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VF, PVH and TJX look to deal with coronavirus disruption through further cuts and furloughs

VF, PVH and TJX look to deal with coronavirus disruption through further cuts and furloughs

Since the beginning of the week, companies including Genesco, PVH, VF and TJX have announced a range of new measures designed to preserve their liquidity during the ongoing Covid-19 crisis.
Fashion
Maria Grazia Chiuri finds a safe space to create with la famiglia in Rome

Maria Grazia Chiuri finds a safe space to create with la famiglia in Rome

At a moment of compulsory cocooning due to the curse of Covid-19, Maria Grazia Chiuri, creative director of Christian Dior, has been doing things very much in the Italian way. She hunkered down with la famiglia in Rome.
Fashion
Asos strong despite Covid-19 sales drop, raises extra cash to keep it on top

Asos strong despite Covid-19 sales drop, raises extra cash to keep it on top

Asos had plenty to talk about on Tuesday evening as it updated the markets on the coronavirus impact, released half-year results and announced it's raising extra cash. The overall message was one of strength. 
Fashion
Della Valle family launch Sempre con Voi;  €5 million for bereaved families of health workers

Della Valle family launch Sempre con Voi; €5 million for bereaved families of health workers

The Della Valle family –  the owners of Tod’s and Schiaparelli – have launched a new project, Sempre con Voi, to aid the bereaved family members of health professionals with a €5 million donation.
Fashion
Safilo sales hurt by Covid-19 but supply chain almost back to normal

Safilo sales hurt by Covid-19 but supply chain almost back to normal

Italian eyewear giant Safilo has withdrawn the guidance it issued just a few months ago and said that first-quarter sales were down in double-digits due to the accelerating coronavirus pandemic.
Fashion
Go Outdoors rebrands as Go Indoors for campaign during lockdown

Go Outdoors rebrands as Go Indoors for campaign during lockdown

Go Outdoors has temporarily rebranded itself as Go Indoors as part of a campaign urging consumers to stay at home, and launched a series of online activities to inspire families during the lockdown. 
Fashion
Primark creates factory worker wages fund

Primark creates factory worker wages fund

Following the global Covid-19 health crisis, Primark has announced that it has established a fund to cover the wages component of orders that have been cancelled.
Fashion
Leïla Menchari, France’s most famous window dresser, dies at 92

Leïla Menchari, France’s most famous window dresser, dies at 92

Leïla Menchari, la créatrice tunisienne célèbre pour ses décorations flamboyantes des vitrines d'Hermès, est décédée samedi, a annoncé la maison de Haute Couture française dans un communiqué dimanche.
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
Schuh reopens website with special safety measures in place

Schuh reopens website with special safety measures in place

In an ocean of coronavirus-linked bad news, there was some good news from Schuh as the company said it has now reopened its website with rigorous measures in place and no employees being forced to work.
Fashion
Vera Bradley implements furloughs and compensation cuts in face of Covid-19

Vera Bradley implements furloughs and compensation cuts in face of Covid-19

Following the extension of the temporary closure of the American company’s retail stores, Vera Bradley has announced a series of measures designed to preserve its financial liquidity, including furloughs and salary cuts.
Fashion
Galeria Karstadt Kaufhof files for creditor protection

Galeria Karstadt Kaufhof files for creditor protection

German department store Galeria Karstadt Kaufhof and its subsidiary Karstadt Sports have filed for creditor protection after seeing a drop in sales as a result of the coronavirus crisis.
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
AEO, Caleres and Lululemon implement cost-cutting initiatives to stay afloat during Covid-19 pandemic

AEO, Caleres and Lululemon implement cost-cutting initiatives to stay afloat during Covid-19 pandemic

As it becomes clear that store closures will continue for longer than anticipated, companies including AEO, Caleres, Lululemon and Ulta Beauty have announced further measures to preserve their financial liquidity.
Fashion
VF Corp names Nina Flood to key Eastpak role, Paula Gozzo moves up at Kipling

VF Corp names Nina Flood to key Eastpak role, Paula Gozzo moves up at Kipling

VF Corp has named Nina Flood as President of its Eastpak brand with the new chief being based in Antwerp, Belgium, where the brand’s marketing and sales operations are based. 
Fashion
Mango launches livestreamed Home Sessions concerts via Instagram

Mango launches livestreamed Home Sessions concerts via Instagram

Mango is launching a lockdown initiative called Home Sessions, a series of livestreamed concerts. The first happens at 6 pm on Thursday with Marta Knight performing live from her home via the Mango Instagram channel.
Fashion