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Article: Garment area jobs stripped; White-collar rents hurt manufacturers and wholesalers.
- Article from:
- Crain's New York Business
- Article date:
- March 26, 2001
- Author:
CopyrightCOPYRIGHT 2001 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Up until a couple of years ago, Robert H. Moskow made an excellent living in the apparel industry. He earned $200,000 a year selling linings and connective pieces to garment manufacturers, mainly in New York City. These days, the vice president of merchandising for Manhattan-based BTC II Ltd. makes do on far less. He expects his annual earnings to be down 70% from those glory days, to about $60,000, and he wants out of the industry that has employed him for 35 years. ``There used to be a lot more people talking on the street and making deals,'' Mr. Moskow says, gesturing up and down Seventh Avenue in the heart of the garment center. ``It's a changed business.'' ...
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