Blog: Apparel firms face new cash squeeze
Leonie Barrie | 16 July 2009
As if trying to contend with a downturn in consumer spending wasn’t enough, US apparel firms now have to face the very real prospect of their credit and cash flows drying up too – potentially leaving retailers with a shortage of merchandise during the crucial back-to-school and holiday seasons.
CIT Group, the largest factoring firm to the apparel sector, is preparing to file for bankruptcy after hopes of a government bailout came to an end.
And as well as sending shockwaves across the industry, the lender's demise could start a chain reaction that would see thousands of small and medium-sized companies forced to cut costs, lay people off or shut down.
Fresh from their disappointment at seeing the Trans-Pacific Partnership (TPP) free trade deal abandoned last month with an executive order by President Donald Trump, the US apparel and footwear sector...
With the ultimate aim of ensuring all the cotton in its products is sourced sustainably, value clothing retailer Primark is adamant that having a business model focused on offering the lowest prices o...
Last week we marked the inauguration of Donald Trump as the 45th president of the United States by taking a closer look at what's at stake for the textile and apparel trade – especially his promises t...
Continuing our look at what lies ahead for the apparel industry and its supply chain in 2017, the panel of industry experts consulted by just-style last week tackled likely shifts in the sourcing land...
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