Blog: Shopping begins at home
Leonie Barrie | 26 July 2006
US petrol pump costs hit an all-time high this week as prices reached an average of just over $3 a gallon on Monday. But while this is obviously bad news for motorists, what about the impact on retail sales? Liz Claiborne today blamed climbing energy prices for dampening consumer spending – and a new survey suggests that a quarter of adults are curtailing trips to the stores because of rising fuel prices.
But every cloud has a silver lining, or so it seems. Instead of leaving home for their dose of retail therapy, many consumers are now shopping from home: online, from a catalogue or the TV. The survey, commissioned by Newgistics Inc and conducted by Harris Interactive, suggests the home at the centre of other summer activities too. 85% are cooking at home instead of going out and 55% are renting movies instead of going to the cinema.
So maybe there are still ways of capturing valuable consumer dollars this summer.
Over the past month, Donald Trump and his team failed to offer any clear plan to ensure Americans would "Buy American, Hire American" - while the British government's attempts to clarify the specifics...
The Bangladesh government was forced to respond late last week to pressure over its crackdown on labour activists after a number of global brands and retailers, including H&M and Inditex announced pla...
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...
- Digitalisation and data to disrupt supply chains
- EU eyes mandatory due diligence for apparel supply
- Unlocks for the future fashion sourcing landscape
- What TTIP might mean for US, EU textiles & apparel
- Geo-political uncertainty and how to survive it
- Li & Fung forms supply chain partnership with PVH
- US Q4 in brief – G-III Apparel, Finish Line
- Big data to help US firms improve clothing fit
- Levi Strauss and ILO probe Cambodia factory death
- Labour rights risk Bangladesh EU trade benefits?
- Central and East Europe Report Package
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Outdoor performance apparel 2016: A broader perspective
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack