In international trade, exchange rate swings can severely dent the profits of businesses like TailorMax, which deals in stock footwear, apparel, and home textiles. To stay afloat, mastering foreign exchange hedging is crucial. Here are three essential hedging strategies for safeguarding earnings.
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1. The importance of stock apparel to consumers
Buying clothing in stock has many benefits for consumers. First, closeout apparel usually has high quality and brand recognition. Consumers can buy expensive branded clothing at a preferential price and enjoy the same high-quality experience. Seco...
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