Asos announced on Tuesday that while it has enough cash to see it through the current crisis, given that the duration and final impact of that crisis remains unknown, it's looking at possibly raising more cash.
Stockmann offered an update on its parent company restructuring process on Tuesday saying that the District Court of Helsinki has ruled a temporary prohibition of debt collection and appointed an interim administrator.
Boohoo is one of the few big-name UK fashion retailers not to have updated the market on its trading. And in the absence of guidance, it seems worker comments about booming sales are being leapt on by share buyers.
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.
EU antitrust regulators on Monday said Mastercard Inc’s plan to buy part of Scandinavian payments group Nets is a significant threat to competition in Europe based on information from six countries including Britain.
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.
Singapore's retail sales in February fell at the steepest pace in more than 12 years on a month-on-month basis as consumption fell across categories such as apparel and cosmetics due to the coronavirus pandemic.
Amazon is postponing its major summer shopping event, Prime Day, until at least August and expects a potential $100 million hit from excess devices it might now sell at a discount, according to notes seen by Reuters.