The clothing market demand in the Americas is predicted to grow by 10.9% per annum between 2009 and 2014, From US$182 Bn to US$231 Bn. Japanese clothing imports fell by 5.8% during January-April 2010. US clothing imports, on the other hand, were up by 2.4% during January-March 2010.
American Apparel Inc's woes continued as it raised "substantial" doubt about its ability to continue as a going concern and warned it could breach a loan covenant, sending its shares down 22 percent to a lifetime low.
Westfield Group, one of the world's largest shopping mall landlords, reported earnings slightly ahead of forecasts, but said further improvements were needed in the U.S. and U.K. markets to accelerate investments.
The legendary designer who gave his name to the prestigious brand, Calvin Klein, has said that fashion trends make "no sense" and also admits he was delighted to have escaped the world of fashion because he hated trying to keep up with all the latest styles.
The UK is often seen by international retailers as a stepping stone to Continental Europe, and by other European retailers as a natural market extension, yet they often underestimate the challenges. They face a mature, low growth market, and a demanding consumer.
47.4% of all UK shoppers make regular purchases at department stores. While value players are attracting a higher proportion of shoppers away from department stores, consumers are still shopping around to ensure they get a good deal and are enticed into department stores by big promotional events.
$72 million in earnings, $552 million in sales (up 20%) Urban Outfitters Inc announces, for this year’s Q2, the reasons for record results. Lower sale price rates, expenses reined in and favorable foreign exchange rates allowed improvement.
Gold briefly touched its highest level in nearly two months on Tuesday, boosted by a weak dollar and expectations of further buying by investors concerned about financial stability and looking for perceived safe haven assets.
Asda, Britain's second-largest grocer, posted a fall in underlying sales for the second quarter in a row, with consumer confidence buffeted by the prospect of public sector spending cuts, rising taxes and job losses.