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Gap to furlough majority of North America retail staff, reduces global HQ count

Gap to furlough majority of North America retail staff, reduces global HQ count

Gap Inc. announced on Monday that it was extending its store closures, forcing the company to furlough the majority of its store teams in the United States and Canada, as well as head office employees globally. 
Fashion
EssilorLuxottica says Essilor CEO to retire; halts dividend on AGM delay

EssilorLuxottica says Essilor CEO to retire; halts dividend on AGM delay

EssilorLuxottica is suspending its dividend due to the coronavirus pandemic, it said Monday, adding its annual shareholder meeting has been delayed and its Essilor chief executive officer, Laurent Vacherot, has retired.
Fashion
Workers go on strike at Amazon delivery site in Italy amid coronavirus

Workers go on strike at Amazon delivery site in Italy amid coronavirus

Around one-third of those working at an Amazon delivery station in central Italy went on strike on Monday, a union representative said, citing a request for more safety measures for workers amid the coronavirus outbreak.
Fashion
Visa transaction volumes hurt as coronavirus crisis deepens

Visa transaction volumes hurt as coronavirus crisis deepens

Visa Inc said on Monday its transaction volumes had been hit as the coronavirus pandemic wreaks havoc on consumer spending, leading it to forecast mid-single-digit percentage revenue growth for the second quarter.
Fashion
Iconix slips deeper into loss

Iconix slips deeper into loss

The New York-based brand management company announced a net loss of $95.0 million in the fourth quarter on Monday, widening from the loss of $69.1 million reported by the group in the same period in the previous year.
Fashion
Brooks Brothers to start manufacturing masks to fight spread of coronavirus

Brooks Brothers to start manufacturing masks to fight spread of coronavirus

As the Covid-19 pandemic continues, the historic American fashion retailer announced on Monday that it will begin manufacturing up to 150,000 surgical masks per day in its U.S.-based factories.
Fashion
Fashion brands turn to technology to communicate with suppliers

Fashion brands turn to technology to communicate with suppliers

Amid widespread restrictions on non-essential travel and severe trading disruption, fashion brands are resorting to technology to communicate with their suppliers.
Fashion
Asos workers walk out over lack of Covid-19 protection, firm denies it's unsafe

Asos workers walk out over lack of Covid-19 protection, firm denies it's unsafe

​Some 500 Asos warehouse workers walked out of shifts in Yorkshire on Saturday claiming they couldn’t follow the government's advice to stay two metres away from other people.
Fashion
Coronavirus leads to further cancellations and postponements of international events

Coronavirus leads to further cancellations and postponements of international events

Monte-Carlo Fashion Week 2020, the 1.618 Biennale and the OpenMyMed Prize 2020-21 are the latest international events to announce their postponement, while the Milan Furniture Fair has cancelled its 2020 edition.
Fashion
Zalando says coronavirus crisis hits sales, profit

Zalando says coronavirus crisis hits sales, profit

German online fashion retailer Zalando said on Monday it was trimming spending and investment as coronavirus lockdowns hit its sales and profitability.
Fashion
Trump backs off plan to reopen businesses by mid-April amid coronavirus warnings

Trump backs off plan to reopen businesses by mid-April amid coronavirus warnings

President Donald Trump on Sunday extended his stay-at-home guidelines until the end of April, dropping a hotly criticized plan to get the economy up and running by mid-April after criticism for a top medical adviser.
Fashion
Amazon entices warehouse employees to grocery unit with higher pay

Amazon entices warehouse employees to grocery unit with higher pay

Amazon.com Inc is offering higher pay to recruit its own warehouse employees to pick and pack Whole Foods groceries amid rising demand and a worker shortage, according to an internal document reviewed by Reuters.
Fashion
Fashion labels try to keep people busy in times of isolation

Fashion labels try to keep people busy in times of isolation

DIY dress-making, live-streamed cookery and yoga sessions, competitions: many ready-to-wear labels and retailers are featuring daily activities on their social media channels to amuse their fans and stay connected.
Fashion
Zegna group donates €3 million to Italy's Civil Protection Agency, starts producing masks

Zegna group donates €3 million to Italy's Civil Protection Agency, starts producing masks

The luxury menswear group has pitched into the Covid-19 fight with a €3 million personal donation by its senior management and the Zegna family to Italy's Civil Protection Agency, and by starting mask production.
Fashion
Macy's to furlough most of 130,000 employees as stores stay shut

Macy's to furlough most of 130,000 employees as stores stay shut

Macy’s Inc said on Monday it would furlough most of its 130,000-strong workforce starting this week as all stores of the department chain operator have been temporarily shut due to the coronavirus pandemic.
Fashion
Arcadia pauses pension top-ups to conserve cash

Arcadia pauses pension top-ups to conserve cash

Like many other companies, Arcadia is taking steps to preserve liquidity to ensure it can survive amid temporary store closures and uncertainty. The top-ups will be deferred for at least three months.
Fashion