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

Sourcing execs less stressed about cost

The impact of trade protectionism, increasing market competition from e-commerce, and supply chain risk are the top concerns for US fashion industry executives in 2017, a new survey has found, overtak...

BLOG

The rise and fall of Bangladesh?

The rise of Bangladesh's garment export industry has been nothing less than spectacular – and until recently it seemed that nothing could stop its growth....

BLOG

Is Nike's delayed commitment to Amazon costing it sales?

Sports apparel retailer Nike's delay in committing to a solid sales partnership with online retail giant Amazon could possibly have seen it lose out on sales yesterday (11 July) as the e-retailer slas...

BLOG

Calls for boiler inspections in Bangladesh

Labour rights groups are calling for garment factory safety inspections to be expanded to cover boilers, after a blast at the Multifabs facility in Bangladesh last week killed at least 11 people....

just-style homepage



Forgot your password?