High Street Clothing Retailers Feel the Squeeze
March 29th, 2013
M&S is the latest high street retailer that’s struggling with the limping economy, with rumours circulating that retailer may be sold, due to the clothing arm of the business again seeing a drop last quarter.
According to a report from analysts at Nomura, who it’s said has a “strong record of forecasting developments at M&S”, the high street store experienced falling sales again in the Christmas and New Year period.
This has continued into 2013, with reports suggesting that “clothing sales were down year-on-year by a double-digit figure”.
The report from the FT highlights how the economy is affecting even the biggest names in clothing retail. Bearing this in mind, it’s a good time to be a web trader at a time when keeping overheads to a minimum may be the difference between survival and failure.
Women’s wear
Women’s clothing has been “particularly difficult” for M&S and they are hoping that the upcoming spring range will be their saviour. However, M&S, whilst good quality, has never been inexpensive, so it’s no real surprise that the clothing arm of the business is one of the first to suffer as consumers look to cheaper options.
For M&S, this means that if its clothing sales don’t pick up by the autumn, we will see potential buyers making more noise, especially since profits have been falling since last summer. The last six months has been the weakest for M&S since the 2008/2009 financial year.
“We are almost getting to a point now, where the worse trading gets, the louder the bid speculation will become,”Bethany Hocking, analyst at Investec Securities, told the FT.
What this means for web traders
Many are feeling the squeeze and so it’s important for traders to ensure that they are reaching the right audience. This may mean varying stock in order to measure good sellers.
In order to survive in an economic climate as tough as the one we’re experiencing at the moment, traders must be as competitive as possible. A & K Hosiery can offer you fantastic cheap wholesale products. Just arrived this week we have One Direction Messenger Bags.
Also a new range of adult belts. Which are both stylish, and should give you an excellent profit. There’s so many wholesale products to choose from, and don’t forget our famous fast delivery; there really couldn’t be a better time to give your business a boost.
Tags: adult belts, one direction
This entry was posted on Friday, March 29th, 2013 at 3:42 pm and is filed under New Products & Specials, News. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.