Moody’s revises US apparel industry profit growth to 3-5%

Most US 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 Nike, Inc, the report says.”Our forecast for US apparel and footwear makers’ operating profits this year for the most part reflects easy comparisons with a difficult 2016,” said …

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