Blog: Weak spending tackled at retail conference
Joe Ayling | 16 March 2011
just-style headed into London this morning (16 March) for the first day of Retail Week Conference 2011.
Speakers have so far stressed the ongoing pressure on UK consumers, but also mentioned the odd opportunity.
Of the clothing retailers here, CEOs of both New Look and Debenhams brushed off talk of a double-dip recession, but not without issuing some caution.
Speakers from other industries were also able to shed some light on a UK consumer market short of confidence.
For example, Andy Hornby, the boss of pharmaceutical giant Alliance Boots, opened the event by telling delegates that rising pressures on consumers, by way of rising mortgages, food and petrol prices, will last “a few years”.
He said that customer service and better cost management would go a long way to grasping the opportunities that remain.
Next up was Tesco's UK chief executive Richard Brasher, who again presented a rather bleak picture of UK consumer confidence.
However, knowing that consumer inside out, Brasher said, is crucial for retailers who want to grow.
It is also clear from this morning's session that further tools for survival will be online and international. On the latter, Goldman Sachs' asset management chairman Jim O'Neill predicted that Chinese imports are to overtake those into the US within five years.
Therefore, it is reassuring to know that many of the challenges facing apparel businesses are being felt by other industries too.
Check back on just-style later for further coverage of Retail Week Conference 2011.
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
- How US border adjustment tax could affect apparel
- British Brexit plans prioritise tariff-free trade
- Apparel factory auditing is in the firing line
- $1.7bn package to boost Pakistan clothing exports
- Cambodia clothing exports at risk from Brexit
- Apparel brands urge Bangladesh PM to address wages
- New project to digitalise European fashion chains
- Brands need to tackle Turkey factory refugee abuse
- JC Penney to roll out hundreds of Nike "shops"
- Outdoor performance apparel 2016: A broader perspective
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Anti-odour clothing: fresh fashion for an active lifestyle
- Global market review of lingerie – forecasts to 2022
- Global apparel markets: product developments and innovations, October 2016