When it comes to the money side of the fashion apparel industry, seeking financial services can be daunting for brands and retailers who may be considering everything from factoring and letters of credit to supply chain financing and corporate credit cards.
With its headquarters in Manhattan, IDB Bank is located at what Baum calls “the pulse” of the fashion industry, delivering on the wants and needs of apparel companies today. Even despite the complexities and speed of change facilitated by the retail and apparel industry, “HSBC has been supporting the Apparel industry for 50-plus years, and has recognized that our clients need us in times of transition and disruption,” said Eric Fisch, national sector head of retail and apparel, corporate banking at HSBC Bank USA, North America.
U.S. Bank operates a dedicated national retail and apparel group to further leverage the industry and market knowledge its clients need. Specific solutions aligned with the needs of retailers include treasury management, corporate travel and fleet cards, merchant processing and freight payment.
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