Blog: Warm weather cools sales
Leonie Barrie | 15 October 2007
Many US apparel and footwear retailers would be among the first to disagree with the US Census Bureau, which on Friday said overall retail sales in September were 0.6% ahead of the pervious month and 5.0% up year-on-year.
Take some of the retailers who posted disappointing September sales data last Thursday. The Gap said same-store sales plunged 7%, Target was down 1.2%, Macy's Inc posted a 2.7% drop, and JC Penney suffered a 4.6% slump. The Wet Seal Inc reported a 7% fall in same-store sales, American Eagle Outfitters fell 2%, and Limited Brands dropped 4.4%.
Market constraints have been described by some as a “perfect storm” combination of abnormally warm weather for the time of year which stopped consumers shopping for coats and sweaters, rising food and energy prices, a continued sluggish housing marketing and tight credit.
The news is particularly discouraging as the holiday season fast approaches. If sales don't pick up, stores will be forced to slash prices to get rid of inventory and make room for the holiday and winter merchandise that will start to hit shelves later this month.
Some of just-style’s more eagle-eyed readers might have noticed a small change to the menu bar on the homepage: the addition of the word re:source. Yes it might be a small change – but it marks the co...
Over the past week just-style has continued to try to unravel the potential ramifications of Donald Trump’s election as the next president of the United States....
One event dominated the international airwaves last week, and on just-style too we took a closer look at the surprise election of Donald Trump as the 45th president of the United States....
As the Brexit roller-coaster continues to twist and turn, and the US presidential election campaign nears its unpredictable and possibly protectionist end, there's no doubt these events – and the perc...
- Steps to piloting living wage in garment factories
- How to ensure sustainability is more than a slogan
- US apparel retailers' November 2016 sales roundup
- Trump blows the case for Brexit out of the water
- Why do modern robotics elude sportswear makers?
- Esquel efficiency drive continues to boost brands
- US Q3 in brief – Sears, Vince Holding, Genesco
- Taiwan textile maker investing in first US plant
- Myanmar garment industry "lacking labour rights"
- Outdoor apparel sector set for double-digit growth