Monday, 1 March 2010
Is it early too early to think about Christmas?
Cassandra was cursed with gift of prophecy. No one believed her predictions even though they were always true. Cassandra was fated to know the future but to be powerless to alter it.
A bit like Alistair Darling.
Meanwhile outside of mythology you may have noticed USA sizes on your box of trainers or top recently. Shoes are a size down and clothes several sizes different. There is loads on Ebay too.
UK fashion retailers and online shops have been buying stock in the USA for a good few months now. This is more unusual than it seems as the clothes are usually bought in $ in China or the far east and made for Europe and UK specifically.
The USA stock was cheap bargain priced canceled orders, bankrupt stock and liquidators specials as US outlets went bust and others cut back inventory.
Expect all that to end if the £ keeps tanking. Xmas orders need to be bought about now for everyone who put off doing it in Oct/November hoping to pick up bargains. The shipping time is usually 'FROM' 6 months. Leaving it late means a premium to pay for shipping.
Either way, unless the £ picks up quickly, prices will rise. Not just fashion of course. Almost everything comes from overseas and is traded in dollars. Casandra might just conceivably be seeing the inflation genie heading this way for the festive season.