Blog: Retailers play all their cards in June
Leonie Barrie | 11 July 2008
Warmer weather and deep discounting in April helped sales of spring and summer fashions, tax rebate cheques provided a boost in May and now, it seems, all three have provided some respite for US retailers in June.
The bad news, however, is that most consumers are still seeking out bargains or basics, as they contend with rising gas and food prices, job uncertainty and the ongoing housing downturn. This, of course, benefits discount retailers such as Target Corp and Wal-Mart Stores – which not only posted a 5.8% rise in same-store sales at its US stores but also lifted its second-quarter earnings forecast.
Some rebate money also trickled through to apparel stores like Children's Place and Cato Corp, but sales at many mall-based apparel specialists, including Limited Brands, Gap and Wet Seal remained slow as shoppers focused on necessities like food and fuel.
With the last of the rebate cheques due to be mailed today (11 July), the focus is now on the back-to-school season – the second-biggest shopping period of the year.
Some respite is expected for retailers in July and August, as the last of the rebate money goes on new school clothes, but after that, “challenging” seems to be the word that best sums up the outlook as we hurtle towards the holiday season.
Continuing our look at what lies ahead for the apparel industry and its supply chain in 2017, the panel of industry experts consulted by just-style last week tackled likely shifts in the sourcing land...
This week our focus turns to first thoughts from a panel of industry experts consulted by just-style on the challenges and opportunities likely to face the apparel supply chain in 2017, with prospects...
Welcome back after the holiday break, and from the team here at just-style I’d like to wish all our readers a happy and prosperous New Year....
Apparel sourcing is a complex process built on a mix of location, logistics, lead-time, price, compliance, risk and reliability. And it's in a constant state of flux as retailers, brands and manufactu...
- Trump and the apparel industry – Infographic
- Apparel factory auditing is in the firing line
- How US border adjustment tax could affect apparel
- British Brexit plans prioritise tariff-free trade
- NRF 2017 – Technology key to shopper experience
- Brands need to tackle Turkey factory refugee abuse
- New project to digitalise European fashion chains
- Patagonia launching circular economy platform
- JC Penney to roll out hundreds of Nike "shops"
- Auditing "in need of reinvention" says new project
- Outdoor performance apparel 2016: A broader perspective
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Anti-odour clothing: fresh fashion for an active lifestyle
- Global apparel markets: product developments and innovations, October 2016
- Global market review of lingerie – forecasts to 2022