Hints and tips:
...The discount clothing chains TJX and Ross Stores reported strong same-store sales and good margin performance in the third quarter. Their consumer is just fine....
...“There’s never a good time to lose a key executive but if there’s ever a time this is the best time,” Kreiz said, adding that Dickson had nurtured a strong team to succeed him....
...US luxury retailers have long dreamt of creating a rival to their deep-pocketed European peers, but none have gone as far as Tapestry....
...Their spending has bounced back quickly, she said, but it has gone on holidays rather than on clothing....
...The EU, which has a similar system for white goods, is working on a revised version for textiles....
...Global clothing retailers such as Japan’s Fast Retailing and UK group Marks and Spencer are ending outsourced production in Myanmar, driven off by human rights and labour concerns as well as difficulties...
...“There is too much inventory out there even if you adjust for retailers [that have] received goods earlier than normal,” said UBS retailing analyst Jay Sole....
...Nike has given the global sporting goods sector a much-needed boost after consumers snapped up discounted footwear, clothing and equipment ahead of Christmas, prompting it to upgrade sales forecasts....
...A version of this article was first published by Nikkei Asia on March 8, 2023. ©2023 Nikkei Inc. All rights reserved....
...“There will be a focus on value” with retailers highlighting good deals, he said....
...Rainey said Walmart had cleared most of its summer seasonal inventory but was still holding excess stock in electronics, home and sporting goods....
...Historically, a weak yen has been a boon for Japan Inc. It provided a boost to the country’s sprawling export sector by making Japanese goods cheaper for foreign buyers....
...Shares in US retailers were sharply down on Tuesday after Walmart issued its profit warning — its second in 10 weeks — as its customers held back from purchases such as clothing....
...There’s one of its Neighborhood Market shops a block away, an outdoor clothing outlet in the other direction and a giant Supercenter just across Walton Boulevard....
...At home goods retailer Bed Bath & Beyond, for example, delayed shipments pushed inventories up by 15 per cent year on year in its most recent quarter, just as sales dropped by 25 per cent....
...He said the company had made “good progress” clearing inventory in “hardline” or consumer durable categories such as appliances and furniture but was having to increase markdowns on clothing in its US stores...
...Not only was the weather soporific in the extreme, but every single person, old or young, tall or short, seemed to be wearing an item of clothing emblazoned with some kind of massive logo, and it made my...
...Retailers that cater to this customer base are having a good earnings season....
...Retailers such as Forever 21, Nike and Chipotle are rushing to create virtual world stores in a bet it will boost real-world profits....
...Third, the EU may ban companies from throwing away unsold goods, or require them to report how much they discard....
...Japanese retailers Muji and Uniqlo say they expect little impact on their operations....
...A version of this article was first published by Nikkei Asia on July 19. ©2022 Nikkei Inc. All rights reserved....
...Retailers are facing low levels of inventory in some categories, particularly clothing, as they gear up for what is expected to be a record-setting holiday....
...In 2020, Kanye West, the globally recognisable and protean entertainer, announced a 10-year deal with the all-American retailer Gap. It was an unlikely tie-up....
...Sometimes things that look good on paper turn out to be less appealing in real life....
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