Word: apparel
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...came in above company expectations of a 4-6 percent year-over-year increase. Rival Kmart, meanwhile, said its sales from Nov. 22 to Dec. 23 came in at the low end of expectations, but picked up considerably in the last few shopping days before Christmas, with winter apparel - thanks to some cold days - finally getting off the ground. And the ultimate in lazy-man's shopping destinations - the Internet - looks to be having a better season than the mall, as Yahoo announced that Thanksgiving-to-Christmas online sales through its portal were up 86 percent from last year...
Anti-sweatshop activitsts applauded a rare victory in union-organizing when factory workers and representatives of the Workers Rights Consortium (WRC), a non-profit sweatshop watchdog group, testified to the “unprecendented” success of recent efforts to create an independent, democratic union in the Kukdong apparel plant in Mexico last Thursday...
Workers in Kukdong, a factory that manufactures university logo apparel for Nike, have complained of abusive working conditions and overbearing management but managed to organize, aided by an intense effort on the part of the WRC, founded two years ago by a consortium of non-profits, universities and non-governmental organizations...
While in New York City for the meet, the team had the opportunity to visit Ground Zero as well as one of the firehouses that responded to the events of Sept. 11. The team also presented the firehouse with various items of Harvard sports apparel to be given to children affected by the tragedy...
...that households are planning to spend some $28 less than 2001's $490 average, with only 56 percent planning on matching last year's total and more planning on spending less than spending more. Retail Forward Inc. forecasts a drop of 1.5 percent in the season's sales of apparel, furniture, consumer electronics and other general merchandise over last season's - which doesn't sound too bad until you consider that such sales haven't fallen on a year-to-year basis in 34 years. In what passes for optimism this year, the National Retail Federation predicts holiday sales will...