By Kristi Ellis and Khanh T. L. Tran
Julia Hughes, president of the U.S. Fashion Industry Association, said one of her member companies already has paid more than $5 million in extra costs.
“That’s not even looking at the cost associated with not getting your merchandise delivered on time [when] brands have chargebacks,” Hughes said. “We are clearly looking at millions of dollars, so far, in excess fees and charges because of delays, not to mention the impact of not having product in stores or of brands not being able to meet delivery requirements.”