Commentary
How to sell clothes during a retail apocalypse
Brand survival in the pandemic is part luck, but there are some lessons to be learnt, says the Financial Times’ Rana Foroohar.
NEW YORK CITY: Aside from tourism and commercial real estate, it’s hard to imagine an industry that has been as devastated by COVID-19 as retail.
In the US, malls are empty. Big brand chains from J Crew to Brooks Brothers to Lord & Taylor have filed for bankruptcy.
In the work-from-home era, people still buy things – computers, home office equipment and wine – but apparel just isn’t top of mind these days.
US commerce department figures show that there was a 20 per cent decline in clothing sales last month compared with August 2019. When even Anna Wintour, the editor-in-chief of Vogue magazine, is at home in her sweatpants, who is thinking of dressing up?
Exports increase five percent in the first five months of current FY
Declining cardamom price dejects farmers
Country gains self-sufficiency in marigold: flower trade declining
Nepse reaches 2,032 points, witnesses transaction of Rs 30 bln this week
Five ways to enable a data-driven approach in Nepal’s private sector
Central Bank to issue development bond worth Rs 20 billion
Auto China 2020: German carmakers look to switch gears
Porsche Shows Off Panamera Turbo S at Virtual Beijing Auto Show
China’s Economy Comes Roaring Back, Led by Wealthy Consumers
What is your Reaction?