Affordable Footwear Act stumbles in Congress
By Kirsti Ellis
WWD.com
The Affordable Footwear Coalition has tried to push for inclusion of the Affordable Footwear Act in the President’s economic stimulus plan. The amendment would eliminate $800 million in regressive tariffs across several footwear categories, including children’s footwear and certain types of lower priced shoes. The Senate’s version of the bill has already failed and was not included in the House bill. The bill would eliminate 43% of the $1.8 million in annual duties collected by the U.S. government. I think that this amendment is a good Idea. It will stop the higher cost of tariffs paid by the manufactures from spreading to the end consumers.
In this economy I think any amendment that will help Americans spend less money is much needed.
Saturday, March 28, 2009
Tuesday, March 24, 2009
VF completes acquistion of Mo Industries
VF completes acquisition of Mo Industries, Owner of Splendid and Ella Moss contemporary Sportswear Brands 3/18/09
VF Corporation acquired Mo Industries, to be exact, the remaining two-thirds of their capital stock. It was acquired in a effort to grow VF's Contemporary Brands Coalition, which currently includes 7 for All Man Kind, Lucy Brands, and now John Varvatos. I think that it is a step in the right direction for VF. Now that they realize that there is a substantial amount of money to be made in contemporary markets. Especially since American apparel is becoming more relaxed and casual and the younger population is a stronger buying force in apparel than ever before. It's only right to cater to their needs. The outcome is very profitable for VF. It cost Vanity Fair $161 million to attain the rest of Mo Industries, but in the end I think it was well worth it.
VF Corporation acquired Mo Industries, to be exact, the remaining two-thirds of their capital stock. It was acquired in a effort to grow VF's Contemporary Brands Coalition, which currently includes 7 for All Man Kind, Lucy Brands, and now John Varvatos. I think that it is a step in the right direction for VF. Now that they realize that there is a substantial amount of money to be made in contemporary markets. Especially since American apparel is becoming more relaxed and casual and the younger population is a stronger buying force in apparel than ever before. It's only right to cater to their needs. The outcome is very profitable for VF. It cost Vanity Fair $161 million to attain the rest of Mo Industries, but in the end I think it was well worth it.
Friday, February 13, 2009
Retail Shares sink as Walmart cuts jobs
Retail Shares sink as Walmart cuts jobs
by Kristi Ellis and Matthew Lynch with contributions from Arnold J. Karr and Liza Casabona
posted Tuesday February 11,2009
www.wwd.com
Although Wal-mart is doing considerably better than its competitors, in fact they have not really bean affected by the recession that much, they have cut 800 jobs at its headquarters in Bentonville, Arkansas. Mainly in the apparel buying operations department, and will be moved to New York. While employees were layed off they still have the chance to reapply for thier previous jobs owned in Bentonville in New York.
The company feels that it makes sense to move the buying operations to New York to be closer to its apparel design operations it moved from Bentonville a year ago.
Wal-mart will still continue to hire at its in-store level positions.
It goes to show that even the worlds best retailer had to cut some strings somewhere. No one is really exempt from this recession.
by Kristi Ellis and Matthew Lynch with contributions from Arnold J. Karr and Liza Casabona
posted Tuesday February 11,2009
www.wwd.com
Although Wal-mart is doing considerably better than its competitors, in fact they have not really bean affected by the recession that much, they have cut 800 jobs at its headquarters in Bentonville, Arkansas. Mainly in the apparel buying operations department, and will be moved to New York. While employees were layed off they still have the chance to reapply for thier previous jobs owned in Bentonville in New York.
The company feels that it makes sense to move the buying operations to New York to be closer to its apparel design operations it moved from Bentonville a year ago.
Wal-mart will still continue to hire at its in-store level positions.
It goes to show that even the worlds best retailer had to cut some strings somewhere. No one is really exempt from this recession.
Thursday, February 5, 2009
Stocks Jump as Retail, tech stocks advance
Stocks jump as retail, tech stocks advance
By MADLEN READ and TIM PARADIS, AP Business Writer Madlen Read And Tim Paradis, Ap Business Writer –
Wal-mart and Macy's saw a increase in stocks last month, while other retailers aren't doing quite as well. I know that this spike in Wal-mart's stocks is a direct result of the economic pressures that are placed on consumers trying to spend thier money wisely and get the most for their money. Wal-mart is the best place to do just that. Wal-mart will flourish in the good and the bad times, they have a fool-proof strategy in the way that they do business and market their merchandise. I think that Wal-marts stocks will continue to rise as the economic crisis is expected to get worse as we progress further into 2009.
By MADLEN READ and TIM PARADIS, AP Business Writer Madlen Read And Tim Paradis, Ap Business Writer –
Wal-mart and Macy's saw a increase in stocks last month, while other retailers aren't doing quite as well. I know that this spike in Wal-mart's stocks is a direct result of the economic pressures that are placed on consumers trying to spend thier money wisely and get the most for their money. Wal-mart is the best place to do just that. Wal-mart will flourish in the good and the bad times, they have a fool-proof strategy in the way that they do business and market their merchandise. I think that Wal-marts stocks will continue to rise as the economic crisis is expected to get worse as we progress further into 2009.
