Home / Knowledge / News / Apparel/Garments / Not so happy holidays for US apparel retailers!
Not so happy holidays for US apparel retailers!
21
Dec '13
US apparel retailers are witnessing worse-than-expected holiday season impacted by the recent government shutdown and growing online competition. With scattered crowds, empty malls and discount signs abound, fashion brands are trying hard to rescue the already dull season with offers to make up for the sales shortfall.

The number of shoppers has seen a sharp fall and dropped 16.5 per cent during the same period. Heavy discounting has already taken its toll on big apparel retailers, touching new highs and rising 13 per cent from the last year, eating away retailers’ profit margins. 

Shares of big retailer like Express Inc plunged 24 per cent in the first week of December after it reported downbeat guidance for the rest of the year. With customers becoming more budget conscious, retailers like Aeropostale Inc., American Eagle Outfitters and The Gap are being forced to put up “80% off” & “Buy-1-Get-1-Free” offers to attract shoppers.

However, all is not lost with the few big shopping days still around the corner. The spending is expected to pick up in the week before Christmas. Reports suggest that sales growth would still be higher than last year and could touch be up 3.9 per cent. Together with online sales, which are already up 9 per cent from last year, 2013’s holiday season could still bring cheer to the faces of customers and retailers alike.  

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search