Skip navigation

Tag Archives: Neiman Marcus

Some of the big players in the fashion retail industry are getting screwed by the recession.

  • Nordstrom reported that holiday sales dipped 8.0 percent compared to last year.
  • Neiman Marcus is reporting decreases of 31.2 percent in the five-week holiday period compared to 2008.
  • Macy’s, Inc. reported a 4.7 percent drop for this holiday season compared with the five weeks ended Jan. 5, 2008.
  • Gap Inc. reported a 12 percent decrease compared with last year.

But get this.

American Apparel reported that for the month of December 2008, sales for stores open for more than twelve months increased 3% over the year ago period, “on a constant currency basis.”

For the month of December 2007, comparable store sales increased 37%. There were 162 stores in the sales comparison for December 2008.

Makes you go hmmm…

Advertisements

Seems there are just two groups of people in this world who agree with Sarah’s big spend on her new threads.

Politico’s Sarah Abruzzese tracks the story. Read More »