Blog: Leonie BarrieThe devil’s in the detail

Leonie Barrie | 17 February 2009

The good news is that US retail sales rose unexpectedly in January. The bad news for clothing retailers (whose January sales were 1.6% higher than in December), though, is that their sales didn’t rise as fast as those of essential items like food and gas (up 2.6% and 2.1% respectively).

Which suggests that while shoppers might have been seduced by post-holiday discounts, they are still focusing on things they need and cutting back on those they don’t. The results are also skewed because December sales were revised down by 0.3%.

And in a comparison with January 2008 – which tallies with the same-store sales results reported by retailers – the results are even less impressive, with clothing sales tumbling 10.3%.

As with all statistics, the devil is most certainly in the detail.

 

US: January retail sales in surprise increase


BLOG

Why a balanced scorecard drives the best decisions

Among the highlights on just-style last week, we offer advice on how to achieve a balanced scorecard to help supply chain managers make the best decisions around where in the world their garments are ...

BLOG

How social media is forcing apparel brands to think green

Social media, since its evolution, has undoubtedly changed the world as we know it....

BLOG

TAL refocuses and rebalances before growth

By his own admission, Roger Lee, CEO at Hong Kong based apparel giant TAL Group, is an optimist. And it's a trait that has stood him – and the 70-year-old company he leads – in good stead in recent ye...

BLOG

VF Corp splitting into two companies

Last week started with news that US apparel giant VF Corp is to spin off the group's denim and outlet businesses into an independent, publicly traded company – in a move that will enable it to focus o...

just-style homepage



Forgot your password?