Menswear retailers are trying to be optimistic about sales this fall after strong Father's Day sales, but they have concerns.
"I want to be optimistic, but I'm very concerned about the psychological factor of the consumer," said Lou Amendola, chief merchandising officer of Brooks Brothers. "They don't feel any need to shop early; they will wait until the last minute."
While Father's Day sales turned out "okay" according to Amendola, they came in late on Friday, Saturday and Sunday. "And the consumer is not spending money unless there's some deal," he said. Story