Taking a look at the week ahead for the footwear and apparel industry, here is news editor Joe Ayling’s snapshot of just-style’s latest news and insights agenda.
The world’s largest retailer Wal-Mart will be posting its second quarter results tomorrow (17 August), ahead of its lucrative back to school period. During the past quarter the company has made a series of personnel changes including Eduardo Castro-Wright to head global sourcing and Bill Simon as president and CEO of Wal-Mart US.
Meanwhile, apparel boss Dottie Mattison resigned from her role at the firm just last month.
In the first quarter Wal-Mart reported a profit of US$3.32bn, up from $3.02bn last year, but forecast a slump in domestic same-store sales for the second quarter just gone.
Abercrombie & Fitch, The TJX Companies and Gap Inc will also be reporting their second quarter results this week. Gap saw sales creep up 1% in July, after a flat May, but will be hoping to cash in on an expanded international presence online.
just-style will also stay in touch with Pakistan correspondent Ahmed Abdullah with regards to the country’s devastating floods and the effect on cotton crops and garment trade. It is estimated that total damage to the country’s cotton crop will reach around 1.5m bales (255m tons), worth around PKR50bn (US$560m).
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By GlobalDataMeanwhile, this week’s just-style research offering includes latest clothing sourcing and retail information, with projections to 2012.
