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Ralph Lauren to donate $10 million to Covid-19 relief

Ralph Lauren to donate $10 million to Covid-19 relief

Ralph Lauren has joined the fashion community in its support for the struggle against Covid-19, with a multi-faceted $10 million donation to several organizations.
Fashion
Intu says just 29% of rents are paid, Puerto Venecia sale completion delayed

Intu says just 29% of rents are paid, Puerto Venecia sale completion delayed

Struggling malls giant Intu issued a further update on Thursday and said that all of its centres in the UK and Spain “are operating on a semi-closed basis”. And many rents remain unpaid by its tenants
Fashion
Reebok and Victoria Beckham launch a collection combining high performance and minimalist design

Reebok and Victoria Beckham launch a collection combining high performance and minimalist design

At a time when lockdown orders have made laid-back looks more prevalent than ever, Reebok and Victoria Beckham have unveiled a third installment in their ongoing collaboration with the "Essential Purism" collection.
Lifestyle
Retail landlord Hammerson to hold virtual AGM

Retail landlord Hammerson to hold virtual AGM

The shopping centre owner, whose portfolio of leading retail destinations include Brent Cross, Grand Central and the Bullring, is observing the government’s ban on all non-essential travel within the UK.
Lifestyle
Marimekko in staff lay-off talks as more stores shut

Marimekko in staff lay-off talks as more stores shut

Marimekko is accelerating its measures to adapt to the coronavirus outbreak. It's extending its store closures to Finland and Sweden this week and talking to staff about temporary lay-offs.
Fashion
Dunelm joins UK retailers seeking rent reductions, delays

Dunelm joins UK retailers seeking rent reductions, delays

Home furnishing retailer Dunelm on Tuesday was the latest major UK retailer to say it was launching talks with its landlords on rent reductions, as the crisis has forced it to shut all stores.
Lifestyle
LVMH denies planning to buy Tiffany shares on the open market

LVMH denies planning to buy Tiffany shares on the open market

LVMH has denied planning to buy Tiffany shares on the open market, contradicting market rumors stating that they were about to do exactly that, after the US jeweler's stock price fell on the New York Stock Exchange.
Fashion
Cath Kidston seeks urgent buyer as Covid-19 bites - report

Cath Kidston seeks urgent buyer as Covid-19 bites - report

Cath Kidston needs to find a buyer urgently, a news report said at the weekend. The company is believed to have called in Alvarez & Marsal (A&M) to conduct an urgent review of its options and ask for fast bids.
Fashion
M&S fashion ops take coronavirus hit, stays upbeat but plans for "severe impact"

M&S fashion ops take coronavirus hit, stays upbeat but plans for "severe impact"

M&S's fashion business is suffering even though its grocery operation is seeing an uplift. It's now planning for a prolonged clothing downturn but said it has plenty of cash to see it through.
Fashion
Next could lose £1bn in sales from coronavirus but stays confident on long term

Next could lose £1bn in sales from coronavirus but stays confident on long term

Next delivered full-year results on Thursday and presented several 'stress tests' for potential sales falls this year. Saying "people do not buy a new outfit to stay at home," it said the worst case means a £1bn drop.
Fashion
Coronavirus batters Brazilian retail, travel and factories

Coronavirus batters Brazilian retail, travel and factories

The new coronavirus outbreak hammered Brazilian retail, transport and manufacturing on Wednesday, and the government stopped accepting Venezuelan refugees at the border.
Lifestyle
As world cowers, China glimpses coronavirus aftermath

As world cowers, China glimpses coronavirus aftermath

Restaurants are reopening, factories are stirring, and in one of the clearest signs yet that China is awakening from its coronavirus coma, the country's "dancing aunties" are once again gathering in parks and squares.
Lifestyle
As China's coronavirus outbreak eases, a wary return to shops for consumers

As China's coronavirus outbreak eases, a wary return to shops for consumers

As shops shut their doors across Europe and the United States, in China the sharp drop in new coronavirus cases has encouraged consumers to venture back into malls and restaurants.
Lifestyle
Laura Ashley to call in administrators as coronavirus is last straw

Laura Ashley to call in administrators as coronavirus is last straw

Only yesterday, Laura Ashley was still seeking an emergency cash injection to keep it going and talking about a sales improvement. But as of today, the company is filing for administration. Some 2,700 jobs are at risk.
Fashion
As UK footfall plunges, Debenhams seeks rent holiday

As UK footfall plunges, Debenhams seeks rent holiday

Debenhams has requested a five-month suspension of rent payments from its landlords as the coronavirus pandemic creates an existential threat to many already-struggling retail businesses.
Fashion
Laura Ashley sales surge, but it needs urgent funding by end of month

Laura Ashley sales surge, but it needs urgent funding by end of month

Struggling Laura Ashley was one of few retailers to have good news in its latest trading update on Monday. It said the six weeks to March 7 saw its total sales rising 27.7% year-on-year with gross profit rising 22.2%. 
Fashion