As stores closed across Europe and the United States in March and April in response to the new coronavirus, many fashion brands and retailers cancelled orders for clothes, bags, and shoes worth billions of dollars from Asian garment factories, forcing them to close and lay off hundreds of thousands of workers.
FILE PHOTO: Mg More, President of the Myan Mode garment factory union, looks at a contract in front of his hostel, in an industrial zone on the outskirts of Yangon, Myanmar April 24, 2020. REUTERS/Myat Thu Kyaw/File Photo
Following is a list of companies, the status of their orders with Asian garment makers and the companies’ comments on the situation.Order status: Sent a letter to suppliers in March cancelling all orders through to June. Later backtracked, promising to pay for 93% of orders that are finished or in production and negotiate settlements for the remaining 7%. Has started to discuss new orders.
Comment: “Based on our discussions, we estimate that such exceptions will amount to less than 2% of our estimated annual private brand apparel orders in Bangladesh.”Comment: “We are focused on reducing expenses while doing what is in the best interest of our employees, customers and partners, as well as the long-term health of our company.
Comment: “We have paid for all shipped products and for the vast majority of orders we will pre-pay for all garments and committed fabric - which is the most expensive cost for a supplier - and across all our partners we will aim to ensure that no fabric goes to waste and is used at a later date.
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