UBS analysts spoke to consumers and found out a lot of them are being cautious about their spending. As a result, they are looking to maybe pull back their spending on things like clothing and accessories. UBS U.S. Softline and Luxury Analyst Jay Sole, who conducted the research, says "all the softline companies are going to be impacted." "What we're seeing is a broad-based slowdown... across all demographic groups," Sole tells Yahoo Finance Live. However, Sole says given that there has been a bit of an inventory build-up and that he expects demand will slow down even more, there could be more promotions for consumers to take advantage of. If you want to find out which companies Sole likes right now, watch the video above.
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