Blog: Monthly 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.
Indian apparel exporters are seeking a series of favourable policy decisions from the new Bharatiya Janata Party (BJP)-led government, including export subsidies to offset import duties imposed by the...
The quest for deeper and deeper black dyes has long preoccupied the textile industry - but scientists in the UK now claim to have fashioned what may be the blackest material in the universe....
Despite forecasts suggesting US imports would continue to rise in May - in part to offset the threat of possible industrial action and disruption at major West Coast container ports this summer - the ...
Cambodia's Labor Advisory Committee (LAC), a government-led tripartite group, last week agreed the next minimum wage adjustment for garment workers, which will take effect on 1 January 2015....
- Indian apparel exporters discuss policy changes
- Clothing seen as central focus for new Tesco CEO
- MYANMAR SNAPSHOT: Textile and apparel industry
- INTERVIEW: David Nieper pushes Made in UK momentum
- Is China's dream becoming a nightmare scenario?
- Crystal Group improves worker communication
- TIMELINE: Charney ousting from American Apparel
- ILO backs Burma project to improve work practices
- UN rights expert urges further Cambodia reforms
- VF Corp books "solid" Q2 performance
- Global market review of denim and jeanswear – forecasts to 2020
- American Eagle Outfitters, Inc. : Reacting to a need for change
- Management briefing: Sourcing shifts: Changes and challenges
- Ethiopia – the emerging textile and clothing industry
- Plunkett's Apparel & Textiles Industry Almanac 2014: Apparel & Textiles Industry Market Research, Statistics, Trends & Leading Companies