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Joe's Jeans (JOEZ) a Top Seller; Sales of Premium Denim Strong
In a follow up to an earlier survey, Tickermine interviewed employees at 28 stores where Joe's Jeans are sold in addition to other premium denim. As in the previous survey, sales of premium denim still remain strong with 18% of respondents indicating that business was "very strong" this month, 37% said it was "above average," 33% called business average and 15% thought it was "below average." The majority (75%) of stores did not have inventory that was going to be discounted soon but 43% did feel that the weak housing market and economy in general were hurting business. Of the stores polled, 61% reported that Joes Jeans were the best selling brand of women's clothing right now a big change from our March survey where True Religion garners 58% of responses. The DKNY brand came in second in the current survey, with 11% of answers, and 7 for Mankind and True Religion tied for third, each with 7% of responses.
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