SUBSCRIBERS
US retailers feel the heat of lost winter-clothing sales
Published Wed, Dec 16, 2015 · 09:50 PM
New York
HIGH above Herald Square in New York, where pedestrians were milling about in light coats and jackets, Stuart Greenberg, a seller of luxury furs, fondly recalled chilly Decembers past.
"For the first 10 years of our business, we never even paid attention to the weather. It always just got cold," said Mr Greenberg. But sales at his Corniche Furs wholesale business have slumped 30 per cent this month.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Shein steps up London IPO preparations amid US hurdles to listing, sources say
US bill to restrict WuXi AppTec, Chinese biotechs revised to give more time to cut ties
New weight-loss, diabetes drugs reach one in eight Americans
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Cordlife says private placement is to address urgent cash needs
Cordlife substantial shareholders lay out separate plans to address issues after AGM