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41 Percent of Retailers Resort to Layoffs to Cut Costs

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

The back half of March was a brutal time for retailers in the apparel industry, a new survey has found—but there were still bright spots to be found among smaller, digitally native brands. Of 94 apparel retail and e-commerce respondents, 49 percent said their business was “significantly below plan” in terms of sales made between…

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