Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Independent retailers slash buying budgets for spring 09

About 70% of womenswear independents are slashing their budgets for spring 09 as tough trading conditions bite into their buying.

A Drapers straw poll of 25 womenswear indies found that almost 70% planned to reduce their spend. However, many retailers said they would reduce their risk further by cutting back on forward orders and holding more budget for in-season top ups.

Katriona Monaghan, owner of womenswear independent Katriona in Banbridge in Northern Ireland, said: “Our budgets are down, but I’m not sure how much at this stage. The start of the year was good, but the middle was wobbly.”

Monaghan added that she planned to shift her budget away from spring and more towards high summer to capitalise on the pre-holiday market.

Melanie Deeley, owner of The Wardrobe in Dulverton, Somerset, said: “If we’re heading for a recession, we need to cut back.”
Primrose Oakley, co-owner of Biscuit in Bishop’s Stortford, Hertfordshire, said: “We’ll hold more spend back for high summer, as it’s such a short selling period.”

Glynn Alwyn-Jones, chairman of the International Fashion Federation (IFF), warned that buying patterns would change significantly due to the tough climate on top of the concept of two seasons disappearing.

He added: “Independents are not as gloomy as the market would like to think they are. Spring 08 has been patchy, but overall in line with expectations. Based on that, while retailers will be careful for spring 09, I don’t believe attitude will translate into extreme caution.”

Geraldine Bennett, UK sales director for Oui Group, said sales had been mixed. “Bridge level has been strong but mainstream and premium has seen budget holding,” she said.

Readers' comments (2)

  • Carrying less stock is not necessarily the answer. If you haven't got the product when customers walk through your door, you can't do any business.

    And yes, I am an agent with a vested interest, but I do believe in that philosophy. No stock, no business.

    Unsuitable or offensive? Report this comment

  • Stock sells stock, I agree with the comments below, but as an indie, suppliers have to offer payment plans to help the indies represent their collections and increase sales.

    Unsuitable or offensive? Report this comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.