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U.S. apparel retailers face international competition.(knowitall)(Brief article)


With more affordable and rapidly turning inventories, foreign-based retailers are giving American-based retailers greater challenges than ever. Already suffering from same-store sales declines of 1.8 percent during 2007, according to the International Council of Shopping Centers (ICSC), U.S. apparel retailers are also facing maturing store concepts and potential cannibalization.

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In particular, too many American apparel retailers have offered the same type of jeans and t-shirt combinations. International apparel retailers like H & M from Sweden, and Zara, based in Spain, have established strong footholds in the United States with their ever-changing inventories and lower prices. Other overseas retailers are now looking to achieve the same success in the U.S. market.

A bright spot in the U.S. retail apparel market includes the Los Angeles-based chain, Forever 21, which is looking for new expansion opportunities with larger stores ranging from 25,000 to 50,000 square feet.

COPYRIGHT 2008 National Association of Realtors Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.

Copyright 2008 Gale, Cengage Learning. All rights reserved. Gale Group is a Thomson Corporation Company.

NOTE: All illustrations and photos have been removed from this article.


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