Popular TJMaxx rival stumbles as customer trends shift

“Over 98% of clothing sold in the U.S. is imported from abroad. U.S. fashion apparel companies are likely to be among the hardest hit by the tariff increase, particularly since Mexico and China are two of the leading apparel-sourcing destinations for the country,” according to the United States Fashion Industry Association .Even worse, Bank of America reports that wages only increased by 2% and 1%, respectively, for middle- and lower-income workers, trailing inflation, which was 3% in September, according t ...