Blog: Retail crowd awaits 2010 recovery
Joe Ayling | 19 March 2009
It's the second day of the Retail Week Conference in London, and Marks & Spencer boss Sir Stuart Rose will be looking to steal the show later on.
A new innovation at this year's event allows delegates to make electronic votes on key issues during presentations. The findings are indicative of the caution and lack of visibility in retail at the moment.
For example, when asked yesterday what date the earliest signs of economic recovery would be, 11% of people said the second half of 2009, with 41% predicting the first half 2010, 41% the second half 2010, and the remaining 7% saying even later.
Later on when asked about business priorities, 32% said it would be their supply chain, with 22% saying store design, 19% international expansion and the rest focusing on technology.
Before lunch there is a panel discussion on international retail strategy starring Ben Gordon, the chief executive of children's wear chain Mothercare.
Mothercare has over 1,000 stores worldwide and latest sales data showed international revenues leaped 49.1% during the third quarter. The company operates in 50 countries and it will be interesting to hear where Gordon is targeting next.
Other speakers today include Michael Ross, co-founder of ethical clothing firm Figleaves, and Nick Robertson, the chief executive of Asos who just-style interviewed last year.
Along with Sir Stuart they will be awaiting the seal of approval from delegates, and just-style looks forward to making its verdict too.
Joe Ayling, news editor.
Sir Stuart Rose’s comments at the Retail Week Conference yesterday (19 March) raise as much hope as they dash for UK retailers. While on one hand the chief executive of retailer Marks & Spencer admits...
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...
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...
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...
- Fashion fit for the future – strategies for speed
- Digitisation to drive new apparel-making models
- Will new Vietnam wage hinder competitiveness?
- Under Armour Lighthouse will disrupt production
- Pakistan industry seeks help to kickstart exports
- Child refugees found in Turkey apparel factories
- Chinese manufacturer invests $20m in US facility
- US Q3 in brief - Rocky Brands, Gymboree Corp
- Reebok Liquid Factory reinvents shoe production
- Managing change in the move to new tech tools
- Africa-Med strategic sourcing review – comparing East Africa, North Africa and Turkey
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Apparel (GLOBAL) - Industry Report
- Global Sports and Fitness Wear Market 2016-2020