3 notable trends in the retail apparel industry
Alida
FEBRUARY 23, 2018
Apparel companies are hanging by a thread as consumers spend less money on stocking their closets , preferring to express themselves through social media rather than by what they wear and favoring weekend getaways over new clothes. Apparel companies at both ends of the spectrum—big name brands to new wave upstarts—are folding as people buy less clothes. As noted by Bloomberg , apparel’s decline has been in progress for decades: four decades ago, clothing accounted 6.2%
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