Sponsors
Billabong ▼ -0.020 | PPR ▲ +1.35 | American Apparel ▼ -0.029 | The Buckle ▲ +0.01 | Columbia ▲ +0.06 | Deckers Outdoor ▲ +2.55 | Dicks ▲ +0.12 | Foot Locker ▲ +0.18 | Genesco ▼ -0.02 | Iconix Brand Group ▲ +0.01 | Jarden Corp ▲ +0.85 | Nordstrom ▲ +1.03 | Luxottica ▲ +1.64 | Nike ▲ +1.05 | Pacific Sunwear ▼ 0.00 | Skullcandy ▲ +0.09 | Sport Chalet - 0 | Urban Outfitters ▲ +0.06 | VF Corp ▲ +0.35 | Quiksilver ▲ +0.07 | Zumiez ▲ +0.81 | Macys ▲ +0.45 | Tillys ▼ -0.04 |
Ticker Sponsor
Readers Say
Since the inception of Executive Edition, I only need 1 stop
Since the inception of Executive Edition, I only need 1 stop

As a retailer in the surf industry for the past 21 years, I have had to use multiple sources to stay informed to the news within surf. Since the inception of the Executive Edition of Shop-Eat-Surf.com, I need only one stop. Thanks for providing such a valuable tool to all of us in the industry. Shop-Eat-Surf is a must read for all of our staff at Maui Nix.

- By George Karamitos, CEO, Maui Nix
The one, undisputed leader
The one, undisputed leader

It is common knowledge in our industry that there is one undisputed leader in reporting on the topics, businesses and trends that impact all of us the most, and it is shop-eat-surf.com. Their access to those who make our industry happen is second to none, and we value not only the content of their reporting but the editorial thought on what it all means both in the present as well as the future. If we were asked to give a rating, it would be five out of five stars.

- By Craig Levra, CEO, Sport Chalet
Industry Insight

SDSI: 7 new companies accepted into the Springboard business mentoring program. AGENDA: Registration and travel planning now open for January and February trade shows.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

National retailers use different strategies for the holidays

By Tiffany Montgomery
October 16, 2009 6:40 AM

BusinessWeek has an interesting story about how some national retailers are approaching the holiday season.

We all know what happened last year: retailers got caught with too much inventory after the economy took a turn for the worse in the fall, which led to unprecedented discounting.

This year, companies had more time to prepare for the current landscape, and are using different strategies.

Here's a summary:

Restoration Hardware is going more upscale by finding artisans to hand make more furniture. "If you're going to battle with the same goods you did in the last economy, you're probably going to lose," CEO Gary Friedman told BusinessWeek.

JC Penney is holding 60% of its inventory in warehouses, either finished product or fabric. The idea is to not flood stores with merchandise that then needs to be discounted if sales don't materialize, and to have fabric on hand to make more clothing if sales in key styles go better than expected.

Container store has permanently cut prices by about 16 percent on one tenth of its products with the hopes of avoiding price promotions.

Saks Fifth Avenue, which caused a firestorm last holiday season by drastically cutting prices on designer goods before Thanksgiving, has increased its offerings of mid and entry-level fashions. The company has pressed designers to make less expensive goods with different fabrics and embellishments.

Neiman Marcus is using Facebook and emails to promote limited sales on select items, but only for two to three hours on one day. One night, for example, the luxury department store offered deep discounts during a Monday Night Football game.

Some retailers are expanding what they sell. Sears has added permanent toy sections in some stores, Best Buy is testing selling used video games, electric scooters and patio furniture.

Click here to read the entire story.

 

 


Articles You Might Have Missed