Fabric Products,Fabric Information,Fabric Factories,Fabric Suppliers Fabric News The United States announced its formal withdrawal from the WHO, and the local textile and apparel industry may be hit again!

The United States announced its formal withdrawal from the WHO, and the local textile and apparel industry may be hit again!



According to foreign media reports, on July 7, local time, multiple U.S. officials confirmed that Congress had received notification from the Trump administration that the United States would formally withdraw …

According to foreign media reports, on July 7, local time, multiple U.S. officials confirmed that Congress had received notification from the Trump administration that the United States would formally withdraw from the WHO. The notice was sent to United Nations Secretary-General Guterres on July 6 and will take effect one year later, that is, on July 6, 2021. Bob Menendez, a member of the U.S. Senate Foreign Relations Committee, posted on social media that day that Congress has received notification from the Trump administration regarding the United States’ withdrawal from the WHO during the COVID-19 pandemic. He said that this move will not protect the lives and interests of Americans, but will only make Americans more vulnerable and make the United States more isolated and helpless.

As of 08:00 on July 8, a total of 3,088,996 cases of new coronavirus pneumonia have been diagnosed in the United States, a total of 1,348,248 cases have been cured, a total of 133,845 deaths have been reported, and there are currently 1,606,903 confirmed cases. Judging from real-time data, the United States is still the hardest hit by the epidemic. Despite being in the rebound period of the epidemic, US President Trump still stated on July 7 that the United States “will not be closed, never will be closed,” and once again called for the United States to fully reopen. Due to the dual impact of the epidemic and policies, the three major U.S. stock indexes collectively closed down on Tuesday. The Dow fell 1.51% and fell below the 26,000 point mark, reporting at 25,890.18 points; the Nasdaq fell 0.86%, reporting at 10,343.89 points; the S&P 500 fell 1.08%, reporting at 3145.32 point.

Currently, the real economy of the United States is in dire straits. According to Business Insider’s analysis, so far U.S. retail companies have confirmed plans to close at least 4,300 stores in 2020, and many of them have “collapsed” due to the epidemic.

GAP

Gap will close hundreds of Gap-branded stores while also opening stores under other brands such as Old Navy and Athleta. The company said in February 2019 that it planned to close about 230 Gap stores over the next two years. Gap recently said it had closed about 130 locations in 2019, with the remaining deals expected to close in 2020.

Victoria’s Secret

Victoria’s Secret’s parent company L Brands said in May that it planned to close 251 stores in the United States and Canada in 2020. 238 of them are in the United States.

Forever 21

Forever 21 said it expected to close 350 stores worldwide after filing for bankruptcy protection in September last year, including 178 locations in the United States.

Company filings show that the remaining stores will close in 2020.

Modell’s

American sports brand retailer Modell filed for bankruptcy protection in March and said it planned to close all 153 of its stores.

J. Crew

On May 4, the well-known American clothing brand J. Crew filed for bankruptcy protection, becoming the first company since the outbreak of the epidemic in the United States. National retailer files for bankruptcy protection.

Lucky Brand

Recently, the American denim clothing company Lucky Brand announced that it is filing for bankruptcy protection. In the process, the company Brand stores will remain open. It is reported that Lucky Brand has 112 professional retail stores and 98 direct sales stores in North America.

Chico’s

Chico’s, the women’s clothing retailer, said last year that it planned to close about 250 stores within three years, including 100 Chico stores, 90 4 White House Black Market stores and 60 Soma stores.

As of November 2, the company has closed 49 stores and expects to close approximately 200 more stores this year.

Wilsons Leather and G.H. Bass

G-III Apparel Group, which owns DKNY, Donna Karan, Calvin Klein, Tommy Hilfiger and other brands, said in June , plans to close 110 Wilsons Leather stores and 89 G.H.

The reopening time of Bass stores will be determined based on the situation of the coronavirus epidemic.

Destination Maternity

Destination Maternity, the world’s largest maternity clothing group, filed for bankruptcy protection in October last year and said it planned to close in the United States. 183 stores in Canada and Puerto Rico.

Macy’s

Macy’s said in February that it planned to close 125 stores over the next three years and cut thousands more Wan’s company works as part of a cost-saving plan.

Guess

Fashion brand Guess said in June it planned to close about 100 stores in the United States and China over the next 18 months. .

Announcing the closures during an earnings call, Guess CEO Carlos Alberini said: “Based on our operating model, recent store performance and expected demand indicate that we The store portfolio around the world can be optimized to improve profitability.” The proportion of stores currently closed is 9%.

The company owns its namesake brand as well as Motherhood Maternity-branded stores.

Olympia Sports

Olympia Sports said in October that it planned to close 76 stores after being acquired by sports retailer JackRabbit. These stores will close in 2020.

A professional organization has predicted that the number of stores announced to close in the United States in 2020 will exceed 15,000. However, the latest tracking survey shows that U.S. retailers may announce the closure of 20,000 to 25,000 stores in 2020, of which 55% to 60% (stores) are located in shopping malls across the United States.

Industry insiders analyze that if the local government does not take effective epidemic prevention and control measures, the epidemic will put more stores at risk of closing.

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