Friday, February 8, 2008
Wal-Mart tapping first solar electric store
2/8/08
“Wal-mart tapping the first solar electric store”
By Staff -- Home Textiles Today, 1/28/2008 12:33:00 PM
In Chino, California Wal-mart stores will be installing its first 390 kilowatt solar power system in an effort to conserve energy as well as money and decrease the greenhouse gas output that Wal-mart has. Wal-mart hopes to install 22 of these solar power systems in Wal-mart stores, Sam’s Clubs, and distribution centers throughout California and Hawaii. The stores are expected to achieve savings on current utilities on the first day of operation.
The entire project is financed by deferred capital expense. "Wal-Mart is moving forward with its commitment to conserve energy, reduce energy costs and lower greenhouse gas emissions -- and this project is a step in the right direction,” said Kim Saylors-Laster, vp of energy, Wal-Mart.
The solar panels that the stores will be using are said to be fifty percent more effective than conventional solar panels. They also are expected to provide up to thirty percent of the total electric power in stores in which they are installed. www.hometextilestoday.com
“Wal-mart tapping the first solar electric store”
By Staff -- Home Textiles Today, 1/28/2008 12:33:00 PM
In Chino, California Wal-mart stores will be installing its first 390 kilowatt solar power system in an effort to conserve energy as well as money and decrease the greenhouse gas output that Wal-mart has. Wal-mart hopes to install 22 of these solar power systems in Wal-mart stores, Sam’s Clubs, and distribution centers throughout California and Hawaii. The stores are expected to achieve savings on current utilities on the first day of operation.
The entire project is financed by deferred capital expense. "Wal-Mart is moving forward with its commitment to conserve energy, reduce energy costs and lower greenhouse gas emissions -- and this project is a step in the right direction,” said Kim Saylors-Laster, vp of energy, Wal-Mart.
The solar panels that the stores will be using are said to be fifty percent more effective than conventional solar panels. They also are expected to provide up to thirty percent of the total electric power in stores in which they are installed. www.hometextilestoday.com
Sunday, February 3, 2008
• Social Trends that you see – which retailers have not yet identified or actively targeted
Of course the Hispanic population is much underrepresented as far as clothing goes. Over the next few years the Hispanic population will more than double, and will become the majority in America. So now is the time for retailers to start doing their research on that population as well actively targeting them.
Customer profile
Forever 21
Forever 21 is a young women’s clothing company that was started in 1984 by Don W. Chang, who is currently the president and CEO. Most consumers are of college age or in high school. Mainly these individuals are very fashion forward and trendy as well as on a budget. Clothing is mass produced, therefore prices are very low. The company is based out of Los Angeles, California, privately held, corporate hierarchy, and employs 6,000 people in the United States.
It’s SIC code is 5621 - Women's Clothing Stores. Current competitors are Charlotte Russe Holding Inc., The Wet Seal Inc., and bebe stores Inc.
On December 31, 2004 at the end of their fiscal year their approximate sales were $640,000,000. Forever 21 is also the parent company for Heritage 1981 and Twelvebytwelve.
Forever 21 is a young women’s clothing company that was started in 1984 by Don W. Chang, who is currently the president and CEO. Most consumers are of college age or in high school. Mainly these individuals are very fashion forward and trendy as well as on a budget. Clothing is mass produced, therefore prices are very low. The company is based out of Los Angeles, California, privately held, corporate hierarchy, and employs 6,000 people in the United States.
It’s SIC code is 5621 - Women's Clothing Stores. Current competitors are Charlotte Russe Holding Inc., The Wet Seal Inc., and bebe stores Inc.
On December 31, 2004 at the end of their fiscal year their approximate sales were $640,000,000. Forever 21 is also the parent company for Heritage 1981 and Twelvebytwelve.
Monday, January 28, 2008
SWOT analysis
Strengths: I am dedicated to my school work.
I work hard on whatever I do.
Prompt in whatever I do.
Able to adapt to certain situations quickly.
Weaknesses: Sometimes I procrastinate.
Tend to set unrealistic goals.
Some people tend to think that I am demanding.
Opportunities: I want to travel and see the world affordably.
In less than five years I want to be debt free with a wonderful job
in a different state.
Graduation!!!!
Threats: Lack of focus.
I work hard on whatever I do.
Prompt in whatever I do.
Able to adapt to certain situations quickly.
Weaknesses: Sometimes I procrastinate.
Tend to set unrealistic goals.
Some people tend to think that I am demanding.
Opportunities: I want to travel and see the world affordably.
In less than five years I want to be debt free with a wonderful job
in a different state.
Graduation!!!!
Threats: Lack of focus.
RCS 261: Mission Statement
My goal in life is to be successful at whatever I do in life, and to treat others the way that I want to be treated.
Friday, January 18, 2008
RCS 261-01(Spr.08) Online shopping vs.In store shopping
RCS 261-01 1/18/08
I would prefer online shopping to in store shopping on certain items. Shopping online is just so much easier. I can usually find the sizes that I’m looking for without the hassle of combing through tons of racks. Plus, some sites offer online specials and free shipping, which is just another incentive for me to shop online. With online shopping you also have a greater variety of items to choose from. However I would not buy pants online unless I was familiar with the size measurements of that particular retailer. But other than that, that is really the only downside for me when it comes to online shopping.
S. Williams
I would prefer online shopping to in store shopping on certain items. Shopping online is just so much easier. I can usually find the sizes that I’m looking for without the hassle of combing through tons of racks. Plus, some sites offer online specials and free shipping, which is just another incentive for me to shop online. With online shopping you also have a greater variety of items to choose from. However I would not buy pants online unless I was familiar with the size measurements of that particular retailer. But other than that, that is really the only downside for me when it comes to online shopping.
S. Williams
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