Retail News

Retailers canceling orders from Asian factories

The Wall Street Journal 03/25/2020

U.S. and European retailers are canceling orders from suppliers in Asia as they wait to reopen stores presently closed as a result of safety measures taken by governments in the face of the coronavirus pandemic. H&M and Primark are among the retailers that have canceled orders. “Our long-term commitment to suppliers will remain intact, but in this extreme situation we need to respond fast,” said Ulrika Isaksson, an H&M spokesperson.

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