Fashion and retail industry’s nightmare

fashion industry 2019

Victoria's Secret owner L Brands (LB) was the fourth worst stock, falling 59%. Victoria's Secret CEO Jan Singer resigned in November amid a sales slump and competition from young companies challenging the brand's grip on the lingerie industry. Victoria's Secret has been struggling to keep up with changing consumer tastes. Flashy

US Fashion Taxing time

Fashion taxing time - DNMAG

Trump administration's new tax laws Taxing times. Now that the Trump administration's new tax laws are in effect, many US taxpayers are receiving smaller than anticipated refunds this year or owing the federal government for the first time. This change has analysts and retailers worried and is already forcing some US stores