Monday, April 6, 2020

UK fashion retailers brace for shakeup as clothing piles up in warehouses

Major firms such as Next and Primark stop taking deliveries as smaller firms such as Cath Kidston face collapse

Fashion retailers and their suppliers are braced for a massive shake-out of the industry as an estimated £10bn of clothing piles up in warehouses during the coronavirus lockdown.

Retail insiders said major firms including Primark, Peacocks, Arcadia and Next had all stopped taking deliveries to their warehouses because they had no more room. Numerous poorer performing retailers, including Debenhams and vintage-inspired retailer Cath Kidston, are on the verge of collapse.

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from Fashion | The Guardian https://ift.tt/2UKzLRC
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