Clothing Retailers Show Better Numbers

It's well know that the garment industry has always had a close relationship with factoring. However, in the recent years, it's developed a close relationship with the purchase order financing industry as well. This is because many clothing items are now imported - and po financing is a major import financing tool.

According to the WSJ, a number of clothing retailers are reporting some decent numbers. We'll need to see how these numbers hold up, but they seem to indicate things are getting better. I think we are going through a funky time (for lack of a better term) in this recovery. Things are starting to look good.... and people are still asking whether the growth is sustainable. We hope it is...