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CommentWire
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Online clothes retailer ASOS has reported an interim loss of GBP120,000, despite reporting sales growth of 78%. Although the loss was a result of increased investment in new ranges and greater warehouse capacity in anticipation of the Christmas rush, the company will need to keep a tight rein on its processes to ensure costs do not escalate.
Published By Datamonitor
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01 Dec 2005 |
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CommentWire
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Europe's largest clothing retailer Hennes & Mauritz announced yesterday that it had met its goal of reversing a two-year slide in same-store sales by introducing more tailored garments and designer collections. The fact that H&M's UK business delivered sales growth ahead of space growth in the first six months of 2005 also bodes well for the retailer's full year.
Published By Datamonitor
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16 Dec 2005 |
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CommentWire
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Kurt Geiger's performance since its private equity-backed management buyout in June 2005 has gone from strength-to-strength, proving that it was not reaching its full potential as part of the Harrods Group. Despite the general slowdown in consumer spending, 2006 looks set to be a good year for the luxury shoe retailer.
Published By Datamonitor
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06 Jan 2006 |
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Expert View
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Next's trading update for Christmas 2005 is one of the first significant indicators of how British retail fared over Christmas. The fashion retailer's modest turnaround in like-for-like sales has seen Next shares rise to a 12-month high. Yet while the figures look promising, they do not reflect the bigger picture and should not be treated as a reliable barometer for the whole market.
Published By Datamonitor
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06 Jan 2006 |
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CommentWire
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After buoyant Christmas trading, specialist outdoor retailer Blacks is setting itself an ambitious new year resolution: to increase its market share from around 20% to 30%. The target is bold but achievable in the outdoor leisure market, although the going will be tougher for the fashion-led boardwear business.
Published By Datamonitor
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24 Jan 2006 |
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CommentWire
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Although Primark has gradually been reaching a wider audience, there is still room for it to expand on the high street. The discount retailer's extensive store opening program - which will be crowned by the opening of a flagship store on Oxford Street in March 2007 - is certain about to guarantee its status as a major high street name.
Published By Datamonitor
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09 Feb 2006 |
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Expert View
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The EU trade commissioner has recommended imposing tariffs on mid-price leather shoes from China and Vietnam in the latest attempt to 'protect' European businesses. This protectionism does not in fact safeguard domestic interests as it hurts consumer spend and retailers' bottom lines - both are much greater contributors to the overall economy than the shoe manufacturers.
Published By Datamonitor
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21 Feb 2006 |
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Expert View
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The Financial Times has reflected on Nike's apparent lag in joining the newest trend for "low-profile" or "lifestyle" shoes. The understated style is currently the biggest trend in the European shoe industry and while Nike is starting to take notice and play catch up with other leading brands, analysts believe the manufacturer may need to quicken its pace to keep its brand name fresh.
Published By Datamonitor
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21 Mar 2006 |
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Expert View
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Alexon, the retail group that owns Bay Trading and Dolcis shoe shops, has seen its full-year profits dented following the demise of Allders which will cost the company GBP3 million a year in earnings. However, Alexon is a realistic retailer not afraid to alter its strategy to fit the current trading environment.
Published By Datamonitor
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28 Mar 2006 |
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Expert View
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The European Trade Commissioner Peter Mandelson is being criticised for his decision to impose "fines" on Vietnamese exports of cheap shoes to the EU, threatening the livelihoods of 90,000 people in Vietnam. The results are likely to harm not only the Vietnamese workers, but also EU consumers.
Published By Datamonitor
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10 Apr 2006 |
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