The CARES Act and How it Impacts the Fashion Industry

New York - Recent figures show that a record 6.6 million people applied for unemployment. While the fashion industry’s priority should be to keep workers on payroll, it is a tall order for retail workers whose jobs cannot be done from home. U.S. businesses, however, are not without options in terms of getting the financial help they desperately need to survive. Within the past week, the United States government, the State of New York and the City of New York adopted legislation intended to provide economic relief to businesses and individuals impacted by the COVID-19 emergency.