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Selfridges reveals 28% boost in men's underwear sales Friday, 5th April 2013
The Selfridges flagship on London’s Oxford Street has revealed that sales of men’s ‘bodywear’ – underwear, sleepwear and socks – has proved to be a recession-busting item, much like lipstick has been for women for decades.
J.C. Penney abandons "every day low price" strategy after 25 per cent sales drop Wednesday, 27th March 2013
Reuters has reported that J.C. Penney has made the decision to raise the price of products in its stores, so that it can return to its old marketing strategies of offering discounts through sales, promotions and coupons. Financial news publisher Reuters reported that it had received an email from Daphne Avila, a spokeswoman for the company.
John Lewis criticised over supplier rebate Tuesday, 12th March 2013
Leading department store chain John Lewis has been criticised after announcing that its suppliers will be subject to a rebate, with the amount being dependent on the rate of the sales increase of each supplier. The Telegraph reported that John Lewis issued a letter to its suppliers stating that, effective from the beginning of last month, the scheme will impose a reduction on each supplier’s annual invoice, with the total linked to their rate of sales growth.