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Expert View
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There is no doubt that 2005 has been a dreadful year on the high street and as the festive season approaches, most retailers are extremely cautious about their prospects. However, while the economic news has been highly discouraging for those retailers awaiting an upturn in their fortunes, according to retail specialists Verdict there may soon be light at the end of the tunnel ...
Published By Datamonitor
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20 Oct 2005 |
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CommentWire
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In the fourth quarter to February 03, 2007, Abercrombie & Fitch's net income increased 20% to $198.2 million, and in the year to February 2007, net sales increased 19% to $3.3 billion. Although these results are very respectable, the US retailer is a mature brand in its domestic market, and has set its sights on 'explosive' growth internationally, beginning with London in March 2007.
Published By Datamonitor
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26 Feb 2007 |
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Expert View
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US casualwear brand Abercrombie & Fitch opened its first store outside North America on March 22 in London. The company plans to open flagship stores in other European cities, as well as in Japan, as it grows into a global brand. The question is whether it will achieve success with its typically American style or end up with Gap's core problem - being unable to adapt to different markets.
Published By Datamonitor
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22 Mar 2007 |
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Expert View
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Accessories are less price sensitive than clothing, occupy less square footage and so offer a higher sales density. It is therefore unsurprising that the sector is becoming increasingly competitive as a growing number of retailers look to make their mark. A new report from Verdict Research explains how retailers can maximize their presence in the UK fashion accessories market...
Published By Datamonitor
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09 Mar 2006 |
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Expert View
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In its results for the year to April 30, 2008, which was also its first financial year as a public listed company, ethical e-retailer Adili achieved impressive sales growth of 436%, giving it total sales of GBP354,000. However, the retailer also made a loss of GBP1.59m, which means that it will need to prioritize profitability without reducing key investments.
Published By Datamonitor
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08 Oct 2008 |
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CommentWire
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Spanish fashion retailer Adolfo Dominguez is feeling the impact of the consumer downturn in its home market. As sales decline and the company deals with rising costs, new store openings and further international expansion plans are set to be scaled back in the year ahead.
Published By Datamonitor
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07 May 2008 |
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CommentWire
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Alexon Group has announced that it is putting its young fashion chain, Bay Trading, into administration. This removes a drain on the group's performance and leaves it with a much more focused and relevant brand mix. However, it has left Alexon Group with credit insurance problems and inevitable costs.
Published By Datamonitor
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24 Apr 2009 |
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Expert View
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Alexon's new CEO has presented the group's interim results for the first half of the year to July 2008. The dismal performance included sales down 5.3% and operating profit down 39.6%. However, with a new, female CEO who can identify with the customer and has relevant experience, the company should now be able to exploit a sizeable market opportunity.
Published By Datamonitor
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24 Sep 2008 |
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CommentWire
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Alexon has lost half of its market value since April, meaning it could be ripe for a takeover bid. Alexon is believed to want a full company sale, but the limited synergies between the footwear and fashion arms of the business is likely to result in the business being split anyway.
Published By Datamonitor
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21 Aug 2006 |
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CommentWire
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The Alexon Group announced that "while the brand had long term potential" it would be discontinuing its Mandolin fascia. This closure was not unexpected and is symptomatic of Alexon management's lack of understanding of both the market and its core customers.
Published By Datamonitor
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05 Oct 2006 |
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