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DUBLIN, June 4, 2020 /PRNewswire/ -- ResearchAndMarkets.com published a new article on the retail industry "Clothing Stores Face Falling Sales During COVID-19 Crisis" US retail sales in clothing stores fell by over 50% in March 2020 versus the previous year. Several retailers such as J C Penny, J. Crew, and Neiman Marcus have filed for chapter 11 bankruptcy while others are deferring commercial rent payments until they can reopen. This is putting increased pressure on mall operators who may not be able to safely reopen all of their properties. Simon Property Group has reopened 77 of its 209 US properties so far while Macerich has reopened 13 of 52 properties.Several retailers are stuck with last season's unsold merchandise and many are offering heavy discounts to encourage sales. Storing unsold stock until next year can be a risky move for clothing retailers operating in a trend-driven industry. As a result, it is likely that more clothing stores will turn to off price retailers like TJX, Ross Stores and B.J. Wholesale to offload unsold stock. Once clothing stores reopen, many customers will be wary of entering stores and may continue to prefer to shop online. Retailers could consider promoting click and collect orders as a way to encourage customers to return to their stores. To see the full article and a list of related reports on the market, visit "Clothing Stores Face Falling Sales During COVID-19 Crisis" About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets Laura Wood, Senior Manager [emailprotected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 SOURCE Research and Markets Related Links http://www.researchandmarkets.com

Answer: Clothing Stores Significantly Impacted by the COVID-19 Pandemic