{"id":166098,"date":"2020-04-08T18:25:00","date_gmt":"2020-04-08T18:25:00","guid":{"rendered":"https:\/\/theindustry.beauty\/fashion-industry-reels-as-coronavirus-shuts-shops-and-cancels-orders\/"},"modified":"2021-08-06T12:05:23","modified_gmt":"2021-08-06T12:05:23","slug":"fashion-industry-reels-as-coronavirus-shuts-shops-and-cancels-orders","status":"publish","type":"post","link":"https:\/\/theindustry.beauty\/fashion-industry-reels-as-coronavirus-shuts-shops-and-cancels-orders\/","title":{"rendered":"Fashion industry reels as coronavirus shuts shops and cancels orders"},"content":{"rendered":"<p>The coronavirus pandemic has plunged the $2.5tn (\u00a32tn) global fashion industry into crisis with a \u201csignificant number\u201d of firms expected to go bust in the next 18 months, putting millions of jobs at risk.<\/p>\n<p><!--more--><\/p>\n<p>Global fashion sales are predicted to fall by up to 30% in 2020 and the luxury end of the market will be even harder hit, with sales slumping by up to 40%, according to a bleak report by the Business of Fashion (BoF) and consultants McKinsey.<\/p>\n<p>Read the full article on <a href=\"https:\/\/www.theguardian.com\/business\/2020\/apr\/08\/fashion-industry-reels-as-coronavirus-shuts-shops-and-cancels-orders\"><em>The Guardian<\/em><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2026 <a href=\"https:\/\/theindustry.beauty\/fashion-industry-reels-as-coronavirus-shuts-shops-and-cancels-orders\/\">...<\/a><\/p>\n","protected":false},"author":2,"featured_media":152884,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[6],"tags":[5707],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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