The rollicking situation with the U.S. government and the subsequent economic uncertainties are giving specialty stores some angst about their prospects in 2019.
With that as the backdrop, retailers were cautious as they shopped the trade shows in New York City last month. They scoured the aisles of Project, Liberty Fairs and Man searching for those special items that would draw customers into their stores. And luckily, they were able to find some things that fit the bill — updated knitwear, outerwear and accessories in particular — from some off-the-radar vendors with a creative bent.
“The fourth quarter overall was good, but the last two weeks of the year with the government shutdown and the market tanking took some steam out of our results,” said Ken Giddon, president of Rothmans.
Although he remains positive, Giddon said he’s expecting a “fight” to hit last year’s numbers, especially as traditional tailored clothing sales continue to drop. “There are a lot fewer suits being bought so we have to find dollars to make up for that,” he said.
And so Giddon, who admits that he loves “the hunt” at trade shows, pored through the hundreds of brands on display to find those replacement dollars. The good news,
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