About LIM College
Michael Londrigan quoted on Wall Street Journal Website on June Retail Earnings Reports
Retail promotions fueled strong sales in June
Michael Londrigan, Chair of LIM College's Fashion Merchandising Department, was quoted on the Wall Street Journal's website about retailers' earning reports for June (see below).
The challenge for retailers "is going to be profits," said Michael Londrigan, chairman of the fashion merchandising department at LIM College, which teaches management courses in retail and fashion. "Retailers came into the month with a little more inventory than usual because customers have been cautious, so that appears to have spurred greater than usual discounting. The challenge here is to be able to maintain the momentum of sales without further eroding earnings."
The original article appeared on the Wall Street Journal's website with the title "Retailers Show Uniformly Solid June Sales Fueled By Promotions."