has come out in opposition of the Trans-Pacific Partnership (TPP) trade deal. ...

BLOG

Is British garment making showing signs of revival?

Despite years of denial, British garment making showed signs of a revival in the second half of 2015. Is the long-anticipated UK onshoring boom finally coming into view?...

just-style homepage



Forgot your password?