Fashion Parsons College Of Design

But it’s within the growing world, where healthcare methods are often insufficient and poverty is rife, that individuals shall be hit the toughest. For employees in low-cost sourcing and fashion-manufacturing hubs, such as Bangladesh, Cambodia, Ethiopia, Honduras, and India, prolonged periods of unemployment will imply hunger and disease. In the United States alone, some 20,000 to 25,000 stores have been anticipated to shut in 2020, greater than double the quantity that did so in 2019. With the pandemic including to the segment’s woes, many brands have launched into strategic evaluations or have compressed multiyear transformations into only a few months. In 2020, Nike announced the acceleration of its digital technique and investment in its highest potential areas, which it mentioned would result in job cuts in stores.

• Strategically, there shall be an imperative in 2021 to handle commercial opportunities actively and to be acute in picking successful segments, markets, and