clothing sales news and archive

U.S. retail sales register three consecutive months of growth

New York – The U.S. Department of Commerce’s Retail Sales Report tracks sales across 13 retail sectors. Since falling by 14.7 percent in April – the largest monthly decline in recorded history – retail sales have surged non-stop for three consecutive months. Monthly retail sales in May and June rose by 18.3 percent and 8.4 percent, respectively....

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Management|IN DEPTH

Timeline: The rise and fall of Marc Bolland's rule at Marks & Spencer

It is the end of an chapter for British high street department store group Marks & Spencer, as Chief Executive Officer Marc Bolland threw in the towel today with the announcement of his impending retirement. In spite of previous news sources indicating that Bolland intended to remain at the helm of M&S for at least another two years, as he...

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Management

Marc Bolland announces departure from M&S amid disappointing Q3

Marks & Spencer's Chief Executive Officer, Marc Bolland, has announced his surprise retirement today from the high street department store group, following disappointing third quarter results regarding a larger than expected decline in clothing sales. Bolland indicated his wish to retire from his role after a six year tenure at the helm of M&S...

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Report

Apparel and footwear prices continue to decline in December

Apparel and footwear prices declined 6.4 percent year on year last month, the largest decrease in prices within all of the UK's non-food categories, as retailers began to offer seasonal discounting for the festive trading period. Children's, women's and men's wear all reported accelerations in their price deflation rates, while accessories fared...