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VFC (VFC) Sales Affected by Economic Slowdown
Worries about the economy have affected sales of North Face clothing and gear, according 61% of respondents in a recent poll. 32% reported that jackets are their best selling items while 14% cited camping gear. 93% said they currently have enough jackets in stock, while the same number (93%) said they are able to get more if necessary.
62% of Dick's Sporting Goods (DKS) Spokespeople Report More Sales
Tickermine surveyed Dick's Sporting Goods, the retailer, this week. Twenty eight stores were consulted and asked which brands sell best, which shoe brands appeal to teen shoppers, has business increased this past few weeks, and are more items on sale.
The three top selling items this survey were golf equipment, New Balance products and any thing by Nike (NKE). 81% of those polled said Nike was most popular with teens followed by Reebok (RBK) (cited by 8%) and New Balance (also 8%). Surprisingly 50% of those polled said business was up recently. 38% said it was the same and 12% said business was flatter than before. Sales may well be a contributor. 62% reported having more sales now than before, 19% report having the same level and 19% say there are less. People don't spend that much however. 54% said their customers spend less than $75 per visit. 38% said customers spend between $80-$100 and only 8% report customers spending more than that.
Bebe (BEBE) Business Stays Strong
A survey of Bebe, the trendy clothing boutique, found that while just 4% of respondents call July sales "Very Strong", another 86% state sales are "Above Average" (43%) or "Average" (43%). Despite the strong sales, 57% report their store has excess inventory. 61% report an average receipt between $50 and $75.