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Global Textile Manufacturers See 33% Sales Downturn

Stores are opening but will consumers return? Join Cushman & Wakefield and rue21 for the Retail in Recovery webinar June 17 at 2 pm ET.

Textile makers foresee bottom-line turmoil ahead. The International Textile Manufacturers Federation (ITMF) conducted a third survey from April 16-28 among its members and affiliated companies and associations about the impact the coronavirus pandemic’s impact on the global textile value chain, finding an expected worldwide sales downturn this year of 33 percent on average compared to…

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