Word: appareled
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Perhaps not. But the industry's quick recovery masks some underlying troubles. The garment trade, which shipped $19.5 billion worth of women's and children's apparel last year, has never been weaker. Since 1973, at least 600,000 jobs have disappeared, leaving fewer than 1.9 million. Low-wage producers in the Far East and Latin America are gobbling up American markets like a Pac-Man run amuck. Hardest hit among U.S. manufacturers is Manhattan's Seventh Avenue, which has the largest share of domestic apparel sales. It is beset by relatively high labor costs, exorbitant...
...challenged by a host of new American fashion centers. Other big cities, many in the Sunbelt, have set up markets that are siphoning off a growing share of sales. So while New York was still coping with the aftereffects of the blackout last week, Atlanta was celebrating. The Atlanta Apparel Mart is the first stop after New York on the August fashion tour for many women's wear manufacturers, and customers were placing orders in Atlanta that they could not make in New York. Said Bob Edelstein, regional sales director for Crazy Horse, a sportswear maker: "Many buyers...
Even in sluggish 1982, the value of foreign-made apparel increased almost 10% and totaled $7.1 billion. Longtime suppliers like Taiwan, Hong Kong and Korea are being joined by new ones like Sri Lanka, Malaysia and parts of the Caribbean and Mexico. Since all these countries have access to the same machines and patterns in this low-tech business, their cheaper wages allow them to drive down costs. The typical garment worker in China makes 16? an hour; in Taiwan 57?, and in Hong Kong slightly more than $1. President Sol Chaikin of the International Ladies Garment Workers Union contends...
Pointless mixing of dissimilar firms now seems finished at Gulf & Western. Says Shearson/American Express Analyst Scott Merlis: "Few of their businesses were related to their other businesses." Instead, the company now seems determined to focus sharply on a few areas: consumer products (apparel, Kayser-Roth; home furnishings, Simmons), entertainment (Paramount) and financial services (Associates Corp...
...clothing for more than 60 years and a forecast covering home furnishings and appliances for nearly 30 years. About 700 companies, ranging from textile houses to car manufacturers to bathroom-fixture makers, receive each year the color forecast cards. Membership annually: $320. According to the current women's apparel color selectors, all of them from fashion and textile firms, stores will be stocked 18 to 24 months from now with clothing in mint green, lemon yellow, orange-red and many shades of blue. Says Art Historian Margaret Walch, associate director of CAUS: "The palette is bright, pretty, feminine...