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Asos in talks to raise cash, but says it has "sufficient liquidity" already

Asos in talks to raise cash, but says it has "sufficient liquidity" already

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.
Fashion
Stockmann plc gets debt collection protection, administrator named

Stockmann plc gets debt collection protection, administrator named

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.
Fashion
Boohoo, Asos shares leap on anecdotal evidence about sales spikes

Boohoo, Asos shares leap on anecdotal evidence about sales spikes

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.
Fashion
UK footfall uptick last weekend is worrying trend says Springboard

UK footfall uptick last weekend is worrying trend says Springboard

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.
Fashion
Mastercard's Scandinavian e-pay deal in EU antitrust crosshairs

Mastercard's Scandinavian e-pay deal in EU antitrust crosshairs

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.
Fashion
Alessandro Dell’Acqua on creative cocooning; Covid-19’s aftermath and self-absorbed influencers

Alessandro Dell’Acqua on creative cocooning; Covid-19’s aftermath and self-absorbed influencers

Few designers were busier than Alessandro Dell’Acqua when coronavirus cruelly claimed its first victims in Milan and Paris, at the same time as the women’s ready-to-wear seasons in Europe. 
Fashion
John Lewis announces bonus for frontline shop workers

John Lewis announces bonus for frontline shop workers

John Lewis is the latest retailer to reward its store staff for working during the coronavirus crisis, announcing a bonus of up to £200.
Fashion
Primark creates factory worker wages fund

Primark creates factory worker wages fund

Following the global Covid-19 health crisis, Primark has announced that it has established a fund to cover the wages component of orders that have been cancelled.
Fashion
Lindex owner Stockmann to file for corporate restructuring

Lindex owner Stockmann to file for corporate restructuring

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.
Fashion
Debenhams confirms administration plan to protect it during lockdown

Debenhams confirms administration plan to protect it during lockdown

Debenhams has confirmed its plan for a second administration filing in a year with the company saying on Monday that it has filed a notice of intent to appoint an administrator.
Fashion
Retailer alert: UK consumer confidence dives as lockdown goes on says GfK

Retailer alert: UK consumer confidence dives as lockdown goes on says GfK

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.
Fashion
New administration filing: is Debenhams about to act?

New administration filing: is Debenhams about to act?

Debenhams is believed to be preparing a second administration filing and has missed a pension top-up payment as the coronavirus pandemic continues to devastate the UK retail sector. 
Fashion
Singapore retail sales fall at steepest pace in 12 years as virus deters shoppers

Singapore retail sales fall at steepest pace in 12 years as virus deters shoppers

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.
Fashion
Amazon to delay Prime Day event due to coronavirus, outlines cloud risks

Amazon to delay Prime Day event due to coronavirus, outlines cloud risks

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.
Fashion
Primark boss takes 50% pay cut as pandemic lockdown continues

Primark boss takes 50% pay cut as pandemic lockdown continues

Primark became the latest retailer on Friday for its leaders to show solidarity with its workforce as parent company Associated British Foods announced a pay cut for bosses.
Fashion
Galeria Karstadt Kaufhof files for creditor protection

Galeria Karstadt Kaufhof files for creditor protection

German department store Galeria Karstadt Kaufhof and its subsidiary Karstadt Sports have filed for creditor protection after seeing a drop in sales as a result of the coronavirus crisis.
Fashion