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Post Trump and Brexit: There’s More Than One Way to Skin the International Cat

Join Theory, Google, H&M, McKinsey, Foot Locker, Lafayette 148, LL Bean, the Retail Prophet and more at Sourcing Journal’s Virtual Sourcing Summit, R/Evolution: Overhauling Fashion’s Outmoded Supply Chain, Oct 14 & 15.

While American voters were confounding practically all observers on Nov. 8, on the other side of the Atlantic, Britain’s Marks & Spencer unveiled a strategy that may be designed for a post-Brexit, post-Trump world.

On the surface, it seemed the standard announcement we’ve seen from large apparel chains all year: domestic store count to be cut short-term around 5 percent to 10 percent, with a few apparently high-profile closures in its relatively recent—and disappointing—overseas expansion.

Similar, it seemed, to Gap’s recent series of cuts: stores closed at home, followed by Old Navy pulling out of Japan and Banana Republic being pulled from the U.K. in October.

Read more at Sourcing Journal.

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