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Clothing, accessories, and footwear worth tens of billions of dollars remain unsold due to a fall in sales in March and April.

Abercrombie & Fitch is another major retailer that has begun a partnership with ThredUp, a company specializing in online sales of used fashion garments.

Swedish retailer H&M was ranked number one in the Fashion Transparency Index 2020 with a score of 73 out of 100 possible.

For an American producer of meat substitutes, this will be the first entry into the Chinese market.

The owner of a chain of luxury American department stores Neiman Marcus can file for bankruptcy as early as this week.

One of the conditions for approving the loan is the suspension of dividend payments for the entire term of the loan.

The owner of IKEA reported a 60% drop in sales amid a coronavirus pandemic and a tenfold increase in online sales.

The country has made significant progress in the fight against the epidemic, and the current situation makes it possible to open stores.

After the closure of all its locations in the U.S. and Canada, the company is moving to a new stage, and some establishments may start accepting orders.

Visitors to the center can take free tests and have a virtual consultation with medical staff.

The money prize for the authors of the best works will be 20 thousand dollars.

Spanish company Inditex, best known for its Zara brand, plans to resume its activities gradually.