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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.