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Burberry, VF Warn on Virus, Canada Goose Sees Tmall Shopping Fall Off

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

The number of apparel firms affected by the ongoing coronavirus health crisis in China is piling up. Burberry Group plc on Friday became the latest luxury fashion firm to disclose that the coronavirus outbreak–which saw 24 of its 64 stores temporarily closed–was having a “material negative effect on luxury demand.” Other brands such as VF Corp….

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