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Holiday Outlook – Apparel & Footwear Retail

Zachary Warring, Equity Analyst
04 December 2023

American consumers have shown remarkable resilience in 2023 despite the challenges posed by the pandemic. However, the excess savings accumulated during the pandemic have now been spent, leading to a rise in credit card debt. Additionally, student loan repayments have resumed, and interest rates are rising. As we head into the holiday season, what can we expect from apparel and footwear retailers facing many headwinds and a deceleration in revenue growth? During this recording, CFRA Equity Analyst Zachary Warring elaborates on the challenges and opportunities in the Apparel and Footwear Retail industry. He also provides insights into consumer pressures and their impact on retail sales.

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