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FORECASTS & ANALYSIS

Consumer Sentiment More Optimistic, Recent Surveys Report

By Andrew Asch | October 8, 2020

Confidence in the U.S. economy is growing, according to a couple of recently released surveys.

After Digital Debut, Afterpay to Take Payments Services In-Store

After Digital Debut, Afterpay to Take Payments Services In-Store

Afterpay got its start by offering layaway-style payment plans to Millennials when they were shopping for fashions and goods online. Recently, the payments company, announced that it had made a deal with the mall company Simon to take the service to bricks-and-mortar shops.

Toubassy to Help Spearhead Spotlight Brands

Toubassy to Help Spearhead Spotlight Brands

Ramez Toubassy, a Los Angeles–based executive who helped guide the retailer Wet Seal’s transition into a digitally focused fashion company, announced a new venture recently.

Industry Focus: Finance--How the Apparel Industry Can Hold On for the Holidays

Industry Focus: Finance--How the Apparel Industry Can Hold On for the Holidays

As business restrictions stemming from COVID-19 continue to ease across the United States and unemployment has fallen into the single digits at 8.4 percent, yet employment remains at 11.5 million jobs below February’s figures, and the gross domestic product in the country also decreased at an annual rate of 31.7 percent during the second quarter.

With the Power of One P.O., Everything Can Change for Black-Owned Apparel Businesses

With the Power of One P.O., Everything Can Change for Black-Owned Apparel Businesses

One major deal can change everything for a small company, yet it can be more crucial for determining the success of Black-owned businesses and those led by members of underrepresented groups, said Dawaud Muhammad. As the co-owner of a Black-owned printing-and-embroidery company, Muhammad leads Big Printing Textile Co., LLC, which is located in the San Francisco Bay Area town of San Leandro, Calif.

INDUSTRY FOCUS: FINANCE, In the Midst of COVID-19, U.S. Businesses Take It  One Day at a Time

INDUSTRY FOCUS: FINANCE, In the Midst of COVID-19, U.S. Businesses Take It One Day at a Time

At the beginning of July, the United States Bureau of Labor Statistics reported that June unemployment in the country fell to 11.1 percent from 13.3 percent in May, with employment in sectors including retail rising to 4.8 million following businesses reopening in many parts of the country. Recently, local governments in certain areas that have seen rising COVID-19 cases are rolling back their reopening plans, with businesses that serve particular sectors being forced to close again.

Businesses Navigate PPP Loans and Other Disaster Relief Sources

Businesses Navigate PPP Loans and Other Disaster Relief Sources

The U.S. Small Business Administration’s Payment Protection Program distributed billions of dollars in loans in the past months to companies with less than 500 employees that were hurt by the COVID-19 economic shutdown. According to Tom Waldman, a shareholder in the law firm of Stradling Yocca Carlson & Rauth, opportunities remain to get SBA loans.

President Signs COVID-19 Relief Bill, Fed Expands Main Street Program

President Signs COVID-19 Relief Bill, Fed Expands Main Street Program

President Donald Trump signed a $484 billion COVID-19 relief package into law on April 24.

True Religion Files for Bankruptcy

After emerging from Chapter 11 bankruptcy in 2017, Los Angeles denim brand True Religion filed again this week.

Unemployment Rises and Sales Fall as COVID-19 Takes Hold

Unemployment Rises and Sales Fall as COVID-19 Takes Hold

Continued debilitating business obstacles due to the COVID-19 pandemic have grown as the economy enters the second quarter of 2020 with employment and sales figures in the apparel industry decreasing.

Businesses Look to Government Lifelines in Order to Survive

Businesses Look to Government Lifelines in Order to Survive

Like thousands of other businesses, Pocket Square Clothing, a maker of suiting accessories and bespoke clothing, had to furlough its staff because of the COVID-19 crisis.

Fashion Lays Off Hundreds as Unemployment Skyrockets, EDD Said

Fashion Lays Off Hundreds as Unemployment Skyrockets, EDD Said

Unemployment has skyrocketed since the economic freeze bought by the COVID-19 pandemic, it has reached rates that the California Employment Development Department has called historic.

President Signs $2 Trillion COVID-19 Stimulus Package

President Donald Trump signed into law a $2 trillion stimulus bill on March 27 in response to the impact of COVID-19.

House Approves $2 Trillion COVID-19 Stimulus Package

The United States House of Representatives approved a $2 trillion stimulus bill on March 27 as a response to the impact of COVID-19.

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