As baseball legend Yogi Berra—all-time king of unintentional wisdom—once put it: “The future ain’t what it used to be.” Which means that when it comes to the economy the only certainty financial experts see in the future is uncertainty. So get loose and limber because agile will be the key skill to have between now and the end of the year.
For this edition of our recurring Industry Focus: Finance feature, we asked leading figures who cater to the apparel industry a simple question:
Given the state of the economy, what do you recommend your apparel clients do between now and the end of 2022?
Their prognostications are for challenging times but hardly dire, making it a perfect opportunity to get lean and mean, fit and agile. Heed their advice, as these answers will help you navigate the key fall and holiday shopping seasons.
Darrin Beer
Western Regional Manager
CIT Commercial Services
Last year most of our clients experienced strong demand for their product as consumers had disposable income and were eager to spend. Discretionary items such as apparel were in high demand both by consumers and retailers while apparel companies navigated through supply-chain constraints.
Throughout most of 2021, retailers took in product despite certain deliveries being late, as retailers needed goods on the floor to meet demand. This year purchases of apparel and other…
