Fundamental, Research

Holiday Outlook: Apparel & Footwear Retail

Zachary Warring, Equity Analyst
18 October 2023

Summary

We expect apparel and footwear retailers to continue to see revenue growth decelerate due to many headwinds as we move into the holiday season. The U.S. consumer has been resilient in 2023. However, excess savings built up during the pandemic has normalized, credit card debt is on the rise, student loan repayments have resumed, and interest rates continue to climb. We expect low- to middle-income consumers to feel the most pressure over the next three months and see continued promotional activity for most apparel and footwear retailers during the holiday season.


Want to learn more? Download the Report.

Solutions

Fundamental Equity Research
Gain a comprehensive view of global themes, industries, and companies.

Related Insights

EMEA Luxury Goods: A Play for Recessionary Times

EMEA Luxury Goods: A Play for Recessionary Times

EMEA luxury goods present opportunity in face of potential global recession...
Read more