Blog: Leonie BarrieRetailers slipped on more than snow

Leonie Barrie | 7 January 2011

Did US apparel retailers set themselves up for a fall this Christmas? From September onwards the sector has been building positive momentum, with back-to-school, Thanksgiving and then November retail sales results all indicating a solid start to what everyone hoped would turn out to be a bumper holiday season.

So it's no wonder analysts were banking on strong spending around Christmas itself. And it's perhaps not surprising that they were in the end disappointed, albeit by a narrow margin. After all, the International Council of Shopping Centers, which tracks 32 retail chains, said its index of December same-store sales was up 3.1% against a year ago, but came in below the forecast 3.5% rise.

Holiday 2010 no doubt released some pent-up spending early in the season, but shoppers' purses closed again in the run-up to the main event. But that's probably not surprising, since the backdrop continues to be marred by higher living expenses, including gasoline and food prices, which combine to hurt consumer confidence and mean they have less disposable funds. Throw in the higher cotton and transport costs, which will eventually filter through to in-store apparel prices, and it seems challenges are likely to linger well into 2011.

US retailers count the cost of December's snowfall


BLOG

Bangladesh safety gaps still remain

As the apparel industry prepares to mark the fifth anniversary of the Rana Plaza factory building tragedy, a new report estimates it could cost US$1.2bn to complete remediation across Bangladesh's rea...

BLOG

Concern mounts over Trump's trade policies

Since President Donald Trump took office in January 2017, his administration has been busy fulfilling major campaign promises on trade policy – much to the concern of US fashion brands and apparel ret...

BLOG

Jeans makers eye innovation to regain market share

just-style’s latest weekly roundup begins with a look at how jeans makers are innovating and adapting to evolving consumer needs and the impact of athleisure with new fabric innovation and more sustai...

BLOG

Trump's tariffs threaten textile trade

With tariff discussions looming over the White House, just-style’s news and analysis last week was not surprisingly dominated by talk of a possible trade war....

just-style homepage



Forgot your password?