True Religion returns even as consumers have little faith in denim

Cons. Discr. - Apparel 375 Cons. Discr. - Retailing 313 Coronavirus 434 Financing 110 U.S. 4649

True Religion has completed its Chapter 11 financial restructuring, though the denim retail specialist faces a challenging environment in the wake of the COVID-19 pandemic. U.S. seaborne shipments linked to the firm restarted since the start of August, though total U.S. seaborne imports of denim clothes fell by 16.5% year over year in Q3’20 including a drop in shipments linked to Levi Strauss. Not all importers have seen a downturn though. Shipments linked to Ascena Retail, which is working through its own financial restructuring, improved by 22.1% in September. Imports associated with H...

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