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

Hanjin Shipping collapse triggers fear of West Coast port repeat

The recent bankruptcy of South Korea's Hanjin Shipping, the world's seventh-largest container shipper, at the end of August, has left billions of dollars worth of merchandise in limbo, leaving the fal...

BLOG

Tackling transparency and traceability

The ongoing challenge of tackling transparency and traceability across global supply chains cropped up again last week, with the launch of a new initiative to try to eliminate forced labour from cotto...

BLOG

Trends in the US apparel sourcing landscape

As a barometer of the latest trends in the US apparel sourcing landscape, the recent Sourcing at MAGIC trade show pointed to a shift from regional to global sourcing, a move towards fewer but more cap...

BLOG

The rejection of globalisation

Mike Flanagan, CEO at industry consultancy Clothesource, spent the first six months of 2016 campaigning to stay in the EU. Not once, he says, did he hear his opponents - or anyone in Britain's new, Br...

just-style homepage



Forgot your password?