Logistic restrictions have been implemented due to the epidemic put production and shipments in check from the largest clothing factory in the world. The country exports 157.8 billion dollars in clothing each year.

American fashion groups have gone from having a 50% share in the top ten fashion retailers to 40% according to the Global Powers of Retailing, which features 250 largest retailers across the world.

Groups like Nike, Burberry or Capri, which have one of their main markets in China, have already anticipated the impact that the crisis will have on their annual accounts. 

In the eurozone countries, last year, the sector recovered with a 0.3% growth following the drop in 2018, according to data from the European statistical agency Eurostat.

The retail fashion commerce in Europe suffers a year-on-year drop of 0.2% in December, according to Eurostat data.

Last week, France announced that it will ban companies in the fashion sector from destroying unsold items. The French Government follows in the footsteps of the United Kingdom or the city of New York.

The US denim company has ended the period with a revenue of 5.8 billion dollars.  

The president of the United States has officialized the USMCA trade pact between the United States, Canada, and Mexico. 

Wuhan, capital of the Chinese province of Hubei is one of the main business destinations in the area, where companies such as Shiseido, Hermès, Prada or Louis Vuitton operate.