Moody's: US apparel and footwear companies remain challenged by strong dollar, weak retail traffic
New York, March 07, 2017-- After a very challenging 2016, US apparel and footwear industry operating profits are poised to improve over the next 12-18 months, but growth will be more sluggish than originally anticipated, Moody's Investors Service says in a new report. Most clothing and footwear companies are still feeling the pressure from a strong dollar and weak retail traffic, factors that will result in a soft first-half of 2017, when the majority of growth will be powered by...
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