it would cut 450 jobs in North America and shutter all of its 162 Heritage Brands retail stores, which includes brands such as Van Heusen and IZOD, as the coronavirus crisis wreaks havoc on the apparel industry.
"The COVID-19 crisis is dramatically reshaping the retail landscape in ways that we believe will be long-term in nature and far-reaching in terms of consumer purchasing behavior," President Stefan Larsson said in a statement to the press.
They’ll all rebound later. That’s business. Meanwhile, middle class and those in the poverty line should be taken care of gov’t.
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