After attending this year’s MAGIC apparel trade show, Buckingham Research Group analyst David Glick released a new report that includes his key takeaways from the conference.

“Our meetings at the MAGIC apparel trade show in Las Vegas earlier this week reveal an industry undergoing tremendous and rapid change, as apparel brands contend with the channel shift from department stores to off-price and online retailers,” Glick explained.

Here’s a rundown of his five key takeaways:

• 1. Fall department store orders are very conservative, and mid-tier department stores are leading the growth.
• 2. Buckingham got positive impressions from meetings with G-III Apparel Group, Ltd. GIII 0.34% and PVH Corp PVH 4.42%, but an impression of uncertainty from Ralph Lauren Corp RL 2.18%.
• 3. Apparel product costs could fall in the low-to-mid single digits in Fall 2016.
• 4. The biggest overall theme of this year’s conference was…

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