Weekly Shop Report
If we cry over every other bit of sad retail news this week, at least we have the decline of Crocs to drink to. La Hiem!0
Remember Fashion Night Out – Anna Wintour’s brainchild extravaganza aimed at celebrating fashion? And the fun, glitzy energy of Fashion Week? (Yeah, we miss it too.) Well, we don’t mean to rain on your sunny September, but while Gotham girls are six inch stiletto-sporting spenders, the rest of America is hardley ready to follow. (They never are.) Reportedly, the recession’s consumer confidence peaked in vacation-friendly August. Then people got back to their computers, clicked to their online banking and freaked out dropping the confidence average from 54.5 to 53.1 on the idex charts, which include measurements on “The Present Situation” and “Expectations.” Americans are scared of the immediate future, concerned about stretching their income and still edgy regarding job security. And the stock market fell…
In a nostolgic write-up, Sunday’s Times Style magazine told of a younger, buffer Alan Greenspan who, in the mid 70’s, said the economic state is rightly judged by the sale of men’s underwear. Perfect – we have the Beckhams in Armani and Eva Mendes draped over a sticky hot Jamie Dornan for Calvin Klein. So we must be doing hella well in the sale of skimpy undies, eh? Wrong.
Even oily hot ads can’t save tighty whities. So the forecast calls for a 2.3% decrease in the sale of man panties by year’s end. Translation: your dudes will be wearing old ratty boxers. Recommendation: buy them new undies. And if you can’t bear the desolate men’s department in Bloomies you can [almost] purchse apparel at Zappos. The famed shoe site Zappos.com announced last week it anticipates skyrocketing apparel sales that may even trump their shoe fetish. In other shoe news, the recession made the poor rubber Croc pull it’s reins on ruling style-starved our nation. And if we cry over every other bit of sad retail news this week, at least we have the decline of Crocs to drink to. La Hiem!
At the top of the stock reports this week are: the pop star of yoga Lulu Lemon, Coldwater Creek, Oxford, Cherokee (isn’t that the brand at Target?), and a few others. On the bottom: Revelon, FCUK, Joe’s Jeans and Hot Topic, although we aren’t too wrecked over that last one.
Basically, after Eva and Jamie, everything went downhill. Please get your wallets ready to revive retail people. I want something happy to report, next week…in shopping.
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