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Guess furloughs half U.S. and Canada corporate staff, stores closed indefinitely

Guess furloughs half U.S. and Canada corporate staff, stores closed indefinitely

Guess is the latest American fashion retailer to announce that it is furloughing a significant part of its store and head office employees, as the Covid-19 crisis forces its stores to stay closed indefinitely. 
Fashion
Crocs, G-III and Ascena announce further measures to deal with coronavirus crisis

Crocs, G-III and Ascena announce further measures to deal with coronavirus crisis

Extended store closures, furlough programs and base salary reductions are just some of the measures announced by U.S.-based fashion retailers such as Crocs, Ascena and G-III since the start of the week.
Fashion
M&S to see fashion sales plunge say analysts

M&S to see fashion sales plunge say analysts

Analysts at Goldman Sachs have said they expect clothing & home division sales at Marks & Spencer to fall by up to 60% in the three months to the end of June. 
Fashion
Zalando makes Connected Retail deal more affordable to support physical stores

Zalando makes Connected Retail deal more affordable to support physical stores

Zalando has announced an expansion of its Connected Retail program to help physical shops continue their businesses during the coronavirus crisis. 
Fashion
Iconix slips deeper into loss

Iconix slips deeper into loss

The New York-based brand management company announced a net loss of $95.0 million in the fourth quarter on Monday, widening from the loss of $69.1 million reported by the group in the same period in the previous year.
Fashion
Brooks Brothers to start manufacturing masks to fight spread of coronavirus

Brooks Brothers to start manufacturing masks to fight spread of coronavirus

As the Covid-19 pandemic continues, the historic American fashion retailer announced on Monday that it will begin manufacturing up to 150,000 surgical masks per day in its U.S.-based factories.
Fashion
Arcadia pauses pension top-ups to conserve cash

Arcadia pauses pension top-ups to conserve cash

Like many other companies, Arcadia is taking steps to preserve liquidity to ensure it can survive amid temporary store closures and uncertainty. The top-ups will be deferred for at least three months.
Fashion
Deichmann, H&M and Adidas: More retailers stop paying rent

Deichmann, H&M and Adidas: More retailers stop paying rent

More and more well-known retail companies are holding back rent payments in Germany after being forced to close their stores in the fight against the coronavirus pandemic.
Fashion
Monsoon Accessorize mulls sale as improving trade derailed by Covid-19

Monsoon Accessorize mulls sale as improving trade derailed by Covid-19

Monsoon Accessorize had been seeing improving sales but has been hit by the Covid-19 outbreak and is now exploring options that include a possible sale of the business. 
Fashion
Mothercare says transformation plan is working but Covid-19 hits revenues

Mothercare says transformation plan is working but Covid-19 hits revenues

Mothercare said it continues to make big progress with its transformation plan, but Covid-19 is having an impact and has delayed final contracts being signed for its Boots franchise deal, as well as hurting sales.
Fashion
Ted Baker names Osborne permanent CEO

Ted Baker names Osborne permanent CEO

Ted Baker has finally found its new CEO with Rachel Osborne taking on the role permanently after several months as caretaker chief executive. 
Fashion
River Island closes distribution centre

River Island closes distribution centre

River Island has added its name to the growing list of fashion brands that have halted online operations to allow warehouse staff to stay at home.
Fashion
Another raft of Jack Wills stores axed

Another raft of Jack Wills stores axed

The gradual shrinking of the Jack Wills chain is continuing with news on Thursday that another 17 of the shops are being permanently closed.
Fashion
Sainsbury's moves to support concession tenants

Sainsbury's moves to support concession tenants

Sainsbury's has said that it's working hard to support its suppliers and partners and is also pledging support for its concession partners that include fashion retailers.
Fashion
Fashion e-tailers refute social distancing criticism, Next, Net-A-Porter shut e-stores

Fashion e-tailers refute social distancing criticism, Next, Net-A-Porter shut e-stores

UK fashion e-tail is facing a steady shutdown as some well-known names respond to criticism of the efforts they’re making to keep warehouse staff and other workers safe.
Fashion
Condé Nast pushes luxury conference back three months to end July

Condé Nast pushes luxury conference back three months to end July

The next Condé Nast Luxury Conference, scheduled for April, has been pushed back three months to end July, the latest major postponement in fashion due to impact of the coronavirus pandemic.
Fashion