Blog: US retail slide slows in August
Joe Ayling | 7 September 2009
Fears that back-to-school revenues might fail the apparel and footwear sector this year were somewhat allayed by better-than-expected August retail sales announcements last week.
Although sales increases were few and far between during August, retailers managed to slow the pace of monthly sales declines that have plagued the year so far.
Prior to Thursday's results, the National Retail Federation (NRF) predicted that back-to-school spending would slump 7.7% for the July to September period.
However, with Labour Day pushed into September and competition for consumer spend from the "cash for clunkers" automotive programme rife, it seems the class of 2009 deserves some credit.
A better-than expected August brings some hope that after 12 consecutive monthly sales declines the US economy is showing signs of stabilising. If so, the leaner inventory positions many have worked so hard to achieve would be short-lived.
Nevertheless, only a small minority of fashion retailers, including Aeropostale, Ross Stores and The TJX Companies, managed to actually increase sales revenue when compared to August 2008.
All three likely benefited from their affordability, while more upmarket operators including Saks Incorporated and Abercrombie & Fitch suffered most during the month.
As the NRF noted last week, the focus for US shoppers is primarily on price, explaining why strong promotions and deep discounts were 'best in class' during August.
By Joe Ayling, news editor.
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
- "Power of the many" drives change at Otto Group
- Vietnam grows share of US apparel imports in 2016
- US apparel sector braces for potential cost hikes
- US Q4 in brief – Foot Locker, Nordstrom, Carter's
- Bangladesh crackdown has cost garment sector $100m
- Adidas and Burberry recognised for sustainability
- Inditex and H&M boycott Dhaka Apparel Summit
- Macy's will "do the right thing", says Lundgren
- 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
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Global market review of lingerie – forecasts to 2022