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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
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
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
Cath Kidston time runs out, will appoint administrators

Cath Kidston time runs out, will appoint administrators

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.
Fashion
Joules raises £15m in share placing to get it through the Covid-19 crisis

Joules raises £15m in share placing to get it through the Covid-19 crisis

Joules has announced the successful completion of a share placing with nearly 19 million new ordinary shares having been placed. It raised £15 million in gross proceeds. 
Fashion
H&M powers ahead in Q1, but Covid-19 sends Q2 into reverse

H&M powers ahead in Q1, but Covid-19 sends Q2 into reverse

Q1 was a good time for H&M and its profits leapt ahead. But Q2 will be loss-making with sales dropping 46% during March as shops in its key markets shut their doors. 
Fashion
MySale says more product available due to store closures, March sales improve

MySale says more product available due to store closures, March sales improve

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.
Fashion
Laura Ashley makes redundancies, sale talks continue

Laura Ashley makes redundancies, sale talks continue

Laura Ashley’s administrators have made 268 head office and back office staff redundant with the remaining store staff now on furlough as all of its shops are currently shut.
Fashion
Hammerson rents fall short across Europe, reassures on liquidity

Hammerson rents fall short across Europe, reassures on liquidity

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.
Fashion
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
Intu says just 29% of rents are paid, Puerto Venecia sale completion delayed

Intu says just 29% of rents are paid, Puerto Venecia sale completion delayed

Struggling malls giant Intu issued a further update on Thursday and said that all of its centres in the UK and Spain “are operating on a semi-closed basis”. And many rents remain unpaid by its tenants
Fashion
Marimekko in staff lay-off talks as more stores shut

Marimekko in staff lay-off talks as more stores shut

Marimekko is accelerating its measures to adapt to the coronavirus outbreak. It's extending its store closures to Finland and Sweden this week and talking to staff about temporary lay-offs.
Fashion
Dunelm joins UK retailers seeking rent reductions, delays

Dunelm joins UK retailers seeking rent reductions, delays

Home furnishing retailer Dunelm on Tuesday was the latest major UK retailer to say it was launching talks with its landlords on rent reductions, as the crisis has forced it to shut all stores.
Lifestyle
LVMH denies planning to buy Tiffany shares on the open market

LVMH denies planning to buy Tiffany shares on the open market

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.
Fashion
M&S fashion ops take coronavirus hit, stays upbeat but plans for "severe impact"

M&S fashion ops take coronavirus hit, stays upbeat but plans for "severe impact"

M&S's fashion business is suffering even though its grocery operation is seeing an uplift. It's now planning for a prolonged clothing downturn but said it has plenty of cash to see it through.
Fashion
Next could lose £1bn in sales from coronavirus but stays confident on long term

Next could lose £1bn in sales from coronavirus but stays confident on long term

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.
Fashion