Impact of coronavirus at the fashion Industry
Today India has announced Lockdown at most of the part of the country till 31/March to fight well with the situation. Luckily India doesn’t have a shortage of Doctors. This lockdown will help to control and further spread COVID-19. China experience has taught us well to fight with such a situation. This lockdown will affect Retail and fashion Industry badly. Now customers will stay away from impulsive buying & will focus on daily needs.
Let's see what is the impact of COVID-19 at Fashion and Retail industry across the globe.
- America closes New York delivery station.
- Global Bridal wear label Pronovias group supports to hospital employs by donating wedding dress to brides-to-be.
- Moda Fabriek July show planned to be cancelled.
- TJ Maxx halts E-Commerce operation for two weeks.
- Everlane brand has just announced to donate profit for feeding America COVID-19 response fund.
- Vancouver F/W20 fashion week cancelled.
- Gucci & Chanel Luxury brands shut down factories in Europe.
- Retailors of India, U.K and Ireland can learn from Italy online sale surge.
- Stores closures across the world will hit GDP.
- “Made in China” products declined by 16 percent across the globe.
- Valmount Barcelona fashion week postponed.
- Australia Fashion week cancelled.
- Amazon is prioritizing medical and household things & putting other goods on hold keeping coronavirus outbreak in mind.
- Zara sale has dropped by 24% from 1st March to till 16th March.
- In Paris, most fashion capitals are expected to work from home in self Isolation.
True, COVID 19 has hit the fashion, travel and hotel industries. I am a E-comm seller and I am telling my experience that there are almost no orders from last two weeks. Many of big exporters are suffering due to order cancellations and shortage of production peoples.
ReplyDeleteIt's the worst crisis for the industry
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