Effects of COVID-19 on the Fashion Design Industry

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Effects of COVID-19 on the Fashion Design Industry

  • Posted By Admin
  • On 15 March
  • Tag: Advice, Fitness

Ever since Covid-19 steps in, it created a deteriorating impact on every field of Industry. Whether it is in the manufacturing or the service sector, the countries restrained themselves from the recession point.
Now, you might be wondering how the global fashion retail industry might be going through? Certain speculations might disrupt the above theory and can sound a bit uncanny. So, a deep insight is a must for tackling such brainstorm.

Fashion Brands shut down their sales operations

Most of the Fashion Brands such as H&M, Gap, and Nike temporarily suspended all of their online operations and retail outlets. This decision came into effect right after the declaration of global lockdown.
But it was not a surprising decision because most of the countries decided to close all of their manufacturing and import-export units. Thus, there came an unavoidable pause in the sale of Fashion apparel for months.

Fashion events held online

If you wonder whether there were any fashion ramp walks during this year, you should scroll through the search engine.
Due to the coronavirus pandemic, there was a steep decline in fashion events in 2020. These fashion events were either postponed or got canceled.
There were various scenarios where fashion and technology walked hand-in-hand. One of the instances occurred in Milan Fashion Week, where Giorgio Armani decided to live-stream their collections. They did not invite any visitors during this whole event due to outburst in coronavirus cases in Italy.

What is going on in people’s minds?

Covid-19 restricted the widespread of the world’s population to stick to their homes. People seem to be much more comfortable inside their warm and cozy bed.
Several types of research stated that people are not so thoughtful about purchasing apparel. It is because they are not visiting any events and occasions. Many also declined the idea of buying clothes during this pandemic due to fear of getting infected.

Were there any permanent shut down of companies?

Fashion brands witnessed a sharp decline in sales during the lockdown period. Most of them faced revenue loss, while small-scale companies could not bear revenue loss. Many Fashion designing companies took some harsh decisions.
Many companies decided to shut their multiple stores. While some of them even declared themselves to be bankrupt. There were losses of the workforce, which became a serious matter to ponder.

CONCLUSION

With this abrupt decline in apparel sales, the fashion industry might be in a spot of bother. What’s needed is patience and switching to new marketing skills, which will help these companies revive this pandemic. But it is safe to say that future of the fashion design industry is heading on the right track.

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Johnathan
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Mikymouse
Few Hours Ago

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