Delaying collections, shifting online, operating smarter promotions. Fashion and accessory retailers share their strategic choices.
Reduce incoming product flows.
For all fashion players, this is THE number one priority. By the end of March 2020, Marks & Spencer, Primark and Hennes & Mauritz (mainly supplied by China and Bangladesh) all suspended future clothing orders from Asian, Turkish or North African factories. For instance, the British fashion retailer Marks & Spencer deferred orders and asked partner factories to stop supplies of raw materials so as to “not worsen an already difficult period for all”. Ulrika...
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