Blog: Leonie BarrieNot much Christmas cheer...yet

Leonie Barrie | 29 November 2004

I have to confess that Christmas shopping isn't one of my favourite pastimes – but it can't be much more fun for the retailers out there who are in pitched in battle trying to make consumers like me spend money. Here in the UK the sales – more likely to be called ‘Christmas spectaculars’ – have already started, with Tesco knocking 20 per cent off all its clothing and House of Fraser cutting its prices by 25 per cent in a one-day promotion.

In the midst of all this uncertainty, a lot is at stake: it’s estimated that consumers spend an extra £10 billion over the festive period from November through to the January sales. For some retailers, the Christmas spending binge represents up to 60 per cent of their annual business, so it’s hardly surprising they get a little jittery. It’s a little like a game of chicken: will the retailers crack first by offering even bigger discounts, or will customers who delay their shopping lose their nerve waiting for the really big discounts to begin?


Ethiopia unrest a sourcing risk?

Fashion retailer H&M and UK based glove and leather manufacturer Pittards both say they are monitoring the situation in Ethiopia closely after the country's government declared a state of emergency af...


Asia facing up to increased competition

Increasing competition for garment sourcing contracts is seeing China not only being challenged by other countries in Asia, but by sub-Saharan African and even Russian suppliers too. And it is pushing...


Cambodia raises garment worker wages

The monthly minimum wage for workers in Cambodia's textile, garment and footwear sector is set to rise to $153 from January next year, following a vote on the issue last week. The increase marks a ris...


Sportswear initiatives start to take shape

The results of two highly-anticipated initiatives in the sportswear sphere were revealed last week: the launch of Under Armour’s new UAS lifestyle brand and the first pair of running shoes created at ...

just-style homepage

Forgot your password?