As fashion businesses and consumers wait to see how the United States’ central bank navigates 2024, 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?
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?
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.
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.