Business

Ron Johnson Bets Big On…Ron Johnson

Ron Johnson, CEO of J.C. Penney, is facing criticism for the chain’s new retail strategies. Johnson, former VP Retail for Apple, was expected to turn the company around using the same innovation and panache led Apple to defy analysts’ expectations for its retail unit. Sales… Read More

Read More Read more
Business

Protests Reignite in Bangladesh

Protests reignited yesterday in Ashulia, the Bangladeshi apparel industrial zone on the outskirts of Dhaka. A ceasefire brokered between owners, strikers, and the government apparently failed due to actions taken by owners to dismiss workers involved in strikes earlier in July. Those strikes erupted into… Read More

Read More Read more
Business

Apparel Producer Prices Fall in June

Producer prices of apparel continued to stabilize in June, according to just-released US government data, an indication that cost pressures on apparel retailers are finally be starting to ease. The producer price index (PPI), which measures the average change in the selling prices received by… Read More

Read More Read more
Business

Apparel Store Sales Slow in June

After rebounding in May from April’s lackluster performance, total and same-store sales at the top apparel retail chains that still report on a monthly basis fell slightly in June, confirming suspicions that consumers remain cautious about the economy. As shown in the chart below, total sales at… Read More

Read More Read more
Business

Apparel Industry Stocks Mixed in June

After taking a bumpy ride for most of the month, the Dow Jones Industrial Average finished the month of June up 3.4%, bringing its year-to-date gain to 5.4%. Industry stocks were mixed, however. Although the retail index edged up .7%, the wholesale index slid by… Read More

Read More Read more
Business

Americans Earned More but Spent Less in May

Personal disposable income inched up ever so slightly in May, but spending growth slowed as Americans opted to save more of their take-home pay. Income increased 2.9%, not much above April’s level but consistent with increases of the past several months. Disposable, or after-tax, income… Read More

Read More Read more