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Clothing industry joins calls for sector-specific EU action By Leonie Barrie 01 Jun 2021 (Last Updated June 1st, 2021 13:11) The European textile, clothing, leather, and footwear (TCLF) sectors are calling for a dedicated strategy to help ensure their survival following the Covid-19 pandemic. Share Article The move comes on the heels of the European Commission’s update last month of the 2020 New Industrial Strategy: “Building a stronger Single Market for Europe’s Recovery.” Groups representing the TCLF industries are urging support for a “coherent and effective strategy” at both a national and EU level, and have set out their response in a joint statement: ‘The future industrial strategy of the EU Textiles Ecosystem.’ ....
Myanmar workers urge brands to offer more support just-style.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from just-style.com Daily Mail and Mail on Sunday newspapers.
Stores are open, but vendors face longer payment terms and financial uncertainty. By: Ben Unglesbee The retail supply chain, like the retail industry itself, has gone through a dramatic period of stress since March 2020. The early months of the COVID-19 crisis brought ubiquitous order cancellations. Almost as pervasive were retailers efforts to push out payments for shipments. In turn the cash flow crisis in retail hit suppliers just as hard. Businesses furloughed employees, negotiated with landlords and other vendors, and wondered if they would be able to stay in business, just as retailers did. By summer stores had reopened in most areas and orders were coming in which is crucial for both retailers and vendors but suppliers financial woes persisted. ....