US fashion firms struggle amidst trade wars

US fashion firms struggle amidst trade wars

Aug 05, 2020

415 Views

0 comments

Retail is without a doubt one of the worst-hit industries in the US economy, and fashion is a major extension of this considering the volume of sales attributed to this distribution channel. Clothing retail sales in the US contracted by over 40 per cent in the first five months of 2020. This industry was already lagging behind, and the pandemic has only made things worse. However, jobs lost were being added, especially seasonal jobs, and according to a recent survey, 57 per cent of retail workers stated their optimism for the industry to pick up. Read the details here

Previous days news

Comments

    Article
    7 Signs That Tell You It’s Time to Quit Your Current Job

    Last year, about 4,478,000 workers, which is approximately 3% of the workforce in the US (besides t ...

    I-9 Compliance for Remote Employees - A Guide for Companies

    More than 50% of the US workforce is working remotely as of now. According to experts, about 25-30% ...

    Don’t Fall Prey to These Job Scams

    When people are looking frantically for employment, scammers get a chance to exploit their weakness ...

    Top 5 Challenges of HR Professionals During COVID-19 Pandemic

    When it comes to the talks of the unemployment rate due to COVID-19, experts compare it to the Grea ...

    Show more news