Home › Outlook for U.S. apparel and footwear industry is weaker as dollar strength dents earnings: Moody's
 

Keywords :   


Outlook for U.S. apparel and footwear industry is weaker as dollar strength dents earnings: Moody's

2015-10-05 16:58:09| Footwear - Topix.net

The outlook for the U.S. apparel and footwear industry has deteriorated thanks to the strong dollar, which is denting earnings and sales, Moody's Investors Service said Monday. "While the hedges taken this year will partially protect margins, the strong US dollar will continue to have negative foreign currency translation effects on the industry's gross profits for the rest of this year," Scott Tuhy, a Moody's senior credit officer said in a statement.

Tags: industry apparel strength dollar

Category:Consumer Goods and Services

Latest from this category

All news
23.11'Trust and reserve judgement' on rebrand, says Jaguar
23.11UK wants to hire EU negotiator to 'reset' relations
23.11Sisters build global beauty brand from a garage
23.11Versace bag for 15: Why Christmas shoppers are choosing charity shops
23.11'We are being robbed': Homeowners feel trapped by rising fees
22.11'Scammers sent courier to steal 4,000'
22.11Spain fines budget airlines including Ryanair 179m
22.11Formulating Biphasic and Triphasic Products
Consumer Goods and Services »
24.11 Beautiful World CD
24.11VIII
24.11PLUS MADHOUSE( ) 2
24.11KATO 10-1537 415
24.11125f-slim
24.11
24.11olend ona soft bag
24.1110ONKYO
More »