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Spain's coronavirus crisis stalls global fashion giant Inditex

Spain's coronavirus crisis stalls global fashion giant Inditex

Inditex has switched its clothes factories in Spain over to making medical supplies and its logistics hub has almost ground to a halt, effectively freezing the nerve centre of its business from which it supplies stores.
Fashion
Fenty presents a capsule in synthetic leather

Fenty presents a capsule in synthetic leather

Launched by Rihanna in collaboration with LVMH in 2019, the Fenty brand has caused a sensation with each new collection.
Fashion
Amazon to delay Prime Day event due to coronavirus, outlines cloud risks

Amazon to delay Prime Day event due to coronavirus, outlines cloud risks

Amazon is postponing its major summer shopping event, Prime Day, until at least August and expects a potential $100 million hit from excess devices it might now sell at a discount, according to notes seen by Reuters.
Fashion
Vera Bradley implements furloughs and compensation cuts in face of Covid-19

Vera Bradley implements furloughs and compensation cuts in face of Covid-19

Following the extension of the temporary closure of the American company’s retail stores, Vera Bradley has announced a series of measures designed to preserve its financial liquidity, including furloughs and salary cuts.
Fashion
Debenhams mulls new administration filing - report

Debenhams mulls new administration filing - report

Debenhams is reportedly thinking of another administration filing soon, with the coronavirus pandemic continuing to devastate the UK retail sector. 
Fashion
Supima design alumni sew and send masks and gowns to medical workers

Supima design alumni sew and send masks and gowns to medical workers

Supima, often dubbed the "cashmere of cotton", has supplied dozens of alumni of its Supima Design Competition with fabric to create masks and gowns for medical workers and organizations in the Covid-19 frontlines.
Fashion
Pitti Uomo postpones June 2020 edition to September

Pitti Uomo postpones June 2020 edition to September

After the serial cancellations of the June men's Fashion Weeks, the benchmark menswear show has announced the postponement of its next summer edition, which is now scheduled to be held in Florence on September 2-4.
Fashion
Primark boss takes 50% pay cut as pandemic lockdown continues

Primark boss takes 50% pay cut as pandemic lockdown continues

Primark became the latest retailer on Friday for its leaders to show solidarity with its workforce as parent company Associated British Foods announced a pay cut for bosses.
Fashion
Fashion is biggest loser as UK retail sales plunge

Fashion is biggest loser as UK retail sales plunge

There were no surprises from the latest BDO monthly High Street Sales Tracker on Friday as the figures showed the worst month on record for retail sales in March and especially for fashion
Fashion
Shoe Zone furloughs thousands of employees, cancels final dividend

Shoe Zone furloughs thousands of employees, cancels final dividend

Budget footwear retailer Shoe Zone saw its shares fall as much as 53% on Friday morning after announcing plans to cancel dividend payments.
Fashion
Bagir to run out of cash, is now assessing options

Bagir to run out of cash, is now assessing options

Troubled tailoring specialist Bagir Group is assessing its options as it said the coronavirus crisis means it has "insufficient cash resources available" and undermined its ability to continue as a going concern.
Fashion
Chanel to host live Angèle performance on Instagram

Chanel to host live Angèle performance on Instagram

The latest brand to reach out to its social media community during the global pandemic is Chanel, which will stage a live performance by Belgian singer Angèle this Friday.
Fashion
Joules raises £15m in share placing to get it through the Covid-19 crisis

Joules raises £15m in share placing to get it through the Covid-19 crisis

Joules has announced the successful completion of a share placing with nearly 19 million new ordinary shares having been placed. It raised £15 million in gross proceeds. 
Fashion
H&M powers ahead in Q1, but Covid-19 sends Q2 into reverse

H&M powers ahead in Q1, but Covid-19 sends Q2 into reverse

Q1 was a good time for H&M and its profits leapt ahead. But Q2 will be loss-making with sales dropping 46% during March as shops in its key markets shut their doors. 
Fashion
Amazon to deploy masks and temperature checks for workers by next week

Amazon to deploy masks and temperature checks for workers by next week

​Amazon.com Inc plans to roll out temperature checks and face masks for staff at all its U.S. and European warehouses by early next week, a huge deployment for workers on the front lines of the coronavirus outbreak.
Fashion
Neiman Marcus advances bankruptcy preparations

Neiman Marcus advances bankruptcy preparations

Neiman Marcus Group is stepping up preparations to seek bankruptcy protection, after the coronavirus pandemic forced the debt-laden U.S. luxury department store chain to close its stores, sources said on Thursday.
Fashion