Warm winters mean investors’ cold shoulder for coat makers

Jed Kim Dec 2, 2016
HTML EMBED:
COPY
Pedestrians walk along wet and slushy streets in Manhattan as warmer temperatures melt snow on January 27, 2016 in New York City. Spencer Platt/Getty Images

Warm winters mean investors’ cold shoulder for coat makers

Jed Kim Dec 2, 2016
Pedestrians walk along wet and slushy streets in Manhattan as warmer temperatures melt snow on January 27, 2016 in New York City. Spencer Platt/Getty Images
HTML EMBED:
COPY

It’s December, and if you’re heading out to do some shopping right now, you’ll notice a few things. One, there will definitely be annoying holiday music playing. Two, pretty good deals on coats, if you can find them. Three, for a lot of the country, it doesn’t feel like December weather-wise. Warmer winters are shrinking the market for winter clothing — and for the shares of companies that make it.

Click the above audio player to hear the full story.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.  

Need some Econ 101?

Our new Marketplace Crash Course is here to help. Sign-up for free, learn at your own pace.