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Industry concerned over store closures & bankruptcies in US!

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Apparel Online Bangladesh June, 2017

READ MORE ON BankruptcyBrexitFashion BrandsGarment Manufacturers

Even as fears and apprehensions as to the ill-effects of Brexit are yet to wane off, the garment industry is now faced with two new developments – the reported bankruptcy and large-scale closure of stores; and the change of guards in the USA – that many feel might have far reaching implications for the industry. More than 18 fashion brands/stores, based in US, have started showing negative trends already with many announcing closure of stores and filing for Chapter 11 in the last few months alone. According to a Western media report named, ‘America’s retailers are closing stores faster than ever’, it has been predicted that there could be closure of more than 8,000 stores in 2017, which could well…

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Source: Apparel Online Bangladesh June, 2017
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