Moody’s Upgrades US Apparel and Footwear Sector on Upbeat Earnings

Though still in a cycle of store closings, tariff fears and increased integration and materials costs, things seem to be looking up for the U.S. apparel and footwear industry. Moody’s Investors Service has upgraded its outlook for the U.S. apparel and footwear sector to positive from stable thanks to higher-than-expected earnings across the companies it…