Apparel had a particularly rough year in 2020. As noted in Just-Style, top executives expected U.S. textiles and apparel sales could shrink by more than 50% in 2020 due to the coronavirus outbreak. We are seeing this play out with retailers such as J. Crew and Brooks Brothers filing for bankruptcy and America's first department store, Lord & Taylor, going out of business and closing all its stores.
Nike, Adidas, Under Armour: A Routine Brand Health Check Reveals Surprises
