{"id":166123,"date":"2020-04-14T09:13:00","date_gmt":"2020-04-14T09:13:00","guid":{"rendered":"https:\/\/theindustry.beauty\/clothes-retailers-face-15bn-of-write-offs-as-stock-lies-unsold\/"},"modified":"2021-08-06T12:05:25","modified_gmt":"2021-08-06T12:05:25","slug":"clothes-retailers-face-15bn-of-write-offs-as-stock-lies-unsold","status":"publish","type":"post","link":"https:\/\/theindustry.beauty\/clothes-retailers-face-15bn-of-write-offs-as-stock-lies-unsold\/","title":{"rendered":"Clothes retailers face \u00a315bn of write-offs as stock lies unsold"},"content":{"rendered":"<p class=\"responsiveweb__Paragraph-sc-1isfdlb-0 YieBL\">Fashion retailers are facing \u00a315 billion in stock write-offs, according to industry bosses and analysts.<\/p>\n<p><!--more--><\/p>\n<p class=\"responsiveweb__Paragraph-sc-1isfdlb-0 YieBL\">Shops not classed as \u201cessential retail\u201d have been closed since March 16, around the time that most retailers had taken delivery of their latest spring and summer collections.\u00a0Sales are thought to have plunged by 70%, according to analysis by Retail Economics and Alvarez &amp; Marsal.<\/p>\n<p>Read the full article on <a href=\"https:\/\/www.thetimes.co.uk\/edition\/business\/clothes-retailers-face-15bn-of-write-offs-as-stock-lies-unsold-qv8j35cr5\"><em>The Times<\/em><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2026 <a href=\"https:\/\/theindustry.beauty\/clothes-retailers-face-15bn-of-write-offs-as-stock-lies-unsold\/\">...<\/a><\/p>\n","protected":false},"author":2,"featured_media":137726,"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":[14368,14879],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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