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Clothing Stores: COVID-19

Clothing Stores Face Falling Sales During COVID-19 Crisis

US retail sales in clothing stores fell by over 50% in March 2020 versus the previous year. Several retailers such as J C Penny, J. Crew, and Neiman Marcus have filed for chapter 11 bankruptcy while others are deferring commercial rent payments until they can reopen. This is putting increased pressure on mall operators who may not be able to safely reopen all of their properties. Simon Property Group has reopened 77 of its 209 US properties so far while Macerich has reopened 13 of 52 properties. 

Several retailers are stuck with last season’s unsold merchandise and many are offering heavy discounts to encourage sales. Storing unsold stock until next year can be a risky move for clothing retailers operating in a trend-driven industry. As a result, it is likely that more clothing stores will turn to off price retailers like TJX, Ross Stores and B.J. Wholesale to offload unsold stock. Once clothing stores reopen, many customers will be wary of entering stores and may continue to prefer to shop online. Retailers could consider promoting click and collect orders as a way to encourage customers to return to their stores. 

We have included a selection of our most popular market research on clothing stores below.

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Clothing and Clothing Accessories Stores Global Market Report 2020-30: COVID- 19 Impact and Recovery

1

Clothing and Clothing Accessories Stores Global Market Report 2020-30: COVID- 19 Impact and Recovery

  • ID: 5023933
  • Report
  • 300 Pages
  • Region: Global
  • The Business Research Company
Clothing Stores

3

Clothing Stores

  • ID: 1052410
  • Report
  • 10 Pages
  • Region: United States
  • First Research
Miscellaneous Clothing Stores World Report & Database

4

Miscellaneous Clothing Stores World Report & Database

  • ID: 4903490
  • Report
  • 2139 Pages
  • Region: Global
  • DataGroup Booksellers
Family Clothing Stores in the US - Industry Market Research Report

5

Family Clothing Stores in the US - Industry Market Research Report

  • ID: 239579
  • Report
  • 38 Pages
  • Region: United States
  • IBISWorld

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