By Andrew Asch | September 26, 2019
The U.S. and California economies are slowing down, according to the UCLA Anderson Forecast titled “The Year of Living Dangerously,” which was released Sept. 26, but the slowdown has bright points that other economies would envy.
Industry Focus: Finance—How would you advise your apparel-industry clients to prepare for a potential recession?
Around the globe, trusted economic forecasters are predicting a slowdown over the next year, yet there is disparity regarding whether they feel a recession will occur. As previous spans of negative economic growth have shown, the most effective method of navigating through recessionary periods is to prepare in advance, expecting the worst while hoping for the best.
During the struggle to secure a dwindling sense of brand loyalty among Millennial and Generation Z consumers, brands must devise a comprehensive strategy to tell their stories.
The U.S. economy got some mixed news this week. First-time unemployment claims rose this week, according to the U.S. Department of Labor. But median weekly earnings of full-time, salaried workers also increased, according to a statement from the U.S. Bureau of Labor Statistics.
With the United States entering into a historic economic expansion period, tariffs and the threat of more tariffs on Chinese imports could be the bump in the road to financial good times.
Luxury reseller The RealReal filed documents with the Securities and Exchange Commission to prepare for an initial public offering.
As the economists putting out the UCLA Anderson Forecast were writing their quarterly report released on June 5, the Trump administration had not yet announced its 5 percent tariff on all Mexican goods being imported into the country.
Revolve, the online retailer planning to go public soon with an IPO, said in recent filings with the Securities and Exchange Commission that its revenues in 2018 were $498.7 million, up from nearly $400 million the previous year.
The U.S. economy is expected to cruise along at a moderate speed this year after whizzing past the speed limit last year.
The formula for doing business is slowly changing this year. While interest rates were rising at a steady pace last year, it’s a different story this year. The Federal Reserve hasn’t raised benchmark interest rates in 2019 and may even lower them, which is good news for apparel manufacturers and retailers.
Following the initial public offering price of $17 per share, San Francisco’s Levi Strauss & Co. closed at $22.41 per share on March 21, up $5.41, a 31.82 percent increase.
Slower economy sees slower housing starts this year and next.
Economy will slow down but will be on a positive path over the next two years.
In the past year, it has become increasingly more challenging to be an apparel manufacturer, importer or retailer in the United States as uncertainty surrounds trade with China.
If you had to describe what the economic outlook was for 2019, you might be inclined to liken it to the Charles Dickens novel “A Tale of Two Cities.”