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Thread: Covid-19s Effect On The Industry

  1. #1

    Default Covid-19s Effect On The Industry

    Thought I'd start on thread on various industry happenings for thoughts on how the industry may be affected at large from Covid. Below is a set of data for your assessment of the whole (feel free to send me any updates for addendum)

    Filed for Bankruptcy
    -Neiman Marcus (Bergdorf Goodman, MyTheresa)
    -John Vavatos
    -Aldo
    -J. Crew
    -Bldwn
    -True Religion
    -Forever 21 (2019)
    -Barneys (2019)
    -Black Frame PR (closing)
    -Siren PR (closing after 20 years)

    Considering Bankruptcy
    -J.C. Penney
    -Lord & Taylor
    -Ascena Retail Group (Lane Bryant, Justice, Brooks Brothers, Loft, and Ann Taylor)
    -GNC Holdings
    -Sears
    -Gap Inc.

    Permanent Store Closings
    -Macy's | 125
    -Nordstrom | 16
    -Express | up to 66
    -Christopher & Banks | up to 40
    -New York & Co. | up to 27
    -Chico's | up to 250
    -Destination Maternity | 183

    Layoffs
    -Condé Nast | 100 layoffs, 100 furloughs
    -Grailed | over 13 employees
    -Highsnobiety | 51, roughly 25% of staff, mostly new hires for their retail venture which obviously is not the best time to launch
    -StockX | 100 layoffs
    -TheRealReal | 235 layoffs
    -Everlane | 227 layoffs
    -Rent the Runway | All retail staff
    -Canada Goose | 125 layoffs
    -Clarks | will cut* (900 jobs)


    Fashion Week
    -London | will have a variety of digital offerings
    -Paris & Milan | reports say that they will have live streamed shows
    Last edited by Ahimsa; 05-26-2020 at 08:32 AM. Reason: Updated

  2. #2
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    You can add these to the complete closure list:
    BLDWN
    Best Made
    Lord & Taylor (I'm hearing they're done but haven't announced it officially)

    Also, Nordstrom just announced yesterday they're closing 16 "full-line" stores.
    Also, Bergdorf Goodman is a part of Neiman's.

  3. #3

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    Grailed staff getting laid-off? That is some news.

  4. #4
    kitsch killer Faust's Avatar
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    Thank you, Ahimsa!
    Fashion is a form of ugliness so intolerable that we have to alter it every six months - Oscar Wilde

    StyleZeitgeist Magazine

  5. #5

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    Quote Originally Posted by Faust View Post
    Thank you, Ahimsa!
    I'm honestly surprised that no one's really covering this to this extent - or maybe not since fashion always wants to keep up the image.

    Significantly of note to me here, is how the resale businesses don't seem to be fairing any better than retail - taking a look at StockX, TheRealReal, and Grailed facing significant staff layoffs.

  6. #6

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    Why do you think they should be? At a time the only occasion for fashion is partying at Cali/FL beaches in bikini or naked.

    But speaking of which, this is why I'm kinda beginning to see Trump's point of choosing reopening over human lives, although I'm by no means anti-humanitarian and by and large have a hard time appreciating the grestest president in history.
    Last edited by 13we2; 05-15-2020 at 02:45 PM.

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