By Kristi Ellis

...“I think we’ve had this downward trend that has been continuing since the second half of last year,” said Julia Hughes, president of the U.S. Association of Importers of Textiles and Apparel. “We are definitely seeing some retrenching, and we’re not quite ready for overall growth….A lot of companies are not ordering as much product as they did last year, due to costs, and people don’t want to hold inventory.”

Click here to read the entire article on the WWD website.