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UK consumer confidence is down, but worse is to come says GfK

UK consumer confidence is down, but worse is to come says GfK

It may come as no surprise, but UK consumer confidence has fallen in the latest month with the coronavirus lockdown also forecast to create a further slide in the way consumers feel.
Others
W Magazine furloughs majority of staff, suspends print

W Magazine furloughs majority of staff, suspends print

The Future Media Group-owned publication has suspended its print edition indefinitely, and those who work on W's online edition will continue to work with reduced salaries. 
Luxury
Covid-19 is challenge for supermalls as well as smaller spaces says British Land CEO

Covid-19 is challenge for supermalls as well as smaller spaces says British Land CEO

​Retail destinations of all sizes will bear the brunt of the economic downturn caused by the health crisis as more and more tenants seek rent holidays, warned Chris Grigg, CEO of British Land.
Others
Ex-Hearst UK chief and GFW chair Terry Mansfield dies

Ex-Hearst UK chief and GFW chair Terry Mansfield dies

Terry Mansfield, one of the UK’s heavyweights in glossy magazine publishing and also the former chairman of Graduate Fashion Week, died at the weekend after contracting the coronavirus.
Others
What do consumers expect from brands in coronavirus crisis?

What do consumers expect from brands in coronavirus crisis?

Market research firm Kantar has carried out a survey of the expectations of 25,000 interviewees in 30 countries, to help consumer goods companies adjust their communication strategies in a coronavirus-hit world.
Others
Gift cards see sharp rise as UK consumers celebrate their birthday in isolation

Gift cards see sharp rise as UK consumers celebrate their birthday in isolation

Gifting is seeing a dramatic change in consumer behaviour as consumers prepare to celebrate everything from their birthdays, Father’s Day and Easter in isolation.
Others
Wolford joins push to make medical masks for hospitals, staff and consumers

Wolford joins push to make medical masks for hospitals, staff and consumers

Hosiery and intimates specialist Wolford has shifted production at its HQ in Bregenz, Austria, and its factory in Slovenia from tights and bodies to face masks.
Fashion
Historic $2.2 trillion coronavirus bill passes U.S. House, headed to Trump

Historic $2.2 trillion coronavirus bill passes U.S. House, headed to Trump

The U.S. House of Representatives on Friday approved a $2.2 trillion aid package - the largest in American history - to help people and businesses cope with the economic downturn inflicted by the coronavirus pandemic.
Others
Valentino Garavani and Giancarlo Giammetti donate €1 million to Covid-19 relief

Valentino Garavani and Giancarlo Giammetti donate €1 million to Covid-19 relief

Designer Valentino Garavani and his business partner Giancarlo Giammetti are donating €1 million to support the fight against the coronavirus, the latest Italian designers to join the struggle against the pandemic.
Fashion
Good PR during crisis is key to post-coronavirus consumer approval says analyst

Good PR during crisis is key to post-coronavirus consumer approval says analyst

The very public apology made by Frasers CEO Mike Ashley on Friday underlines the importance of good PR during the coronavirus crisis and an analyst has said that "exemplary ethics will pay off" once the outbreak is over.
Fashion
Intu in crisis talks to avoid collapse, could sell some UK malls

Intu in crisis talks to avoid collapse, could sell some UK malls

Lakeside owner Intu is seeking emergency support from its lenders and the UK government after news that less than a third of quarterly rents it’s owed have been paid.
Fashion
Tapestry extends store closures, boosts financial flexibility on ramped up Covid-19 relief effort

Tapestry extends store closures, boosts financial flexibility on ramped up Covid-19 relief effort

The company is working to support its staff, contribute to pandemic relief efforts, and boost its financial flexibility by drawing down from its revolving credit facility, suspending its quarterly cash dividend and more.
Luxury
Ralph Lauren to donate $10 million to Covid-19 relief

Ralph Lauren to donate $10 million to Covid-19 relief

Ralph Lauren has joined the fashion community in its support for the struggle against Covid-19, with a multi-faceted $10 million donation to several organizations.
Fashion
Coty starts making hand sanitizer to help fight Covid-19

Coty starts making hand sanitizer to help fight Covid-19

Production and donations are expected to reach tens of thousands of units per week, the company said, and the sanitizer will go to health care workers free of charge. 
Beauty
Revolve donates N95 masks to hospitals in need during the fight against Covid-19

Revolve donates N95 masks to hospitals in need during the fight against Covid-19

The e-tailer is donating 10,000 FDA-approved masks to two hospitals located in Los Angeles that need protective equipment, and has an additional stock of 20,000 masks ready to be distributed to other hospitals in need. 
Fashion
Retail landlord Hammerson to hold virtual AGM

Retail landlord Hammerson to hold virtual AGM

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.
Lifestyle