Clothes2Order Home » Printing and Embroidery News » John Lewis and H&M Defy High Street Gloom with Higher Clothing Sales
Sustainable Fashion Conference Scheduled
Update on US Trade Monitoring of Imported Chinese Textiles
The New Eco-Textile Labeling Guide Available at Interstoff
Del.ico.us
Google
Yahoo MyWeb
Blink
Digg
Furl
Simpy
Spurl
John Lewis and H&M Defy High Street Gloom with Higher Clothing Sales
Tuesday 19th of August 2008 02:27:58 PM
The word on High Street is that the UK is about to slip into a real and deep recession if interest rates are not adjusted soon. The housing and retail sectors have done poorly with sales being down significantly. In addition, inflation is on the rise. One of the driving forces behind the decline in retail sales is the performance within the clothing industry. An article in the British Retail Consortium reported that, “Clothing, footwear, homeware and other discretionary items were hit particularly hard by the ‘squeeze on household budgets.’”Yet just when things are looking completely gloomy, a couple of clothing companies posted increases in sales. The department store chain John Lewis was one such company. The other was H&M a fashion retailer. The upturn in sales is due to higher than normal summer sales.
The sales increases were significant too. John Lewis reports that weekly sales are up by 9.3%. H&M is a Swedish owned clothing retailer interested in having more of a presence in the UK. The company reported an increase in July sales by 15%.
John Lewis is a store which caters to the middle class spender. When its sales decline, it often indicates a general slowdown in spending by the middle class. The Scottish John Lewis store locations reported mixed results with one store posting sales increases and two reporting declines.
H&M attributed its sales increases to shoppers looking for bargains. The shoppers were purchasing all kinds of clothing from fashion styles on sale to polo shirts embroidered with logos. H&M sells moderately priced clothes, so when they are put on sale, there are many bargains shoppers enjoy finding. H&M is pleased the chain has positioned itself to outperform the clothing market in general.
(c) Ginae McDonald,www.sxc.hu
Good experiance and will use you again. Roxy was very efficiant.
fantastic service! Products arrived sooner than expected. Also they had understood my design and made sure it was printed to an exceptional standard!
I don't know if you've changed your embroidery machine but the quality seems a lot sharper, very pleased with the club logo, all the best Series McRae Owners Club