Blog: Leonie BarrieCautious consumers

Leonie Barrie | 10 March 2008

One word seems to sum up US consumer sentiment just now: cautious. Shoppers tentatively returned to the stores in February, offering a bit of a reprieve for the nation's retailers, with discounters like Wal-Mart Stores and Target perhaps not surprisingly among the biggest winners.

But the weakest performers reporting their February sales results last Thursday included apparel stores such as Gap, Limited Brands and JC Penney, Wet Seal and Zumiez. Consumers, it seems, are focusing instead on necessities such as groceries and health products.

February might be one of the smallest months in terms of sales for retailers, but it marks the start of the all-important spring season. And historically, an early Easter doesn’t bode well for sales of warm weather clothes. Given the current climate, the consensus seems to be that the next few months are likely to be particularly challenging too.

US: Retailers' February 2008 sales roundup


BLOG

Trump trade probe could have costs for cotton

An International Trade Commission hearing got underway last week as part of the Trump administration's probe into China's intellectual property practices under Section 301 of the 1974 Trade Act. The a...

BLOG

Stop negotiating and bring in the engineers

Surviving in a declining market is the biggest challenge for discount/mass-market retailers and suppliers of commodity products such as basic T-shirts, hoodies or cotton men's shirts – which is why it...

BLOG

The implications of buyer purchasing practices

New research has delved into one relatively underexplored aspect of global supply chains: how buyer purchasing practices impact wages and working conditions....

BLOG

just-style readership survey 2017 – Final reminder

We’re currently carrying out a survey to get a better understanding of the issues that matter the most to our readers, and how we can better serve you in the future. ...

just-style homepage



Forgot your password?