
Fashion brands and retailers re-opening around the world to patchy demand, and carrying unsold stock from spring have cut fall orders by as much as two-thirds in moves spelling more pain for Asian suppliers.
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Fashion brands and retailers re-opening around the world to patchy demand, and carrying unsold stock from spring have cut fall orders by as much as two-thirds in moves spelling more pain for Asian suppliers.
A British shopping app is raising money to help hard-pressed garment workers in Bangladesh by selling off clothes ditched by global fashion brands as the coronavirus crisis decimated their sales.
Bangladeshi manufacturers said on Wednesday that they would blacklist Western fashion brands that “exploit” them by failing to pay their bills due to the new coronavirus crisis.
Hundreds of thousands of garment workers across Asia have been laid off, according to the Workers Rights Consortium, and are now struggling to survive with little welfare support.
Bangladesh will sue factory owners that do not pay their staff during the coronavirus lockdown, with tens of thousands of garment workers struggling after factories shut without paying March wages.
Western clothing brands that agreed not to cancel orders due to the coronavirus epidemic are demanding price cuts of up to 50%, Bangladeshi manufacturers said on Friday.
Bangladesh, the second-largest apparel producer after China, is set to lose roughly $6 billion in export revenue this financial year amid cancellations from some of the world's largest brands and retailers.
Factory workers in Bangladesh could go hungry as global fashion brands have cancelled or delayed orders worth $138 million due to coronavirus, manufacturers said on Thursday.
As virus-wary shoppers stayed home in the United States and Europe, apparel retailers braced for a blow to sales and a potential inventory glut.
The Sustainable Apparel Forum (SAF) will take place in Dhaka on November 5, 2019, to accelerate the momentum of sustainability in Bangladesh apparel industry.