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Hope Floats Amid Economic Uncertainty During 2024 2nd Half

Industry Focus: Finance

California Apparel News asked financial leaders in the apparel business: What successful strategies did you recommend for the challenges faced in the first half of 2024, and how should apparel-industry professionals approach the second half of the year?

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Fashion Seeks Financial Relief From the Fed in 2024

Industry Focus: Finance

California Apparel News asked industry leaders: When thinking about the potential for the Federal Reserve to cut rates in 2024, thereby moving inflation closer to the agency’s 2 percent goal, what does this mean for the fashion industry?

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Taking Eco Transparency Into Account When Considering Financing

Industry Focus: Finance

Ecological and ethical influences have reached every area of fashion and apparel. Abiding by greener apparel guidelines requires brands to remain transparent by revealing each step...

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As Manufacturers, Retailers, Consumers Enter With Caution, What Will 2023 Bring?

Industry Focus: Finance

With lackluster holiday 2022 sales signaling a slowdown in consumer spending on goods, what new challenges can the apparel industry expect, and how can businesses in this sector navigate the resulting economic hurdles?

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Industry Focus: Finance - Financial Experts Weigh In on the Economy and Next Steps

Industry Focus: Finance

For this edition of our recurring Industry Focus: Finance feature, we asked leading figures who cater to the apparel industry a simple question:

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Industry Focus: Finance—As the world navigates through the COVID-19 pandemic’s new variants, what advice would you offer to apparel professionals?

Industry Focus: Finance

While a new year has begun, many challenges that were experienced during 2021 remain. The COVID-19 pandemic continues to impact the world as new variants of the virus develop.

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Industry Focus: Finance—As we head into the holiday season, what types of investments should apparel companies be making to fortify their businesses and ensure success for 2022?

Finance

As 2021 winds down, the apparel segment has been enjoying an uptick in business from different corners of the industry. The last few months have seen some of the largest trade shows in the industry return to on-site events. With consumers shopping and willing to spend, retailers are enjoying the benefits of the apparel investments their customers are making as they return to offices, college campuses, in-school classes and semi-normal life.

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Industry Focus: Finance--Where Should Fashion Businesses Focus for Smart Economic Recovery?

Industry Focus: Finance

With the world turning over a new, progressive leaf following the COVID-19 pandemic, optimism seems to be on the trend calendar for 2021. As vaccines are distributed to more people, extreme measures of caution are beginning to dissipate as the general public exhibits an increased feeling of safety.

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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--How the Apparel Industry Can Hold On for the Holidays

Finance

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.

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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—How would you advise your apparel-industry clients to prepare for a potential recession?

Finance

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.

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 to Tackle the China Trade-War Challenges

Finance

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.

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.

The Tariff Scare Keeps Apparel and Textile Companies Hopping

Import/Export

President Trump launched a trade war in March by imposing a 10 percent tariff on aluminum and a 25 percent tariff on steel coming from countries around the world.

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.

How Are Finance People Handling the Weak Retail Market and Have They Adjusted Their Financing Rules for Clothing Manufacturers?

Finance

As retailers start shrinking their footprints around the country, apparel manufacturers are wondering how to cope with this constricting retail landscape.

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.

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