Home / Knowledge / News / Apparel/Garments / Apparel retailers strategize & innovate to survive slowdown
Apparel retailers strategize & innovate to survive slowdown
25
Jul '09
Financial problems are growing at an alarming rate even for big retailers and suppliers. Small and medium sized retailers see their cash flows drying up. Suppliers who provide products to big garment manufacturers and retail chains are also burning their fingers.

Summing up with the issues of the crisis bitten industry, the ultimate scenario is; shortage of merchandise, cost cuttings, shut downs and layoffs.

With stagnation in the economy, apparel retailers are facing a slippery slope. Individuality and innovation needs to be utilized to employ creative tactics to enhance the customer understanding. Retailers are now offering exclusive merchandise, and more focused customer service.

Retailers attempt various strategies to increase their sales figures during the slump, and also to maintain the level of customer satisfaction.

High end shops such as Coach, Saks, and Neiman Marcus will be having more mid priced merchandise in their store racks. Target, Wal-Mart, and Home Depot will be winnowing their brands.

Levi Strauss, the denim specialist which has recently acquired 73 stores all over the US has declared that it will continue its investment in brands, despite currency fluctuations and declining sales.

Click here to read complete article.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Slight drop in Unifi 2017 Q3 sales

The net sales of Unifi Inc., one of the world's leading innovators in ...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Textiles | On 28th Apr 2017

India lifts CVD imposed on Nepali Jute goods

The countervailing duty (CVD) that was imposed on Nepali jute...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Mike Hoffman
Gildan Activewear SRL

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

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X