Impact of the COVID-19 pandemic on the fashion industry

The impact of the COVID-19 pandemic on the fashion industry was primarily caused by the sudden and global store closures worldwide which strongly impacted the fashion industry. The complete absence of revenue from physical stores caused a deep drop of revenue for fashion retailers, a complete reconfiguration of the stocks for fashion brands, and consequently a drop of orders for garment manufacturers.

Source: Wikipedia — Impact of the COVID-19 pandemic on the fashion industry (CC BY-SA 4.0)