The US apparel manufacturing industry includes about 8,000 companies that have combined annual revenue of about $20 billion. The 50 largest companies like Levi Strauss and Phillips-Van Heusen generate less than 40 percent of revenue.
Power Moms mostly decide how and where to spend the estimated $21.35 billion on 2010 Back to School supplies. We are now amid the second largest shopping season for families. Survey says discount ads reign supreme.
U.S. clothing retailer J Crew Group Inc posted earnings outlooks for the third quarter and full year that were below expectations, citing "nervous" shoppers and promotions by competitors, and its shares tumbled 7 percent.