Woolworths South Africa is cutting down orders from its apparel suppliers as part of measures to manage costs during the coronavirus crisis, amid a warning it will miss full-year earnings by at least 20%.
The board of Under Armour has approved a previously planned restructuring initiative amid the news the sportswear brand will temporarily lay off staff at its full-price and outlet stores along with about 600 employees that work at its US-based distribution centres.
Clothing retailers and brands around the world face dwindling sales, store closures and mounting stock inventory due to the coronavirus pandemic. In Bangladesh, millions of dollars worth of clothing orders have been cancelled and some factories are just a step away from shutting down their operations. But what happens when it all blows over? Can the fractured buyer-supplier relationship - until now based significantly on trust - be repaired?
As the coronavirus (Covid-19) outbreak has spread and its humanitarian impact has grown, challenges have arisen in the global supply chain. As a result, retailers are taking actions to resolve the immediate challenges the pandemic presents to supply-chain workers, business partners, and operations.