Challenges in Apparel/Home Retailing

With the economy the way that it is right now, many people are just buying the minimum and essential items they need to get by. This can cause problems for many businesses, especially with the Apparel and home fashion retailing jobs. Since our economy is in a time of recession, financial issues are at an all time high. This is why people are cutting back on spending for their leisure items such as Apparel and fashion, and even making sure that their home is furnished with the newest trend. This time of the year is supposed to be the most profitable and busiest time for home retailing with the holidays coming up,but with people struggling to even pay their taxes and mortgages, the Real Estate in itself is even having problems. This means that if people are not buying houses, they sure are not buying accessories for them.

I have noticed just by doing my usual window shopping, seeing as I can't afford many luxury items right now, that clothing stores are having to do major mark downs and sales on items that would normally be sold for much higher. It has had a major effect on both designer items, because many people can't just go out and spend a few hundred dollars on a single item these days, but also for the less expensive items because people are more worried about just filling up their gas tank. I think that if we just give it a little bit of time, our economic recession will be over and no one will even think twice about buying that next pair of shoes or buying a new couch for their living room because everything in life has its ups and downs.