The Swedish retailer will speed up store closures while reducing planned openings, leading to a net decline of 40 this year.
The busy Herald Square location has been closed since March 17 to prevent the spread of the coronavirus.
Today’s unruly crop of eco-labels are puzzling customers and proving too expensive and time-consuming for manufacturers to apply for. But as the sustainability certification sector evolves, solutions are emerging.
“After a hurricane, the sun comes out again,” said the designer, who is using confinement to take stock after a period of rapid growth.
Galy won the biggest award, but prizes also went to Werewool, TextileGenesis, SeaChange Technologies and Fairbrics.
“Demand for apparel is likely to be subdued in the near term,” an analysis of data by RBC shows.
The H&M veteran will manage commercial operations for the restructuring jeweler.
The Swedish fast-fashion retailer noted subdued demand in functioning markets and a significant negative impact from store closures.