Could there be a light at the end of the tunnel? Could the apparel industry be on the cusp of a rebound from a 9-month period of excess markdown activity?
As reported by Forbes over the weekend, Credit Suisse released a report on Friday that stated for the first time since this time last year, the apparel industry’s sales growth is growing faster than inventory levels.
A few divisions of the industry that are improving include teen retailers, department stores and off-price retailers. However, it’s not all good news. Even though some are seeing progress, others are still struggling, such as handbag retailers and women’s apparel.
With the holiday season rapidly approaching, what will 4th quarter reveal?
To read the full Forbes article, “Report Says Retailers Are Emerging from a Yearlong Apparel Slump”, view here.