Blog: Leonie BarrieValue is in style

Leonie Barrie | 25 February 2010

“Regardless of whether the economy is weak or strong, value isn’t going out of style,” The TJX Companies’ CEO Carol Meyrowitz told analysts yesterday.

But her comments, intended to reassure investors that the off-price retailer’s new-found shoppers aren’t going to desert its stores now that the economy seems to be in rebound, will also have struck a chord at the other end of the retail spectrum.

Stephen I Sadove, chairman and CEO of upscale department store retailer Saks Inc, separately told analysts its customers want “service and differentiated products with value” – and that it intends to offer them more designer products at lower prices.

But there’s a big difference between “value” and “value for money” – and it’s the latter that will be key going forward.

Shoppers of the future might be prepared to pay a little bit more for a garment, but they’ll only buy one rather than several of the cheapest versions. And that’s what retailers will have to contend with this year – meaning they’ll have to work a bit harder to secure growth.


BLOG

Digital pieces of the fashion supply chain take shape

The digital pieces of the fashion supply chain puzzle are starting to come together, according to executives at the recent Texprocess apparel technology trade show in Frankfurt, Germany....

BLOG

Latest supply chain leaders?

Swedish fast-fashion retailer H&M, Zara brand owner Inditex, and sportswear giant Nike are not only among the world's leading brands, they also have some of the best supply chains too, according to a ...

BLOG

Finding a solution to the sustainability problem

The key message at this year's Copenhagen Fashion Summit was that the global apparel and textile industry needs to take a holistic view on how it tackles sustainability and responsible sourcing – with...

BLOG

Industry welcoming move to renegotiate NAFTA

The US textile industry has welcomed President Donald Trump's decision to renegotiate NAFTA, saying it is in America's national interest to modernise the trade agreement....

just-style homepage



Forgot your password?