FOX Business’ Cheryl Casone breaks down April’s retail sales numbers.
As the high-end retail industry gears up for summer and fall collections, many retailers are grappling with severed supply chains due to the coronavirus outbreak, which has shuttered luxury designers worldwide.
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When the pandemic rippled across Europe in March, the resulting shutdown forced major fashion brands to halt manufacturing, penetrating the international retail market on all scales.
SMALL NYC CLOTHING SHOP DEFIES CORONAVIRUS CLOSURE
“A lot of Italian factories were shut down for quite a while, and most of our clothing is made in and imported from Italy, France or the U.S.” Laura Vinroot Poole, owner of Capitol, a luxury clothing boutique in Charlotte, North Carolina and Los Angeles., told FOX Business.
Capitol, the vanguard of couture and lavish apparel, is known for its curated mesh of top-name brands and up-and-coming independent designers from around the world. Major fashion influencers, celebrities and trendsetters travel across the country to discover new fashions and exquisite labels that the store brings in each season. The store houses iconic Italian and French labels including Gucci, Dolce & Gabbana, Giambattista Valli, Isabel Marant, and Alexandra Golovanoff.