Debenhams officially filed for administration on Thursday in a widely flagged move to protect it from the worst effects of the coronavirus crisis. It's the second time in a year the chain has gone into administration.
Unibail-Rodamco-Westfield has announced pay cuts of between 20% and 25% for its senior execs with the unpaid salaries and fees being used to support efforts to fight the coronavirus in the countries in which it operates.
It may come as no surprise that footfall in the UK declined sharply in late March, but it's worrying that it moved up again last Saturday and Sunday as UK consumers looked for something to do in the warm weather.
Stockmann's parent company is filing for corporate restructuring as cash flows are dented by the coronavirus. But its department stores and its Lindex chain won't be affected, the company said on Monday.
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.