Blog: US giants adapt to market adversity
Joe Ayling | 11 April 2008
It's the final day of the World Retail Congress here in Barcelona, and after much talk of emerging markets, the agenda briefly turned to trading in the world's very biggest economy.
This morning's speakers have shed some light on buying habits amid a near-recession in the US.
Matt Rubel, the president and CEO of Collective Brands, which runs the Payless ShoeSource and Stride Rite chains, said that although bargain shoppers have tightened their purse strings, there are still margins to be made at higher tiers in the country.
Many retailers in the US marketplace, with Wal-Mart a notable exception, have been posting monthly sales declines as the sub-prime mortgage crisis filters down into consumer spending habits.
However, experts here say that retail operators who get their branding and inventories right in the midst of this slowdown can be opportunistic, while others may fall by the wayside.
Quick stock turnover and evolving within core brand values are also part of the survival kit during the race for market share.
Many meetings of minds can throw up more questions than answers, but this week's event has delivered some firm indications of where fashion retail is heading.
It seems that emerging markets like BRIC (Brazil, Russia, India and China) have ample potential, with finding the right local partner to help a launch or distribute a brand key.
On the other hand, the restraints of aggressive competition, real estate demand, local knowledge and even rising inflation mean that caution is required.
Developed markets, meanwhile, seem more ridden with saturation than opportunity at the moment, and brands are tackling a more prudent consumer.
In summary, as the retail business evolves in the face of globalisation there are three choices for Western brands - expand, improve or do both.
By Joe Ayling, news editor.
The Warnaco Group's chief has hailed the global awareness of its Calvin Klein businesses - billed as the company's driving force for growth....
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....
- Trump and the apparel industry – Infographic
- $1.7bn package to boost Pakistan clothing exports
- British Brexit plans prioritise tariff-free trade
- How US border adjustment tax could affect apparel
- Mexico riots hit apparel retailers and shipments
- Cambodia clothing exports at risk from Brexit
- Apparel brands urge Bangladesh PM to address wages
- MAS Holdings planning second industrial park
- American Apparel to shutter all stores?
- Better compliance "crucial" for Bangladesh growth
- Outdoor performance apparel 2016: A broader perspective
- Global apparel markets: product developments and innovations, October 2016
- Anti-odour clothing: fresh fashion for an active lifestyle
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Global market review of lingerie – forecasts to 2022