California Apparel News spoke with Partner Ron Friedman about the state of the retail industry.
California Apparel News
By Deborah Belgum
Even though more people have jobs, wages are rising and gas prices are low, retailers have struggled this year to keep sales churning. Several big chains including Pacific Sunwear, Sports Authority, Sport Chalet and Aéropostale have filed for bankruptcy protection.
The decline is more acute for those manufacturers selling the big-box retailers, more so than those selling to the higher-end retailers. The challenge to survive these trying times will be to control inventory levels and lower operating costs.