Coronavirus Morning News Brief – Aug. 30: Shoppers Are Over Leisure- and Pandemicwear, China Places Millions Under Lockdown


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News Snapshot:

Good morning. This is Jonathan Spira reporting. Here now the news of the pandemic from across the globe on the 873rd day of the pandemic. Even though we remain in the midst of a raging pandemic, one thing has become clear: Leisurewear is out of fashion. Yes, pandemicwear is out of fashion and clothing retailers are failing to see a return to pre-pandemic levels, even though other segments are showing signs of recovery. While it’s easy to frame this as a case of inflationary pressure, it’s more than shoppers don’t want the goods stores have in stock. Even though people...