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.
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.
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.
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.
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.
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.
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.
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.
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.