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Almost half of UK firms to put staff on furlough next week

Almost half of UK firms to put staff on furlough next week

Some 47% of UK firms are planning to furlough at least half of their workforce in the next week, as lockdown measures continue to take a toll on companies’ finances.
Others
Retail organisations to raise £10m to support shop workers

Retail organisations to raise £10m to support shop workers

The campaign, ‘CaRe 20 – Caring for Retail during COVID-19’, will provide financial, emotional, physical and vocational support to shop workers facing financial distress as a result of the coronavirus shutdown.
Others
UK consumer confidence is down, but worse is to come says GfK

UK consumer confidence is down, but worse is to come says GfK

It may come as no surprise, but UK consumer confidence has fallen in the latest month with the coronavirus lockdown also forecast to create a further slide in the way consumers feel.
Others
Ex-Hearst UK chief and GFW chair Terry Mansfield dies

Ex-Hearst UK chief and GFW chair Terry Mansfield dies

Terry Mansfield, one of the UK’s heavyweights in glossy magazine publishing and also the former chairman of Graduate Fashion Week, died at the weekend after contracting the coronavirus.
Others
Covid-19 is challenge for supermalls as well as smaller spaces says British Land CEO

Covid-19 is challenge for supermalls as well as smaller spaces says British Land CEO

​Retail destinations of all sizes will bear the brunt of the economic downturn caused by the health crisis as more and more tenants seek rent holidays, warned Chris Grigg, CEO of British Land.
Others
One in five Britons fear a coronavirus depression - YouGov

One in five Britons fear a coronavirus depression - YouGov

One in five people in Britain fear an economic depression because of the impact of coronavirus and a further 52% expect the country’s economy to be in recession within a year, a poll by YouGov showed on Monday.
Others
What do consumers expect from brands in coronavirus crisis?

What do consumers expect from brands in coronavirus crisis?

Market research firm Kantar has carried out a survey of the expectations of 25,000 interviewees in 30 countries, to help consumer goods companies adjust their communication strategies in a coronavirus-hit world.
Others
Wolford joins push to make medical masks for hospitals, staff and consumers

Wolford joins push to make medical masks for hospitals, staff and consumers

Hosiery and intimates specialist Wolford has shifted production at its HQ in Bregenz, Austria, and its factory in Slovenia from tights and bodies to face masks.
Fashion
Gift cards see sharp rise as UK consumers celebrate their birthday in isolation

Gift cards see sharp rise as UK consumers celebrate their birthday in isolation

Gifting is seeing a dramatic change in consumer behaviour as consumers prepare to celebrate everything from their birthdays, Father’s Day and Easter in isolation.
Others
Valentino Garavani and Giancarlo Giammetti donate €1 million to Covid-19 relief

Valentino Garavani and Giancarlo Giammetti donate €1 million to Covid-19 relief

Designer Valentino Garavani and his business partner Giancarlo Giammetti are donating €1 million to support the fight against the coronavirus, the latest Italian designers to join the struggle against the pandemic.
Fashion
Good PR during crisis is key to post-coronavirus consumer approval says analyst

Good PR during crisis is key to post-coronavirus consumer approval says analyst

The very public apology made by Frasers CEO Mike Ashley on Friday underlines the importance of good PR during the coronavirus crisis and an analyst has said that "exemplary ethics will pay off" once the outbreak is over.
Fashion
Intu in crisis talks to avoid collapse, could sell some UK malls

Intu in crisis talks to avoid collapse, could sell some UK malls

Lakeside owner Intu is seeking emergency support from its lenders and the UK government after news that less than a third of quarterly rents it’s owed have been paid.
Fashion
Tapestry extends store closures, boosts financial flexibility on ramped up Covid-19 relief effort

Tapestry extends store closures, boosts financial flexibility on ramped up Covid-19 relief effort

The company is working to support its staff, contribute to pandemic relief efforts, and boost its financial flexibility by drawing down from its revolving credit facility, suspending its quarterly cash dividend and more.
Luxury
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
Coty starts making hand sanitizer to help fight Covid-19

Coty starts making hand sanitizer to help fight Covid-19

Production and donations are expected to reach tens of thousands of units per week, the company said, and the sanitizer will go to health care workers free of charge. 
Beauty
Some stores might never reopen says analysts, landlords also at risk

Some stores might never reopen says analysts, landlords also at risk

With thousands of shops across the UK having been forced to close, there have been warnings that some might never reopen, even after the coronavirus lockdown ends.
Fashion