Leading indicators… Marker

Jennifer Alsever writes about some quirky potentially new leading indicators, here…

“And almost no one is buying men’s suits. Sales fell 74% year over year between April and June this year, according to GlobalData Retail. It has crushed suit retailers: Brooks Brothers, which made the coat for President Lincoln’s second inauguration in 1865, filed for Chapter 11 bankruptcy last month, following the pandemic fallout. JCPenney and Neiman Marcus also filed for bankruptcy this year, and Tailored Brands recently followed. It owns Men’s Wearhouse, K&G, and JoS A. Bank, each of which saw sales fall between 40% to 78% in early June. (Meanwhile, sales of pajamas jumped 143% in March and April, according to Adobe Analytics.)

If we start dressing up again — or at least buying “hard pants” — we may be on the tail end of the coronavirus and the recession, too.”

There are more at the link…