February 13, 2014
Mitch Cohen, Western Regional Manager, CIT Commercial Services
Stories this photo appears in:
With more apparel companies looking to export overseas to boost revenues, how difficult is it to get factor financing on these overseas accounts, and what things should apparel labels be aware of when exporting?
With interest rates still hovering in single-digit territory, the cost of borrowing money should be cheap, cheap, cheap. But it’s more than low interest rates that determine how much apparel manufacturers pay for a loan.
These are tough times for traditional retailers. Many big store chains and specialty stores are finding their business is being swept away by websites that make it easier for people to shop any time of the day or night without even moving from the couch.
Financial experts weigh in on how apparel manufacturers will fare in 2014 and what challenges to expect in the months ahead.