Blog: Leonie BarrieDon't get carried away by March retail

Leonie Barrie | 9 April 2010

While it's tempting to get excited by the uptick in March same-store sales results, we are being warned not to get too carried away by the numbers.

In particular, J Crew CEO Millard 'Mickey' Drexler doesn't beat about the bush. "I don't talk about the comeback of the consumer...I talk about the comeback of great retailers, or of good retailers," he told CNBC in an interview.

Retail sales are improving because those retailers are taking market share from others," he says, adding that "just a handful" of retailers are ahead on a two-year basis.

J Crew CEO: Retailers Have Come Back, Not Consumers


BLOG

Act now to keep receiving just-style newsletters

You may have noticed a red alert bar at the top of just-style’s weekly and daily newsletters asking you to “Act now to keep receiving the just-style newsletter.” ...

BLOG

Apparel imports into the US rose in June

Apparel imports into the US rose in June as merchants stocked up for summer and prepared for the back-to-school season, with imports from Vietnam continuing to surge....

BLOG

US retailers under pressure to grow sales as mall traffic slows

Under Armour is to close stores and cut jobs – around 2% of the company's global workforce – as part of new plans to build a stronger and smarter company with faster go-to-market speed and greater dig...

BLOG

Agile logistics key to new hybrid retail world

US retail giant Walmart has topped a list of the fastest growing retailers thanks to its investment in ensuring it has the right balance between its online and brick and mortar operations....

just-style homepage



Forgot your password?