Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

US, EU Fashion Brands Refused to Pay $16B in Garment Orders: Report

By
Apparel imports plunged from April through June in the U.S. and EU by at least $16.1 billion, as brands canceled orders during Covid-19.
Apparel imports plunged from April through June in the U.S. and EU by at least $16.1 billion, as brands canceled orders during Covid-19.
CREDIT: AP Photo/Tatan Syuflana

Register for the Feb. 17 webinar, De-Risking Supply Chains Through Nearshoring, today to learn how to realize the benefits of localizing supply chains from factories that are helping brands successfully produce in the U.S.

Register Now

$16.1 billion. That’s how much apparel imports flopped from April through June in the United States and from April through May in the European Union. Given the lead times on apparel orders, the only plausible explanation for the steep decline is the failure of brands to pay for the clothing they ordered before Covid-19 seized…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands

Access exclusive content Become a Member Today!

© Copyright Sourcing Journal Media, LLC.

ad