Kitmeout Fashion Forum - View Single Post

insomniax · 03-04-2008, 05:28 AM

apparently american fashion retailers can't afford to import european fashion because of the weak dollar, so americans who want italian, british, french etc. fashion are finding it very difficult:

American retailers are cutting back on their European buys and dropping labels due to the weak dollar. U.S. retailers are feeling the economic pinch and are well aware the situation could yet worsen. With a downturn in manufacturing and signs of increasing inflation in retailers are keeping a close eye on Wall Street to try to gauge where prices might be headed. While major department store chains can slightly offset the impact of the weakening dollar via currency hedging, smaller independents don't have such financial muscle.

true or not?

03-04-2008, 05:28 AM	#1 (permalink)
insomniax Join Date: Aug 2005 Location: Essex Posts: 1,228	american fashion retailers apparently american fashion retailers can't afford to import european fashion because of the weak dollar, so americans who want italian, british, french etc. fashion are finding it very difficult: American retailers are cutting back on their European buys and dropping labels due to the weak dollar. U.S. retailers are feeling the economic pinch and are well aware the situation could yet worsen. With a downturn in manufacturing and signs of increasing inflation in retailers are keeping a close eye on Wall Street to try to gauge where prices might be headed. While major department store chains can slightly offset the impact of the weakening dollar via currency hedging, smaller independents don't have such financial muscle. true or not?