Inaz Ameera

Economic Watch Recession Ruins Strategic Responses for Apparel Retailers in a Fluctuating Economy 27 November 2023 2

Back to Basics: What Does it Mean for the Apparel Industry?

Having always been a dynamic and ever-evolving sector, apparel business owners will need to adapt with changing consumer preferences, technological advancements, and economic fluctuations. It is extremely crucial for brands to stay ahead of the curve and adapt to the shifting market landscape. Recent data has shown that the industry has witnessed a growing trend …

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Economic Watch Recession Ruins Strategic Responses for Apparel Retailers in a Fluctuating Economy 27 November 2023

Economic Watch: Recession Ruins! Strategic Responses for Apparel Retailers in a Fluctuating Economy – 27 November 2023

Key Points Unemployment rate at an all-time high, which is directly proportional to consumer spending behaviour Signs of economic apocalypse: Rise in non-mortgage interest, and more deliquencies Foot traffic in physical stores are decreasing, what is going on? Luxury goods are not selling as much as before In the current economic environment marked by uncertainty …

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