Fast fashion and the impact of the COVID-19 pandemic
The coronavirus outbreak is having a far reaching impact on businesses in almost every part of the world – be it small scale or big ticket! From prominent industry players laying off several thousands workers at a time to small-scale organizations grappling for existence, the situation in the corporate world seems to get grimmer by the day. And the globe of fashion isn’t spared as well! America’s largest chain of luxury stores, Neiman Marcus Group Inc. is the latest one to have filed for bankruptcy. In a series of reports by prominent media houses over the last 24 hours, it was noted that...