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Major Japan department stores book worst-ever sales slump in March

Major Japan department stores book worst-ever sales slump in March

Some of Japan’s biggest department store owners on Wednesday reported an unprecedented slump in March sales as the coronavirus outbreak hit tourism and forced stores to shorten their operating hours.
Fashion
MySale says more product available due to store closures, March sales improve

MySale says more product available due to store closures, March sales improve

Half-year results for MySale Group on Wednesday looked weak. But the firm also said it’s been boosted by current market volatility with more product available to it and more brands wanting to sell via its marketplace.
Fashion
Laura Ashley makes redundancies, sale talks continue

Laura Ashley makes redundancies, sale talks continue

Laura Ashley’s administrators have made 268 head office and back office staff redundant with the remaining store staff now on furlough as all of its shops are currently shut.
Fashion
Hong Kong February retail sales plunge 44% year-on-year as coronavirus spreads

Hong Kong February retail sales plunge 44% year-on-year as coronavirus spreads

Hong Kong’s retail sales fell by a record 44% in February from a year earlier, as travel restrictions kept tourists away and residents avoided shopping centres to prevent the spread of the coronavirus.
Fashion
Milan Furniture Fair postponed to April 2021

Milan Furniture Fair postponed to April 2021

Milan’s internationally renowned home decoration and design trade fair has suspended its 2020 edition due to the Covid-19 emergency, rescheduling it to April 13-18 2021, when it will celebrate its 60th anniversary.
Lifestyle
Furniture giant Ikea making masks to help fight coronavirus

Furniture giant Ikea making masks to help fight coronavirus

Furniture giant Ikea is producing face masks and other protective gear for hospitals, joining a growing list of companies branching out of their normal areas to help meet equipment shortages.
Lifestyle
Hammerson rents fall short across Europe, reassures on liquidity

Hammerson rents fall short across Europe, reassures on liquidity

Malls giant Hammerson said Monday it has received “a variety of requests for rent deferrals, which we are reviewing on a case-by-case basis” across its properties in the UK, Ireland France and other European countries.
Fashion
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