I used to work in the garment industry and I can tell you that it is not easy to cancel orders of clothes that were placed months back. You can't turn on a dime and decide one day that you will no longer need the clothes that you ordered and return them.
It's true that clothing retailers had a suspicion that business would be slow this season thus they placed fewer orders, but none of them had any idea that it would be THIS SLOW. It is a total disaster out there...
Not even high end brands are immune from this global recession. In difficult times like these people do not go out and splurge on excessively expensive clothes.
They will have no choice but to cut prices like mad.
Originally Posted by pro
I agree with you. Most stores are going to have plenty of stock to dump after christmas this year more than any previous year we can remember....due to everyone being cautious and having a light...
Is it me or are all brands and retailers going to do FIRE SALES after xmas this year? This is a disasterous year for retail and clothing and they will have no choice but to dump the stuff they don't sell after xmas. They will be especially desparate because our economy is going to go into a further tailspin and NO ONE will be buying anything unless it's 70-90% off.
I saw a very classy Hermes watch in a Chinese luxury magazine. But I have not been able to find that watch on Hermes.com nor do they have it in my local Hermes store in Boston. Does anyone know of any good places to get Hermes watches? Thanks.
I suppose you also believe those who think a Yen-Dollar parity is possible in 2009. ;-)
Originally Posted by mussel
The pound-dollar parity is a real possibility in 2009 according to some forex traders.
Affect, not effect. :-)
Originally Posted by bryce330
It's now at 1.495 according to xe.com...
Am I the only one who's planning a quick shopping trip to London in the next few weeks?
I realize this may be more appropriate in the CE forum, but I'm really only interested in this news to the extent it effects my shoe buying power.
Originally Posted by voxsartoria
The more aggressive lasts favor a smaller foot aesthetically. I can see how they would fall apart in larger sizes.
I finally got a couple pairs of G&G recently in their stock shoe last and they are very nice.
This is definitely true. People with large feet should not wear the beautiful G&Gs. They are sure to make you look like you have clown feet.