Thursday, July 26, 2007

Wal-Mart apparel faces back-to-school test

(Reuters) - The world's largest retailer has struggled with poor apparel sales after its efforts to compete with Target Corp. and sell hipper clothes, like skinny jeans and velvet blazers, backfired with its shoppers, who were looking for basic, classic and affordable clothing.




For the past year, Wal-Mart has been trying to fix its mistakes and has marked down unsold clothing, scaled back its trendy Metro 7 apparel line and said last week that Claire Watts, who oversaw its apparel merchandising, had resigned.


Read more at Reuters.com Business News

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