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CIT TRADE FINANCE: Middle-market retailers cautiously optimistic for holiday.
Details on Industry Insight.
Eric Wiseman, CEO of VF Corp., which owns Vans and Reef, said the retail industry should expect more store closings, bankruptcies and consolidations in 2009.
However, he was mum about his own company, which also owns other brands such as North Face and Wrangler. "Don't ask me about our clients," he told an audience at ICR XChange this morning.
He offered some insights into what VF is seeing with its consumers, who he says have changed dramatically in the past year:
On its business mix and the current environment:
Two notes related to the economy:
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