The cost of coronavirus to fashion retail

Drapers’ Covid-19 coronavirus survey sheds light on the number of businesses across the UK and Ireland currently battling to survive amid the devastating outbreak, with more than a third of respondents already reporting staff cutbacks. It found that the industry will require rapid and transparent support from the government for it to be able to bounce back. As the coronavirus pandemic grows, so does its impact. Like every industry, fashion has been heavily affected. Events such as Graduate Fashion Week and manufacturing trade show Make It British Live have been postponed indefinitely, while suppliers and manufacturers are grappling with refused shipments and weaker forward orders. Read more at Drapers.