From small labels to recognized ones, all are fighting the survival of pandemic. Not a day goes by when another fashion company announce bankruptcy. According to Fashion Network:

Los Angeles label Denim of Virtue announced the closure

True Religion filed for bankruptcy, so did John Varvatos

Nike reports loss of $790 million

Tommy Hilfiger and Calvin Klein experience losses totaling $1.1 billion

Centric Brands filed for bankruptcy

Guess is closing 100 stores in the next 18 month

Victoria’s Secret is experiencing difficulties

Diane von Furstenberg closed down 18 of its 19 stores

Marc Jacobs let go nearly 60 employees

Brook Brothers is close to bankruptcy

Sies Marjan closed down

Opening Ceremony out of business

The pandemic is killing the economy . As for the recovery it could be longer and tougher than predicted.