Home / Knowledge / News / Apparel/Garments / Wal-Mart to close its New York apparel sourcing office
Wal-Mart to close its New York apparel sourcing office
Nov '11
Wal-Mart Stores Inc. has announced that it will be closing down its New York office involved in product development, sourcing and purchase of apparels for the world's largest retailer.

All the functions being handled at the company's New York office would be transferred to its offices in Bentonville, Arkansas by February 1, 2012. The office on Broadway employing about 275 employees was opened in 2009.

Bill Simon, US CEO, said the retail company is focusing more on basic apparels after failing to appeal to fashion-focused shoppers. The company told shareholders this month that the sale of basic clothing items like jeans, socks and innerwear has increased at the retailer's stores while the total apparel sales have declined.

The company feels it does not require an office in New York's expensive area to sell basic clothing, especially when it is working to reduce costs after sales at US Wal-Mart stores open at least a year have witnessed a decline for nine consecutive quarters.

At US Wal-Mart stores, apparel items accounted for 7 percent of the total US$ 260.3 billion sales in 2010, compared to an 8 percent contribution of apparel items in 2009 sales.

Wal-Mart serves customers and members more than 200 million times per week at more than 9759 retail units under 60 different banners in 28 countries. With fiscal year 2010 sales of US$ 405 billion, Wal-Mart employs 2.1 million associates worldwide.

Fibre2fashion News Desk - India

Must ReadView All

(L-R) Mr Shao Bojin, Chairman of Jihua Group and Mr Rohit Aggarwal, President of Huntsman Textile

Textiles | On 28th Oct 2016

Huntsman gets into strategic partnership with Jihua Group

Huntsman Textile Effects, the leading provider of high quality dyes...

Marzoli FT6D roving frames in Sintex’s Unit 2. Coutresy: Marzoli

Textiles | On 28th Oct 2016

Marzoli roving frames erected at Sintex textile division

A total of 48 Marzoli roving frames were erected in units I, II and...

Courtesy: Polartec

Textiles | On 28th Oct 2016

Polartec innovates most breathable waterproof fabric

Polartec, the premium provider of innovative textile solutions, has...

Interviews View All

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search