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Industry Focus: Finance—How Can Factoring Services Aid Apparel-Business Recovery?

Finance

Entering 2021, the apparel industry can see a bit of hope as businesses look toward maintenance and recovery from a tumultuous year. As apparel businesses examine their next steps while outlining new financial plans, they often look for guidance from experts.

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

Finance

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.

Industry Focus: Finance: Entering 2020: A New Year for New Plans in the Apparel Industry

Finance

Following a great deal of uncertainty as the apparel industry approached the fourth quarter of 2019, businesses entered 2020 with cautious optimism. While the warnings of a recession had turned around, with forecasters revising their predictions for the new year and progress with trade deals including the finalization of the United States–Mexico–Canada Agreement, in addition to advancement toward an agreement with China, additional concerns remained.

How are brands investing in crucial digital tools and traditional methods to reach customers?

Finance

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.

How Apparel Companies Can Deal With a Slowing Economy

Finance

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.

How Tariffs on Chinese Products Are Affecting the Manufacturing and Retail Community

Import/Export

Now that the Trump administration’s $200 billion of additional tariffs have gone into effect on thousands of Chinese imports, the apparel and retail industries are figuring out what to do next. Covered in this round of tariffs are buttons, bobbins, yarns, embroidery, textiles, handbags and leather. Apparel is not part of the equation yet.

How Healthy Is the Retail Industry and What Lies Ahead?

Finance

We asked finance experts and factors to give us their take on the retail industry and how it is shaping up this year.

What’s in Store for the Factoring Business With Fewer Stores on the Retail Landscape?

Finance

The retail boneyard is piled high with store doors that closed last year, and many more may be on the way.

How the Factoring Industry Has Adapted to a Changing Retail World

Finance

As the retail industry has changed into a split personality of online and offline shopping, so too has the factoring industry that finances manufacturers’ production and sales to clients.

The Effect of Rising Interest Rates on the Apparel Business

Finance

For nearly a decade, interest rates have remained near zero, meaning it was very inexpensive for businesses to borrow money. But those sunny days may be over. Twice this year, the Federal Reserve has raised the prime rate, and it is expected to do so again later this year.

What Stumbling Blocks Are in Store This Year for Apparel Makers and Retailers?

Finance

The California Apparel News recently spoke with several finance-industry executives about what challenges and bumps in the road apparel manufacturers and retailers are facing this year now that the uncertainty of the presidential election is over, but another set of uncertainties have cropped up under a new administration.

How China is Playing Out in the Sourcing World

Finance

For many U.S. apparel manufacturers, China is no longer the sourcing paradise it used to be.

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