Vietnam continued to gain share of U.S. apparel imports in November, as the Southeast Asian country remained on track for another record year of apparel shipments to the U.S.
Cotton prices are finishing 2016 significantly higher than at the end of 2015, but this upward trend might not last too long.
Inflation crept up again in November, driven by higher housing and gasoline costs, but apparel prices remained virtually flat, as consumers began to take advantage of what many retail analysts predict will go down as one of the most promotional Holiday selling seasons in recent history.
Apparel-oriented retailers continued in November to bear the scars of the share wars underway in the extremely promotional and hypercompetitive apparel retail market.Read more
Vietnam continued to gain share of U.S. apparel imports in October, putting the country on track for another record year in 2016. But Bangladesh and India have also made inroads, with all gaining at the expense of China.
U.S. apparel imports continued to decline in October, furthering a months-long trend that doesn’t show signs of letting up and setting the stage for the first full-year drop in apparel imports since 2009.
Apparel failed to benefit from the uptick in consumer spending that continued in October. According to recently released data from the U.S. Department of Commerce Bureau of Economic Analysis, personal consumption spending rose by almost 4 percent on a 12-month smoothed basis, which corrects for……...
The economy added 178,000 jobs in November, but the retail sector downsized, the latest indication that the industry is not benefitting from the economic recovery and that planned seasonal hiring for 2016 hasn’t actually materialized.Read more
American incomes are rising, and consumers have started to spend more of it.Read more
U.S. store foot traffic and sales both dropped in November, a month that included Halloween by the way the calendar fell, the presidential election and Black Friday. However, the month ended on a positive note as Thanksgiving week resulted in busier stores and ringing cash……...