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Trends/Analysis - <strong>Retail</strong> - WWD.com<br />
http://www.wwd.com/retail-news/trends-analysis/retailers-see-myriad-opportunities-for-fal...<br />
Page 6 <strong>of</strong> 6<br />
2/25/2013<br />
Yerkes concurred, saying, “Before, they were hesitant <strong>to</strong> buy higher price points and now that the economy is<br />
shifting, people are purchasing those high-dollar pieces.”<br />
At Vanity, Shea was concerned that delays in tax refunds and increases in payroll taxes might make cus<strong>to</strong>mers<br />
tentative about parting with their money. Still, she commented cus<strong>to</strong>mers aren’t buying the cheapest <strong>of</strong> the cheap<br />
just because they are priced low. She said, “We have the more basic commodity items, but when we add some<br />
embellishment on the jeans, for example, she will pay for it. She does know what she wants in terms <strong>of</strong> trends,<br />
and she does want something new in her closet.”<br />
Shea said Vanity’s budget for f<strong>all</strong> merchandise is at least equal <strong>to</strong> last year and not being “decreased by any<br />
means.” However, that doesn’t mean Vanity isn’t careful about what it is bringing in<strong>to</strong> its s<strong>to</strong>res. She emphasized<br />
versatility is paramount.<br />
“Our approach is investing heavily in<strong>to</strong> those key uniform pieces she can get the most wear out <strong>of</strong> versus being<br />
spread throughout in fashion,” said Shea.<br />
And, even as price sensitivity wanes, retailers continue <strong>to</strong> pay close attention <strong>to</strong> the price options that work in<br />
their s<strong>to</strong>res. At Scoop NYC, Hoelzer would like <strong>to</strong> find more quality accessory resources in the contemporary<br />
price range <strong>of</strong> $400 <strong>to</strong> $800 in which Rag & Bone and Marc by Marc Jacobs have been prominent players.<br />
“That is a sweet spot that retailers including myself are looking <strong>to</strong> fill,” she said.<br />
One positive — and surprising — development at the start <strong>of</strong> 2013 is the strength <strong>of</strong> swimwear. Hardy didn’t<br />
know what <strong>to</strong> make <strong>of</strong> the bump in swimwear. He guessed, “People have wanted <strong>to</strong> escape where they are at.”<br />
Hoelzer thinks it portends well for the rest <strong>of</strong> the year: “That’s always a good sign — that people are traveling and<br />
taking vacations.”<br />
WWD<br />
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