While consumers continued to show renewed interest in apparel this quarter, executives at earnings calls said that inflationary pressures and inventory delays slowed growth.
Apparel revenue for many retailers and brands grew in the fourth quarter: year-over-year, sales at Macy’s, Tapestry, Nordstrom and Farfetch were up between 4% and 28%. However, two-year growth was middling: up only single digits at companies like Macy’s and down at Kohl’s and Nordstrom. For many, inflation and inventory delays slowed sales. Still, many retailers found ways to overcome these issues and position apparel inventory for fourth-quarter growth. To get a better sense of apparel retailers’ strategies this quarter, Modern Retail rounded up recent earnings call comments from apparel retaile