Clothing and textile factoring is one of the oldest forms of invoice factoring. Fashion and apparel covers a huge variety of garments, leather and accessories and uses almost every type of textile manufactured. Trends in the fashion and apparel industry include consolidation of apparel retailers, increased use of e-commerce by consumers, improved technology in the garment manufacturing industry, and importing from cheap labor producing countries such as China, Vietnam, India and Indonesia.
Apparel factoring companies are familiar with the fast changing and competitive fashion industry. Apparel industry risk is higher than most industries. Apparel factoring companies are familiar with industry practices such as price markdowns, consignment agreements, and advertising promotions.
- Men's Suits
- Formal Wear