Markets

h By P. R. D.

Apr 1, 2020 — 4:00pm

Fashion sales to shrink by $600 billion this year due to corona crisis

h By C. J.

Mar 24, 2020 — 10:00am

Cotton prices hit ten-year low on uncertainty over coronavirus

The decrease in production, together with the fall of demand and the paralysis of cotton exports to the United States are some of the factors that motivated the price fall.

h By MDS

Mar 18, 2020 — 6:24pm

Golman Sachs expects Eurozone’s GDP to dip 1.7%

American international investment bank, Goldman Sachs has lowered the forecast of the main economies in the Eurozone and anticipates its GDP to plunge by 1.7%.

h By F. Tatiana. Ngo Bii

Mar 18, 2020 — 9:00am

If European giants cry, what would be of Americans?

The current pandemic has led to nationwide lockdowns. For American retailers, the path will be even harder.

h By MDS

Mar 17, 2020 — 6:18pm

Moody’s: fashion, one of the most exposed sectors to the coronavirus crisis

According to the American rating agency, the most exposed sectors are those linked to travel and discretionary spending, such as fashion or retail, excluding the alimentary sector.

h By MDS

Mar 17, 2020 — 5:38pm

France and Italy’s take measures against the coronavirus to protect the people and economy

Italy assigned 25 billion euros (27.8 billion dollars) to moderate the pandemic’s consequences, while France ensured that “no companies would be left exposed to the risk of bankruptcy”.

h By MDS

Mar 17, 2020 — 5:14pm

Retail sales in China fall by 20.5% in January and February

Industrial production, meanwhile, has fallen by 13.5%, while investment in equipment has decreased by 25%, according to the country’s statistic office.

h By MDS

Mar 17, 2020 — 4:15pm

Fashion stalled by coronavirus: $150 billion at stake

Italy, France, and Spain have decreed the closing of shops, while most fashion giants have shuttered their stores in North America.

h By MDS

Mar 16, 2020 — 5:46pm

Saudi Arabia joins Europe and U.S. and decrees to closure of all shopping malls

The western Asian country has about one hundred confirmed coronavirus cases, consequently joins the measures taken by Italy, Spain, and the United States during these past few days. Only grocery stores and pharmacies will remain open.

h By P. R / I. P. G

Mar 16, 2020 — 9:00am

Coronavirus: What if ecommerce can’t rescue fashion?

The crisis may presents an opportunity for the channel, but not for the sector because the consumer will prioritize the purchase of basic foods unless the current situation lengthens.

h By Modaes

Mar 16, 2020 — 7:15am

Trump declares national emergency, retailers to close stores

Last Friday, President Trump declared a national emergency over the coronavirus. Nike, Everlane, Abercrombie & Fitch are a few amongst many that have ceased their operations over the coronavirus.

h By MDS

Mar 15, 2020 — 1:00pm

Coronavirus: France joins Spain and decrees the closure of all stores

All stores open to the public that are not of primary necessity will have closed their doors on Saturday in France, along with a similar measure taken in Spain that same day.

h By Mds

Mar 13, 2020 — 8:00pm

Coronavirus: Spain declares a state of alert and the closure of all retail stores

President of the Government, Pedro Sanchez, explains that the actions will extend for the next fifteen days.

h By MDS

Mar 13, 2020 — 5:33pm

Coronavirus: Colombia expects an increase in its fashion exports

The Colombian fair organizer, Inexmoda, expects textile exports from Colombia to the United States to increase in 2020 as brands seek alternatives away from China.

h By C.J

Mar 13, 2020 — 9:00am

The coronavirus shifts the threat to mature countries

Italy has proceeded to closing all its retail stores, excluding supermarkets, fuel stations to fight the spreading of the pandemic.

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News on the latest macroeconomic indicators related to the textile- and fashion industry worldwide.