© Taslima Akter
The coronavirus pandemic has severely affected the entire textile industry, both here and in the producing countries. Many companies cancel orders, no longer accept ordered goods or trade discounts. Others try to agree with their producers on burden sharing.
In Germany, all clothing stores are currently closed, manufacturers and retailers without online sales are particularly bad. Strongly affected by the closures are in particular the fast fashion chains, which change their assortment every 4-6 weeks and buy huge quantities. Now they remain on the spring collection, which probably can no longer be fully sold when the shops reopen. Discount battles are to be presumed.
- Details