Home / Knowledge / News / New Year will be challenging for retailers, BRC
New Year will be challenging for retailers, BRC
02
Jan '08
With shoppers facing tough personal finances, many retailers will be offering big discounts during this January's sales. British Retail Consortium (BRC) boss Kevin Hawkins says the new year will be challenging for retailers and customers can expect more discounting during the first half of 2008.

British Retail Consortium Director General Kevin Hawkins said: "With customers' short on spare cash and nervous about how their finances will shape up in the New Year, it'll be a bumper January sales with bargains to be had as stores compete to tempt customers in.

"Retailers who haven't done the business they expected to before Christmas will be very keen to cut their losses and shift whatever seasonal stock they've been left with.

"With a challenging first half of the year virtually guaranteed for all consumer-facing businesses, retailers will be discounting well into 2008. On its own, December's interest rate cut won't overcome the developing slowdown. I hope the Bank of England have more pencilled in for January and March or April."

British Retail Consortium

Must ReadView All

Apparel/Garments | On 20th Jan 2017

Christopher & Banks revises fourth fiscal guidance

Specialty women's apparel retailer Christopher & Banks Corporation...

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Eric Scholler
Groz-Beckert

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search