Retailers, consumers and prices
Check out what’s happening in apparel retail, according to UBS analyst Roxanne Meyer.
There were lower promotional levels last week as fall items hit stores, Meyer said in a research note.
Retailers are focusing on plaid woven tops, scarves, skinny and boyfriend denim, leggings, artsy graphic tees, flutter sleeves, boyfriend blazers, ruffles and chunky necklaces. Oh, and skirts are making a comeback.
Meyer said she is starting to see some “more reasonable” price points at Abercrombie & Fitch, which has tried to avoid aggressive promotions that other retailers have used for months to clear excess inventory during the recession.
But she also said demand for $180 blazers, $80 super skinny jeans, $98 boyfriend jeans and $80 beaded silk tank tops at the store will be limited.
Also in the basket:
CIT Group on cusp of $3 billion rescue
Hasbro profit beats, Discovery deal to hurt less
Jarden sees profit, sales meeting or topping view
RVC buys Ellen Tracy collections (WWD, subscription required)
Barnes & Noble consolidates publishing (Wall Street Journal)