Views: 0 Author: Site Editor Publish Time: 2020-04-27 Origin: Site
Printing and dyeing mills bearing pressure amid more order cancellations
At present, a trader found that there was no order for a certain sports brand before Jun while that in previous years, orders for the brand's knitted fabrics were received.
It is reported that fabric trade orders cancellation has been transferred to weavers and printing and dyeing factories. Some salesmen in a printing and dyeing factory said that orders cancellation accounted for about 30%.
Various brands cancel orders to suppliers. Primark, the largest fashion retailer in the UK market, canceled all orders; Top Shop parent company Arcadia Group freezes payment to suppliers; Peacocks cancels all orders before Jun 20; New Look stops all production; Debenhams defers payment for one month; And Fossil cancels orders, attacking enterprises in Dongguan.
A slight move in one part may affect the whole situation! In addition, affected by the pandemic, the number of US retail store closures has continued to increase, and market consumption has stalled, making it difficult for manufacturing activities to carry out.