As consumer spending has fallen amid the economic downturn, US retail chains have cut back savagely on inventory to save cash. An understandable reaction, but one that could spell trouble for suppliers and retailers alike in the run-up to the holiday season, reports Richard Woodard. |
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SWEDEN: H&M Q3 profit up 4% despite August slowdown - Article (24th September 2009) Swedish fashion retailer H&M Hennes & Mauritz AB has posted a better-than-expected rise in third-quarter net profit, but warned recent sales have been disappointing as shoppers curbed their spending and sought discounts. Retailers and suppliers brace for slow recovery - Article (18th September 2009) Faced with one of the most challenging years on record, retailers and their suppliers are being forced to adjust their business strategies to deal with this drearier operating environment. And with retail inventories down, discounts up, and credit still tight, many believe that consumer spending will lag the turnaround of the US financial markets, new research reveals. US: Perry Ellis narrows Q2 loss, sees FY profit - Article (19th August 2009) Lower costs and inventories have helped apparel maker Perry Ellis International Inc to a better-than-expected second quarter loss, while a strong second-half order book prompted it to post an optimistic earnings forecast for the year. |
