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Clothing Chain Sales Up

 
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mark occomore



Joined: 07 Dec 2006
Posts: 9955
Location: UK

PostPosted: Tue Nov 04, 2008 6:36 am    Post subject: Clothing Chain Sales Up Reply with quote

Clothing chain Primark sales are up by 18% as people are choosing to shop at cheaper prices than the normal Mark & Spencers outlets.

http://news.bbc.co.uk/1/hi/business/7604284.stm

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I do think M&S are struggling with their food outlets? I think they will sell them off in the near future? I don't shop at M&S, but they do have their loyal customers. Primark do sell some fashionable clothing, and I do buy my clothes there. I also find Tesco and Asda a good place to buy clothes.

Where do you all shop for your clothes?
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SantaFefan



Joined: 07 Dec 2006
Posts: 11258
Location: top of the cliffs in Norfolk

PostPosted: Tue Nov 04, 2008 8:33 am    Post subject: Reply with quote

Wal-Mart Laughing
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gfloyd



Joined: 07 Dec 2006
Posts: 4861
Location: Here, There, Everywhere.

PostPosted: Tue Nov 04, 2008 8:42 am    Post subject: Reply with quote

SantaFefan wrote:
Wal-Mart Laughing


Asda by another name
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Ian Robinson
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Joined: 11 Dec 2006
Posts: 3608
Location: Chorley, Lancashire

PostPosted: Tue Nov 04, 2008 12:00 pm    Post subject: Re: Clothing Chain Sales Up Reply with quote

mark occomore wrote:
I do think M&S are struggling with their food outlets? I think they will sell them off in the near future?

I haven't read the report but I thought that (until today) the food section was the most consistent earner for M&S. And it's taken a dip partly because of getting Piers Morgan to do the TV ads (seriously - sales of steak fell 30% in the period his ads ran).
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RockitRon



Joined: 07 Dec 2006
Posts: 7646

PostPosted: Tue Nov 04, 2008 1:18 pm    Post subject: Reply with quote

Primark's sales have risen 21% on increased selling space of 13% in the last year. Like-for-like sales were up 4% last year and the trading update says that they are expected to grow by just 2% this year.

The secret of their success is nothing new - pile it high and sell it cheap (so cheap that you don't wear it and wash it - it's more cost and energy efficient to throw it away) and for as long as they can continue to source their products at next-to-nothing cost then I'm sure that credit-crunch-hit customers will continue to buy.

Since Sainsbury's put clothes into our local store my wife and son have found quite a lot to their liking - not quite as cheap but reasonably well made and they wear well.

M & S food sales have probably fallen because I've stopped buying naughty things there Wink
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