Clothing is back in fashion for the holidays
CNBC reported that this year's Black Friday and Cyber Monday shopping extravaganza indicated that there will be a lot more sweaters and coats under the tree this year. Spending on apparel was up 5.4% over Black Friday weekend, the best growth since 2011, according to consulting firm Customer Growth Partners. Shoppers are turning up at specialty apparel chains such as Lululemon, Abercrombie & Fitch, Old Navy, and Urban Outfitters. But not all retailers will benefit from the trend with department store chains still struggling to keep inventories in check.