Foot traffic in clothing stores on the rise
Clothing stores are now seeing more demand as people start to go out more often, The Wall Street Journal reported on Sunday, May 2. The request comes at the junction of many events, including the opening of more social events, the expansion of vaccines in the United States and the reopening of offices, as well as ongoing stimulus checks.
Foot traffic to clothing stores has generally returned to levels not seen since before the pandemic, with visits down 3.4% in the week starting April 5 compared to the same week in 2019. From plus, buyers started taking more weekend trips. and visit more stores when they go out, according to the report. Additionally, the fact that people gained or lost weight during the pandemic is expected to potentially boost clothing sales.
Some trends have emerged in product sales, such as people starting to buy pants with more buttons and zippers than those with drawstrings or elastic belts. At Saks Fifth Avenue, dresses, blouses and sandals have started selling at levels not seen since spring 2019, according to the WSJ. And at Haggar Clothing Co., distribution center workers have been working overtime to replenish the inventory of its pants and blazers for stock in the retail stores that sell them.
On Thursday, April 29, Moody’s Investors Service updated its outlook for the US retail and apparel sector from stable to positive. The industry is now expected to experience the strongest recovery in operating income over the next 12 to 18 months.
Fashion icon and longtime Vogue editor Anna Wintour said she foresees a boom in sales of luxury and high fashion products in the style of the ‘1920s, noting that people would be looking to spend, travel and dress after being locked up for so long. .