Share this Story: Global garment makers unite to demand better terms from retailersGlobal garment makers unite to demand better terms from retailersArticle content DHAKA/LISBON — Garment makers in nine countries spanning Asia, the Middle East and North Africa have banded together to demand better contract terms from global clothing retailers, according to a draft document seen by Reuters. Try refreshing your browser, or Global garment makers unite to demand better terms from retailers Back to video Global retailers including Arcadia, Gap, Kohl’s , and Primark canceled or paused orders with garment-making factories in Bangladesh worth almost $3.7 billion in March and April last year, the results of a local survey of factories seen by Reuters showed. That faith has been lost.” Global retailers lost $1.2 trillion in sales in 2020, a 3.9% drop, according to research firm Forrester, as global lockdowns decimated demand and shut stores for months on end. In anticipation of lower sales, other retailers imposed discounts on orders already in production. Garment suppliers hope to tip the balance of power in their favor, more fairly distributing risk in the event of another unforeseen disruption to sales.

Source: The North Africa Journal April 01, 2021 06:00 UTC