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...

CES - Off to a Good Start

Apparently, the Consumer Electronics Show is off to a good start. The show opened today.

What does this have to do with purchase order financing? More than you think. Many purchase order financing companies focus on wholesalers that sell products to big box retailers. Many of these wholesalers focus on selling electronics. And there is where the connection lies.

The "vibe" at CES is that things are getting better, and thus companies are investing more to show their wares. Hopefully, this will ultimately translate to sales and revenues.

As I have said in prior posts, we are now starting to see glimmers of good news. Hopefully this momentum will eventually translate into a growing economy and more importantly - jobs.

In the mean time, like most purchase order funding companies, we are still going to focus on government suppliers.

Need a reminder of how purchase order financing works? Check out these purchase order financing resources.

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