Trends for Fall 2010

Q: I’m about to go to market. Should I expect a lot of change in what’s trending from now to next fall? A: Although we haven’t seen the market for fall 2010 yet, we do know that our business has a relatively slow change in trends, so outerwear and knitwear will probably continue to trend […]

Last Minute Markdowns

Q: Christmas is a little over a week away and my business is doing just okay. Should I start taking deeper markdowns? A: It depends on how you’re trending. If you’re still doing as well as last week and don’t feel that you are really missing any trends, then stay put. However, if you are […]

Holiday Sales So Far

Q: I’m having a hard time telling how December sales are really going with all the different media accounts. What are your forecasts for Christmas? A: Coming into the season, we expected at best single-digit gains over last year. However, we are seeing a sluggish start to December among most of our retailers, leading us […]

Adjusting For Holiday

Q: Given that fall business has picked up, should I adjust my plans to reflect a more positive holiday season? A: While it’s true that we are seeing positive trends in October, it is still too early to determine whether we should adjust our plans up for holiday. At Blacks, we projected a positive October […]

Fall Business Picking Up

Q: Business picked up in my store over the last couple of weeks. Are you seeing this trend in other stores? Can we expect it to continue? A: We have seen an upswing in sales in stores across the U.S. so far this month. As predicted, we’re seeing particular strength in outerwear and knitwear. Some […]

More Markdowns?

Q: As we head into fall, am I going to have to take the tremendous amount of markdowns that I took last year to move inventory? A: I don’t think you have to. We are already seeing markdown levels that are lower than last year. You still have to be more promotional than you have […]

Fall Business Plans

Q: Going into the fall season, should I continue to plan my business down? A: As you well know, we began to see 30% decreases last October, so as we head further into fall, we hope to plan business even against last year. As an assurance, keep some open to buy so you are in […]

Christmas in July?

Q: I’ve noticed that mass-market retailers are moving up the seasons to try to capture early sales. For example, K-Mart began selling Christmas goods in July. Should I be moving up my seasonal inventory as well? A: Actually, you should be doing the opposite. The apparel market is starting to mirror the calendar year to […]

CIT Group

A: Should retailers be worried about CIT Group’s potential bankruptcy? Who will be hurt if they file? A: CIT, as a major factor, is deeply entrenched in the apparel industry. It plays a part in fabric procurement, manufacturing and financing of shipments to retailers. If CIT files for bankruptcy, it could potentially impact 30 to […]

Lower-Priced Goods

Q: I read that Neiman Marcus is expanding into lower-priced goods. Should I do the same? A: We see this trend toward lower-priced goods continuing for a while, so as you go into market you may want to look to expand you price points if you haven’t already. However, keep in mind that you still […]