CEO for Jones Apparel Group States Business is Stabilizing
Jones Apparel Group Inc CEO Wesley Card said at the Reuters Global Retail Summit in New York: “Business is a little better than expected, we feel like things have stabilized and steadied out, particularly in the tier we operate in, at department stores and down.”
Wesley Card is seeing business stabilize and does not expect markdowns in the holiday shopping season to be deep as they were a year earlier, the chief executive said on Thursday.
“As we go through this year, there’s going to be less stock,” he said. “Retailers have commented that they have less merchandise being marked down.”
U.S. Cotton Growers Hit Hard by Global Recession
The single most important market for cotton is denim. One of every five pounds of cotton sold worldwide goes into the manufacture of denim jeans and jackets. Being the world’s most popular market, puts a big target on cotton’s back for synthetic fibers.
Products like Storm Denim, give denim a water repellent quality, but don’t take away the comfort qualities of cotton. If the Storm Denim process goes into production, it would add about 50-80 cents per garment to the end cost of the product, Messura says.
“We can’t overlook the added cost when we develop new ways to use cotton. The average price of cotton apparel worldwide is going down. We have to keep price in mind in our efforts to build market share in apparel products,” Messura stresses.
Stay True cotton is a good example he says. This process allows denim jeans to retain up to 93 percent of their original color after 25 washings. Stay True has some marketing advantages, but we have to be sure consumers are willing to pay for it, Messura explains.
Sleepyheads.com Father’s Day Gift - 15% off Any Item
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That’s right, as a special gift from Sleepyheads.com; they are saying take off 15% on any item for Father’s day. |
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Women with Small Feet Don’t Have To Be Frustrated
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Every Woman Must Attend This Summers Social Gathering
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