By Kristi Ellis
Julia Hughes, president at the U.S. Fashion Industry Association, also pointed to the uncertainty of a Trump presidency.
“One of the most interesting things about the 2016 elections is that basically there is no traditional Republican in the race,” Hughes said.
She said many in the fashion industry have supported past GOP candidates because they represent a party that is trade and business-friendly.
“But obviously what we are seeing for brands and retailers in this campaign is that no one is supporting trade,” Hughes said. “Trump absolutely has been contradictory in many of his messages, so uncertainty both at the business level and I think at a personal level undoubtedly is reflected in campaign contributions.”
She said upheaval in politics is bad for consumer confidence.