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Sales growth rate slowing down for clothing and apparel
Raleigh, N.C., May 5, 2014— According to a report released today by financial information company Sageworks, the performance of privately held clothing stores is a bit of a mixed bag. The rate of sales growth is slowing down significantly in the most recent period, which is concerning. Year-over-year change in sales, expressed as a percentage, was less than 5 percent on average for companies filing statements in 2013. This is the lowest rate of sales growth since the recession.
On a positive note, profit margins and cash conversion cycle ratios look to be relatively healthy for clothing stores. However, if the rate of growth continues to slide in 2014, these ratios could be negatively impacted. The full report can be accessed here.