XM
Xavier MacDuff
@xvrmdf.bsky.social
216 followers80 following510 posts
I think there is a sector wide as well as a stock specific element here. Plenty of US apparel firms increased production, inventory, marketing on the assumption that the post-COVID goods consumption boom would continue. And now retrenchment is needed. See also: VF Corp (Vans, North Face, Timberland)
XM
Xavier MacDuff
@xvrmdf.bsky.social
216 followers80 following510 posts