Ever since the global economic recession began in second half of last year, many retailers like Steeve and Barry's along with Mervyns have faced a financial blow. Pacific Sunwear, Lane Bryant, Fashion Bug and Catherines closed over 150 under-performing outlets. Foot Locker wound up 140 stores and Ann Taylor closed nearly 120 outlets. Others like Eddie Bauer, Cache, Talbots, J Jill, Gap Inc, Goodbye Levitz, Home Depot, Macy's, Pep Boys, JC Penney, Lowe and Office Depot as well scaled down operations due to falling sales.
Apparel Export Promotion Council
marketing@alchempro.com
