Macy's Inc said on Tuesday it planned to raise $1.1 billion (£893.36 million) in a bond offering, backed by a first mortgage on some of its properties, to repay funds borrowed under a revolving credit facility.
Designers are clamoring for a radical change in the fashion system; for less seasons and shows and later fashion week dates. But Carlo Capasa, president of the Camera, still expects to have four Fashion Weeks per year.
There are big questions around how keen consumers will be to return to physical shops once non-essential UK stores reopen in the middle of June, but the indications so far are that there's plenty of pent-up demand.
Fashion shops can open next month, but a senior minister has suggested that changing rooms could be off limits. And footwear chain Kurt Geiger has already said it will quarantine shoes that have been tried on.
A Bangladeshi garment-makers' trade body is threatening to stop production for EWM over claims millions of pounds are owed to factories. But EWM said most stock has been paid for and deals reached on other orders.
Japanese casual clothing chain Uniqlo, owned by Fast Retailing, said it plans to sell face masks made of fabric used for its Airism underwear line in response to strong demand for protective gear for the coronavirus.