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Retailer alert: UK consumer confidence dives as lockdown goes on says GfK

Retailer alert: UK consumer confidence dives as lockdown goes on says GfK

GfK only issued its regular monthly consumer confidence report last week, but on Monday it added that confidence has dived with a new reading of -34 by the end of last month. In March 2019, it was -13.
Fashion
Cath Kidston time runs out, will appoint administrators

Cath Kidston time runs out, will appoint administrators

Cath Kidston has bowed to the inevitable and filed notice to appoint administrators as coronavirus makes its current turnaround plan a lost cause. A buyer is still being sought with a pre-pack administration likely.
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
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
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