By Kristi Ellis
“China is losing share. That has been predicted for a while,” said Julia K. Hughes, president at the U.S. Fashion Industry Association. “There are issues related to rising costs and doing business in China, as well as the fact that if companies are limiting their inventories, that likely hits the largest supplier harder than it hits anybody else.”
Hughes said the import data showing most of the top 10 suppliers down is a reflection of companies trying to keep their inventories low to avoid being caught with too much merchandise after the holidays.
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