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Retail trends: Denim is hot, ‘bro tanks’ are not

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Could shoppers finally give apparel retailers the break they so desperately need?

There’s no denying that it’s been a rough slog for the clothing industry as consumers increasingly shift their spending from things to experiences, opt for lower-price fashions and refuse to purchase an item if it isn’t on sale.

On Thursday, Thomson Reuters’ preliminary analysis found that although same-store sales ticked slightly higher in July, apparel retailers posted an 0.5 percent decline, while teen apparel retailers saw a nearly 8 percent drop.

Compounding the issue are early forecasts that back-to-school shoppers intend to spend less on the occasion this year, including the National Retail Federation’s prediction that parents of K-12 students will spend on average $217.82 on clothing and accessories. That represents a decline of 6 percent. …

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CNBC  8/6/2015

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