BusinessMarket DataTrade

China Continues to Lose Ground in U.S. Apparel Market

Total U.S. apparel imports fell by almost 2% to $6.2 billion in February compared to the same month last year, according to data released last week by the US Department of Commerce’s Office of Textiles and Apparel (OTEXA), bringing the year-to-date dollar volume to $13 billion, a 3.3% increase over the first two months of 2013. Total unit volume, measured on a square meter equivalent basis, increased 3.4%, driving up the average cost per SME down by 1.1%.

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BusinessMarket DataRetail

Retail Sales Edge Up 1% in February, Apparel Sales Fall

February retail sales recovered a bit from their January deep freeze despite continued frigid weather and relentless snowstorms in the first half of the month in much of the country. Sales at sporting goods and building supply stores, auto dealers and restaurants increased, but clothing stores had a relatively slow month, with the weather not yet nice enough to stimulate sales of spring clothing and winter styles pretty much out of stock. Once better weather arrives, apparel sales are expected to pick up due to pent-up demand and some improvement in the economy.

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