UK value fashion retailer Primark has set up a fund to cover the wages component of orders that it cancelled in Bangladesh, Cambodia, India, Myanmar, Pakistan, Sri Lanka and Vietnam because of the coronavirus pandemic.
Profit at H&M has more than doubled in the first quarter - but the Swedish fashion retailer is bracing itself for the months ahead, with the global Covid-19 pandemic behind a 46% slump in net sales during March.
Top stories on just-style in March were unsurprisingly dominated by the impact of the coronavirus (Covid-19) pandemic on the global apparel industry and its supply chain. We take a look at how retail and fashion companies and their supply chains might fare coming out of the crisis, and industry efforts to address the global shortage of personal protective equipment (PPE). The list also includes an interview with Stanley Szeto, executive chairman of fashion supply chain manager Lever Style, and a US$930.7m bid to privatise Li & Fung.
The fast spread of the coronavirus around the globe has created an unprecedented situation for the world economy. But how might Covid-19 affect apparel sourcing and trade? Dr Sheng Lu, associate professor in the Department of Fashion and Apparel Studies at the University of Delaware, has analysed the worst case scenarios.
Retailers H&M, Canada Goose, Nike Inc and luxury firms including Kering are among those mobilising their production facilities and supply chains to help address the global shortage of personal protective equipment (PPE) including face masks and hospital gowns amid the coronavirus (Covid-19) pandemic.
Retailers that have made bold commitments to their staff, customers and the wider community during the coronavirus (Covid-19) outbreak are most likely to be in favour with shoppers when normality returns - including fashion brands that are harnessing their production capacity to produce equipment to help fight the pandemic.