Vietnam’s Factory Shutdowns Tug at Apparel Industry’s Seams

to President Biden in mid-August urging him to speed up U.S. vaccine donations to Vietnam. The health of the U.S. apparel industry is “directly dependent on the health of Vietnam’s industry,” the group said in the letter.

That is likely to make holiday merchandising a bit of a gamble for clothing retailers, which typically buy half of their inventory in advance and then “chase” sales later depending on which items sell better. On an earnings call in August, Victoria’s Secret said it is going to “commit a little harder” than the usual 50% to 55% of merchandise that tends to be booked at the start of a season.

How well retailers manage also will depend on what kind of apparel they sell. Footwear companies seem to have been spared the worst when it comes to this holiday season. They tend to place orders six months out compared with the three-month lead time that clothing sellers follow, according to Ms. Stichter. That might help explain why, despite heavy manufacturing exposure to Vietnam, share prices of both Nike and Crocs have both increased since early July.

Even better reason to bring manufacturing back to The United States!

dear POTUS my largest uncle always tears his old navy(tm) jeans demonstrating how to board a jet ski and he is worried he won’t be able to replace them, please end vaccine apartheid and do the patent waivers asap!!

from 169 Daily new cases on May 15...to16,083 new cases on Aug 26. Yep..that sure is a surge. And a quite spectacular one at that.

Maybe THIS 👆🏾will motivate vaccination.

This should be proof that covid must be fought on a global basis or normal is a thing of the past

Already killing furniture deliveries

Well, don't you think the WSJ ought to fly out & tell these Vietnameers about the devastating knock-on effects these shut downs are having? I can't imagine what our Holiday events are going to look like, now. Don't they realise we're working via Zoom & my dog needs a new coat?

HOLY HECK!

Sweat shops for the branded shoes…

More Inflation?

This might leads to a cascading effect on the rest of apparel industry. People are shopping 🛍 less in malls and stores too

The apparel industry has always been one of the worst industries anyway.

Oh no, what will people do if they can’t buy things?

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘People just aren’t applying’: Why the restaurant industry created no new jobs last month'We've always had a problem getting good people, but we've never had a problem hiring people,' said Kayleigh Caamaño, who co-owns a casual pizza restaurant... wow Let’s see: low pay high risk of contracting Covid, no benefits. It is really a mystery…. No one gets paid enough to deal with maskholes.
Source: MarketWatch - 🏆 3. / 97 Read more »

The Recording Academy, ASU & Berklee Launch Survey to Measure Women's Industry RepresentationThe Recording Academy, Berklee College of Music and ASU moved into the next phase of their study on women’s representation in the music industry with a survey.
Source: billboard - 🏆 112. / 63 Read more »

U.S. Gulf Coast oil industry struggles with uneven Ida recoveryThe engine of the U.S. offshore energy production struggled to recover from Hurricane Ida on Friday as a lack of crews, power and fuel left most Gulf Coast oil and gas output offline five days after the storm passed. That's the consequences of always creating wars and chaos in other countries. Karma is so real.
Source: Reuters - 🏆 2. / 97 Read more »

China Wants ‘Cissy Idols’ and ‘Effeminate Men’ Scrubbed From Entertainment IndustryThe Chinese government’s crackdown on the tech and entertainment sectors has now turned to “sissy idols,” “effeminate men” and all things “overly entertaining.” The measures were sketched out in an… It’s a Cultural Revolution Re Dux This is frightening. Don’t give GOP led states (TX) any ideas, they’re on a gutting individual rights tear.
Source: Variety - 🏆 108. / 63 Read more »