Most Recent Articles In Retail
Latest Retail Articles
- Reebok Opens FitHub in Union Square
- Authentic Brands Group Adds to Portfolio
- 3 Questions for Scott Silverstein
More Articles By
Retailers are springing forward.
With unseasonably high temperatures hitting much of the country again last week, storeowners said they are recording brisk sales of spring merchandise, even as some still grapple with clearing cold-weather inventory.
“Warm weather is great for business,” said Gary Weiner, president of Richmond, Va.-based Saxon Shoes. “Customers seem a bit more open to spend money this spring than they have been. [Retailers] always want a cold spell in September and a warm spell in March. We’re getting a great warm spell right now, that’s for sure.”
Weiner, who is forecasting double-digit growth this season, said he is already seeing positive sell-throughs on open-toe shoes and has moved to offering late-spring product earlier than normal.
East Hills, N.Y.-based Singer 22 is also on a hot streak, with brands such as Superga, Jeffrey Campbell and Tkees leading the way. “Our spring definitely started earlier because of the weather,” said company CEO Jon Singer. “[Spring sales] are trending 35 percent higher than last year at this time.”
In Chicago, where record high temperatures were recorded in mid-March, flip-flops, sandals and moccasins have been performing well at City Soles.
“We’ve been hit by a wave of consumers because it’s suddenly super nice out,” said owner Scott Starbuck. “We’re a street location, so shopping is prevalent when there are more people outside.”
But the dramatic weather shifts haven’t been all positive.
The unexpected heat made it more difficult to sell through cold-weather merchandise that was left over from the mild winter, Starbuck added.
Rather than liquidating these items, he plans to hold on to styles such as snowboots until next fall. “The basic snowboot will be the same next season,” Starbuck said. “We’ll just box up our weather-type boots and pull them out again in September.”
Daniel Kahalani, president of Brooklyn, N.Y.-based DNA Footwear, also intends to store unsold winter product in his warehouse. He said the abrupt warm temperatures on the East Coast made putting boots on clearance nearly impossible.
“If you don’t have the weather, you’re not liquidating anything,” Kahalani said. “You’re just losing money for no reason. ... You can bring it out next year and get the same margins.”
He added that he also plans on a smaller 2013 buy on cold weather items due to the extra merchandise still left in his inventory.
“[Retailers] had a weird fall season because the weather wasn’t cooperating,” Kahalani said. “Everybody was kind of scratching their head after this winter, and thankfully, spring is a new start.”
But not all retailers are as bullish. Park City, Utah-based Mary Jane’s owner Lori Harris said the mild weather put a damper on her business, which thrives on ski traffic.
With less snow than in years past, Harris is expecting flat sales gains this year, and she’s sitting on plenty of product.