Daily Links: March 31, 2020

  1. Burberry Transforms Its Yorkshire Trench Coat Factory To Make Surgical Gowns And Masks The list of fashion and beauty brands pivoting their businesses to help fight the outbreak of COVID-19 is ever extending. And this morning Burberry announced it would also be dedicating its resources as a business to support those impacted by coronavirus and to prevent further infection. Read more on Evening Standard
  2. Fashion, Luxury Sales Expected to Drop by $450 to $600 Billion in 2020 Due to COVID-19 Boston Consulting Group has reworked its estimate of the what the impact of COVID-19 will be for luxury goods sales, upping its initial figures of $32 to $43 billion in lost sales for 2020 to $85 and $120 billion for the year. The global management consulting firm further projects that taken together, the fashion and luxury sectors, will be down by between $450 and $600 billion in sales, as brands and retailers are being hit by upended supply chains and drastically slashed consumer spending. Read more on The Fashion Law
  3. 3 Re-Commerce Sites On How They’re Handling Buying and Selling During the Coronavirus Cleaning out your closet is one of the most productive and mind-busying activities you can do amid the coronavirus pandemic, and many indeed are. As a result, piles of used clothing and accessories are mounting. But the big question? Can you sell used items during the coronavirus? With non-essential services shutting down nationwide, it would seem as though operations at re-commerce sites The RealReal, Vestiaire Collective, and Fashionphile would, too. But in fact, they’re staying open, though their day-to-day business operations are shifting to comply with social distancing regulations. Furthermore, if you’re the type to shop vintage and secondhand and want to support your favorite re-commerce sites right now, you might be wondering if it’s safe to buy from these sites. The short answer? Yes. But we’ll dive into this a bit deeper ahead. Read more in Popsugar
  4. Madewell Just Got More Sustainable Today, in anticipation of Earth Month, Madewell has announced four new sustainable initiatives, each of which will help to solidify its role as one of the industry’s most forward-thinking denim brands. Read more on Refinery 29

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