Thursday, July 25, 2019

Apparel Retailers Try Lending Clothes to Draw In Shoppers

While the apparel sector overall has taken a hit in the past few years, some retailers aren’t taking it lying down and fighting back with new strategies.

It’s been rough sailing for retailers like Gap Inc., Canada Goose, Abercrombie & Fitch, American Eagle, Foot Locker, J. Crew and others that are reporting poor sales. Victoria’s Secret and Charlotte Russe are among companies shuttering stores. Dressbarn is closing all 650 locations. In fact, when looked at as a group, apparel retail earnings fell 24 percent in the first quarter of 2019. Up until now, the group had been growing earnings since the third quarter of 2017.. . . more