Comments on the Article blog are now OFF! If you wish to leave feedback or your opinion of an article individual threads will be created in the Dobizo Community for further discussion. Go to discussion by Clicking Here Now

As I’m sure all of you have heard about the decreasing value of the American dollar currency. In the last year the US dollar has lost 10% of its then current value when compared to the Euro.

Many apparel businesses, retailers and buyers that trade and buy from other countries are feeling the woes of the weak American dollar mainly when compared to the much stronger Euro dollar WWD reports.

The purchasing power of many US apparel businesses are decreasing due to the scale at which the currency exchanges. Many are concerned at how this will affect global apparel business if the US currency continues its downward motion.

What does this mean for US retailers lost opportunities to expand and develop in other country’s markets, because of the differences in currency between the US and other countries currency. Many are having to adjust their percentage points for 2008 to partially cover the exchange rate.

Serious about starting a clothing line? If so subscribe to our free newsletter for exclusive articles/updates that you don't want to miss! or Our RSS Feed

Continue This Discussion In Dobizo Forum

Popularity: 2% [?]

Want To Learn How To Start A Clothing Line From a proven fashion industry professional? If so Click Here to take a listen 100% Free to how you can succeed in the fashion industry from Ceo's of million dollar apparel industry businesses.