Report title: U.S. Apparel Industry Outlook
from Moody's Global Credit Research
14 page (5598 word) report published May 07, 2009

Price $550.00 available for immediate download
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About Moody's Global Credit Research

...Our outlook for the U.S. apparel industry is negative. This outlook expresses our expectations for the fundamental credit conditions in the industry over the next 12 to 18 months. Retailers are scaling back inventory plans and marking down prices in response to weaker consumer demand amid the recession. This will pressure apparel-maker revenue and profit margins this year. Retailers' more-conservative inventory plans mean that the apparel industry's gross margins could improve in late 2009 over the prior-year period; however, lower sales and lost operating leverage mean operating margin expansion will be modest at best. Luxury retailers are showing the largest sales declines, debunking the theory that higher-end consumers would continue to spend in a troubled economy. Consumers are trading down to moderately priced goods and private- label designers, although these brands are still susceptible to inventory reductions by retailers. The global recession is hurting sales outside the U.S.,...

Report Type: Industry Outlook
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Price: $550.00



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