The challenge in Apparel

The apparel in American is in danger because of the down turn in the economy. Just like housing market is in danger and the high job lost, people have no money to buy new clothes like they used to. Just recently I check the stock market for the apparel in America and it’s -17.40%. American also has to face another challenge in apparel because there are so many cloths made in China. The lower cost of labor in another country is causing the United States citizen to lose their job in apparel.
CNN Money.com had stated retailing had going down for four months in a row, and this has never happen before. Before we use to spend on what ever we can, but now everything have to be watch carefully. Gas price is going up, no job, live on payment to payment who will want to buy more in a time like this. People are thinking that they don’t need new cloth all the time, so that is why it causes a dramatic change to the stock market.
Even now gas price is going down, we are still not spending our money, I think we are worry and want to keep the money. The hope of Black Friday is yet coming soon, most apparel are waiting for this time to go up. You can also find things you never heard of and seen before. For example Channel is giving discount now, and high brand is marking they discount price. Layaway is also a new thing for this time of the year since market is going down. Apparel is hoping and waiting for the economy to go up so everything will be normal again.
http://money.cnn.com/?cnn=yes