Tuesday, December 4, 2018

Clothing is back in fashion for the holidays

CNBC
One takeaway from this year's Black Friday and Cyber Monday shopping extravaganza is that there will be a lot more sweaters and coats under the tree this year.

Shoppers are turning up at stores such as Lululemon, Abercrombie & Fitch, Old Navy and Urban Outfitters this holiday season to buy clothing for themselves and for others. It's a stark contrast from the years that followed the Great Recession, when cash-strapped consumers stuck to their budgets and bought only necessities. For many people, for many years, that meant less clothing. But now, the apparel industry seems to be bouncing back.. . . more