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$13.86 Billion and Rising: Apparel Racks Up Skyhigh COVID-19 Credit Bill

Biodegradability or recycled? Carbon inset or carbon offset? Blockchain or chasers? Get the definitions and relative advantages of each, and learn how to address your company’s specific impacts and goals. Join us July 29 for our Sustainability FAQs Workshop with Gap Inc., SAC, Fashion for Good, Accelerating Circularity, Lectra & Cotton Incorporated.

Sensing a catastrophic cash crunch as consumers hunker down to stop the spread of the coronavirus, retail and apparel firms drew down at least $13.86 billion from their credit lines in the recent weeks to ensure they can feed their ongoing operating costs. The $13.86 billion is just a fraction of the $98.94 billion that consumer…

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