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.
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.
Cath Kidston has bowed to the inevitable and filed notice to appoint administrators as coronavirus makes its current turnaround plan a lost cause. A buyer is still being sought with a pre-pack administration likely.
Half-year results for MySale Group on Wednesday looked weak. But the firm also said it’s been boosted by current market volatility with more product available to it and more brands wanting to sell via its marketplace.
Malls giant Hammerson said Monday it has received “a variety of requests for rent deferrals, which we are reviewing on a case-by-case basis” across its properties in the UK, Ireland France and other European countries.
LVMH has denied planning to buy Tiffany shares on the open market, contradicting market rumors stating that they were about to do exactly that, after the US jeweler's stock price fell on the New York Stock Exchange.
Next delivered full-year results on Thursday and presented several 'stress tests' for potential sales falls this year. Saying "people do not buy a new outfit to stay at home," it said the worst case means a £1bn drop.