Why Fashion Retailing Will Have A Slow Recovery [Forbes]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: Forbes
Pedestrians pass in front of Zara fashion store, operated by Inditex SA, store in the Upper East... [+]Side neighborhood of New York, U.S., on Friday, March 20, 2020. Some retail segments, such as grocery chains and Walmart, may benefit from the coronavirus outbreak. But for a sector already battered by the shift to online retailing and other structural changes, the coronavirus only portends more pain. Photographer: Gabby Jones/Bloomberg© 2020 Bloomberg Finance LPBy every measure, 2020 was a terrible year for the fashion industry. ers cut some fashion space, and apparel sales were very disappointing. McKinsey predicts that the global fashion industry’s profits are expected to fall by -93% in 2020. Initially retailers bought too much, lately retailers don’t have enough on their shelves.The problem is that most retailers look to Wall Street for approval. If their inventory is too high, they get punished by investors who fail to buy the stock. If their inventory is too low, they get puni
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Sec Filings
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