The State of Fashion: Has the Corona Virus Killed Retail? Macy’s Lays off 130,000 Employees as the Virus Casts a Deathly Pall Over the Industry – THE BOMB LIFE

  • 📰 thefashionbomb
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

United States News News

The State of Fashion: Has the Corona Virus Killed Retail? Macy’s Lays off 130,000 Employees as the Virus Casts a Deathly Pall Over the Industry

has decided to ‘furlough’ most of its 130,000 employees due to the negative economic impact Covid-19 has had on sales.

With non essential businesses closed until further notice, large Brick & Mortar stores like Macy’s 34th street flagship have suffered greatly. With store closings extended for another 2-4 weeks, we can only pray that this does not lead to the end for the iconic American retailer. In times like these, when families are focused on essentials, financials, and keeping their heads above water, it’s hard to think about fashion. Fashion is a luxury, and clothes are for going places, not sitting inside, staring out the window for signs of life.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 159. in US

United States United States Latest News, United States United States Headlines