CORONA EFFECT ONLINE MARKET, AMAZON LIMITS NON ESSENTIAL ITEMS

The rapid spread of novel coronavirus Covid-19 is causing widespread economic and social disruption on a global scale. The pandemic is sending shock waves through every facet of the fashion industry, from manufacturing supply chains to front rows at fashion week. Follow our live blog for minute-by-minute updates.

Latest Coronavirus Updates

  • The Trump administration will propose an $850 billion stimulus package as investors look to governments to calm global markets.
  • A fresh wave of store closures was announced across North America, with Chanel, Kering Sephora, and Nordstorm all Shuttering stores.
  • Amazon has stopped all but essential shipments to its warehouses in order to prioritize the delivery of medical supplies and household staples.
  • British retailer Laura Ashley has a field of administration one of the first brands to go under as a result of the current crisis.

Leave a Reply

Your email address will not be published. Required fields are marked *