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Retailers Won't See Material Damage From 'Brexit'

The effects of the U.K. leaving the European Union are largely still unknown, and while some analysts say this adds yet another element of uncertainty to the North American apparel industry, other analysts are saying the impact to some companies with meaningful U.K. and eurozone exposure "doesn't appear material."

In a research note Friday, Credit Suisse analysts said the biggest risk to earnings "is the potential demand shock across broader European markets given likely instability in the region over the next nine months."