Fashion Goes Tech: Digitalization in retail
Read article about Empty streets, no traffic, stores closed. In other words, no footfall, no conversion, no inventory turnover, frozen cash flows, no business. In a business like fashion, it also means that you are increasing inventories and reducing the probabilities of selling it at full price (some categories, like formalwear was almost killed. Who is wearing a suit and tie compared to a few years ago?). and more articles about Textile industary at Fibre2Fashion
Source: fibre2fashion.com