Textile Market May Have a Long Slog: Whether it is producing luxury goods in the North, or leather and jewelry in the South, Italy’s production has come to a standstill. The U.S. textile and apparel industry is a nearly $70 billion sector when measured by value of industry shipments. With more than 340,000 jobs, the U.S. industry manufactures textile raw materials, yarns, fabrics, apparel, home furnishings, and other textile finished products. These changes may affect the impact of the virus on the industry, as well as the speed at which it recovers. Apple has reopened 42 stores in China and malls are also beginning to see more foot traffic.

Source: Forbes March 20, 2020 19:07 UTC