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Order-Cancelling Retailers Could Send Asian Factories into a Tailspin

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Retailers are slashing second-quarter apparel orders, and prolonged reductions in production for the back half of 2020 could mean factories across Asia may see closures similar to the levels last seen in the Great Recession. As store closures that were once billed as temporary, two-week measures are now set to drag on ad infinitum, fashion…

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