The Fashion & Apparel industry is a consumer-driven industry and the recent economic turmoil and marketplace forces have created a challenging environment. The economic crisis is accelerating consumer trends and creating a greater urgency for retailers to address new marketplace realities.
Retailers will be increasingly constrained in their ability to grow and maintain profit margins as a result of high operating expenses, market saturation, the rise of multichannel buying, an aging population, less affluent buyers, diminished consumer loyalty and the rise of digital media to influence purchase decisions.
In order to remain competitive in today's changing world and ensure future success, retailers and manufacturers in the Fashion & Apparel industry will need to ensure they remain focused on the long-term horizon and find innovative solutions to create value, fiercely reduce operating costs and mitigate risks throughout the entire enterprise.
Fashion & Apparel industry issues:
- Revenue growth & margin improvement
- Cost management
- Reporting, risk, compliance, and control
- How can WDC & Associates help:
For fashion and apparel companies throughout the US, we offer a strong and reliable network of dedicated industry professionals. Our mission is to help our clients extract value from their statewide and national operations, to develop a competitive advantage across the value chain, and to ensure that all business owner's expectations are recognized and met.