The United States Announced Its Formal Withdrawal From Who, And The Local Textile And Garment Industry May Suffer Another Blow

According to foreign media reports, on July 7 local time, a number of U.S. officials confirmed that Congress had received a notification from the trump administration that the United States officially withdrew from who. It will come into effect on July 1, 2027, by the Secretary General of the United Nations. Bob Menendez, a member of the Foreign Relations Committee of the US Senate, wrote on social media that the Congress had received a notification from the trump administration that the United States would withdraw from who during the new coronavirus pandemic. He said that this will not protect the lives and interests of Americans, but will make them more vulnerable and isolated.

As of 08:00 on July 8, 3088996 cases of new coronavirus pneumonia were diagnosed in the United States, 1348248 cases were cured, 133845 cases were dead, and 1606903 cases were diagnosed. In terms of real-time data, the United States is still a disaster area. Despite the rebound of the epidemic, US President trump said on July 7 that the United States "will not close, never close", and once again demanded that the United States fully reopen. Due to the dual impact of the epidemic situation and policies, the three major U.S. stock indexes fell on Tuesday. The Dow fell 1.51% to close at 26000, closing at 25890.18; the NASDAQ fell 0.86% to 10343.89; the S & P 500 index fell 1.08% to 3145.32.

At present, the real economy of the United States is in hot water. According to business insider's analysis, so far, U.S. retail companies have confirmed that they plan to close at least 4300 stores by 2020, among which many textile and garment enterprises have "collapsed" due to the epidemic.

GAP

Gap will close hundreds of gap branded stores, as well as other brands such as old navy and ATHLETA. The company said in February 2019 that it plans to close about 230 gap stores in the next two years. Gap recently said it had closed about 130 offices in 2019 and the rest of the deal is expected to be completed by 2020.

Victoria's Secret

L brands, the parent company of Victoria's secret, said in May that it plans to close 251 stores in the United States and Canada by 2020. 238 of them are in the United States.

Forever 21

After filing for bankruptcy protection in September last year, Forever 21 said it expected to close 350 stores worldwide, including 178 locations in the United States.

The remaining stores will be closed by 2020, according to company filings.

Modell's

U.S. sports brand retailer Modell filed for bankruptcy protection in March and said it plans to close all 153 of its stores.

J. Crew

Since bankruptcy, crew, a well-known clothing retailer in the United States, applied for the protection of a well-known clothing brand in the United States on April.

Lucky Brand

Lucky Brand, an American jeans company, recently announced that it is applying for bankruptcy protection, and the store will remain open in the process. It is reported that lucky brand has 112 professional retail stores and 98 Direct stores in North America.

Chico's

Women's clothing retailer Chico's said last year it plans to close about 250 stores in three years, including 100 Chico stores, 90 White House black market stores and 60 soma stores.

As of November 2, the company has closed 49 stores and is expected to close about 200 more this year.

Wilsons Leather and G.H. Bass

G-III clothing group, which owns DKNY, Donna Karan, Calvin Klein, Tommy Hilfiger and other brands, said in June it plans to close 110 Wilson leather stores and 89 G.H.

The reopening time of bass store is determined according to the situation of coronavirus epidemic.

Destination Maternity

Destination mate, the world's largest maternity group, filed for bankruptcy protection in October and said it plans to close 183 stores in the United States, Canada and Puerto Rico.

Macy's

Macy's said in February that it plans to close 125 stores and cut thousands of company jobs over the next three years as part of a cost saving program.

Guess

Guess said in June that it plans to close about 100 stores in the United States and China over the next 18 months.

Carlos Albertini, chief executive of guess, announced the closure on a earnings call. "Based on our business model, recent store performance and expected demand show that we can optimize store portfolios around the world to improve profitability," he said At present, 9% of stores are closed.

The company has stores with the same brand name and motherhood materntity brand.  

Olympia Sports

Olympia sports brand said in October that it plans to close 76 stores after it was acquired by sports retailer jack rabbit. The stores will close in 2020.

Some professional organizations have predicted that the number of stores to be closed in the United States will exceed 15000 in 2020. Among them, 25% to 60 000 stores will be declared closed in the United States by 2020, but the latest survey shows that 2.55% of the stores will be closed in the United States. Industry insiders analyze that if the local government does not take effective epidemic control measures, then the epidemic will make more shops in danger of closing.