Blog: Retailers slipped on more than snow
Leonie Barrie | 7 January 2011
Did US apparel retailers set themselves up for a fall this Christmas? From September onwards the sector has been building positive momentum, with back-to-school, Thanksgiving and then November retail sales results all indicating a solid start to what everyone hoped would turn out to be a bumper holiday season.
So it's no wonder analysts were banking on strong spending around Christmas itself. And it's perhaps not surprising that they were in the end disappointed, albeit by a narrow margin. After all, the International Council of Shopping Centers, which tracks 32 retail chains, said its index of December same-store sales was up 3.1% against a year ago, but came in below the forecast 3.5% rise.
Holiday 2010 no doubt released some pent-up spending early in the season, but shoppers' purses closed again in the run-up to the main event. But that's probably not surprising, since the backdrop continues to be marred by higher living expenses, including gasoline and food prices, which combine to hurt consumer confidence and mean they have less disposable funds. Throw in the higher cotton and transport costs, which will eventually filter through to in-store apparel prices, and it seems challenges are likely to linger well into 2011.
Fresh from their disappointment at seeing the Trans-Pacific Partnership (TPP) free trade deal abandoned last month with an executive order by President Donald Trump, the US apparel and footwear sector...
With the ultimate aim of ensuring all the cotton in its products is sourced sustainably, value clothing retailer Primark is adamant that having a business model focused on offering the lowest prices o...
Last week we marked the inauguration of Donald Trump as the 45th president of the United States by taking a closer look at what's at stake for the textile and apparel trade – especially his promises t...
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...
- China leads US apparel sources with falling prices
- Hard hit Turkish industry is not knocked out
- Vietnam grows share of US apparel imports in 2016
- US apparel sector braces for potential cost hikes
- Trade Tracker – Trump's first weeks, Brexit agenda
- US Q4 in brief – Chico's FAS, TJX Companies
- Bangladesh crackdown has cost garment sector $100m
- Adidas and Burberry recognised for sustainability
- VF Corp sees Q4 and FY earnings tumble
- $136m funding for Made in NY garment-making hub
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Outdoor performance apparel 2016: A broader perspective
- Technical textile markets: product developments and innovations, December 2016
- Global market review of lingerie – forecasts to 2022
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar