The apparel industry will be one of the worst affected sectors due to the financial crisis in the United States, said Managing Director, Mas Intimates and Group Director, Dian Gomes.
Shares of teen apparel retailers traded lower on Friday along with the broader market, as some analysts reduced earnings estimates following weak September same-store sales reports.
Dismal September sales results from mall-based apparel chains, released Thursday, offered more fresh evidence that American consumers, spooked by the financial meltdown, shut their wallets tight last month.
Dismal September sales results from mall-based apparel chains, released Thursday, offered more fresh evidence that American consumers, spooked by the financial meltdown, shut their wallets tight last month. The reports fueled more worries about the holiday...
NEW YORK - Dismal September sales results from mall-based apparel chains, released yesterday, offered more fresh evidence that American consumers, spooked by the financial meltdown, shut their wallets tight last month.
