Reuters logo
in 5 months
BRIEF-Moody's says U.S. apparel and footwear companies remain challenged
March 7, 2017 / 3:47 PM / in 5 months

BRIEF-Moody's says U.S. apparel and footwear companies remain challenged

1 Min Read

March 7 (Reuters) - Moody's Investors Service:

* Moody's - US apparel and footwear companies remain challenged by strong dollar, weak retail traffic

* Moody's -U.S. Apparel, footwear industry operating profits poised to improve over next 12-18 months, but growth to be more sluggish than anticipated

* Moody's - US apparel and footwear companies also continue to face higher costs for labor, as well as for inputs such as cotton

* Moody's says it now forecasts U.S. Apparel and footwear industry operating profit growth to come in at 3%-5% this year, rather than 5%-7%

* Moody's- conditions for U.S. Apparel, footwear companies will remain challenging in first 6 months of this year, will begin to improve in second half Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below