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Gap to furlough majority of North America retail staff, reduces global HQ count

Gap to furlough majority of North America retail staff, reduces global HQ count

Gap Inc. announced on Monday that it was extending its store closures, forcing the company to furlough the majority of its store teams in the United States and Canada, as well as head office employees globally. 
Fashion
Iconix slips deeper into loss

Iconix slips deeper into loss

The New York-based brand management company announced a net loss of $95.0 million in the fourth quarter on Monday, widening from the loss of $69.1 million reported by the group in the same period in the previous year.
Fashion
Brooks Brothers to start manufacturing masks to fight spread of coronavirus

Brooks Brothers to start manufacturing masks to fight spread of coronavirus

As the Covid-19 pandemic continues, the historic American fashion retailer announced on Monday that it will begin manufacturing up to 150,000 surgical masks per day in its U.S.-based factories.
Fashion
Fashion brands turn to technology to communicate with suppliers

Fashion brands turn to technology to communicate with suppliers

Amid widespread restrictions on non-essential travel and severe trading disruption, fashion brands are resorting to technology to communicate with their suppliers.
Fashion
Asos workers walk out over lack of Covid-19 protection, firm denies it's unsafe

Asos workers walk out over lack of Covid-19 protection, firm denies it's unsafe

​Some 500 Asos warehouse workers walked out of shifts in Yorkshire on Saturday claiming they couldn’t follow the government's advice to stay two metres away from other people.
Fashion
Coronavirus leads to further cancellations and postponements of international events

Coronavirus leads to further cancellations and postponements of international events

Monte-Carlo Fashion Week 2020, the 1.618 Biennale and the OpenMyMed Prize 2020-21 are the latest international events to announce their postponement, while the Milan Furniture Fair has cancelled its 2020 edition.
Fashion
Fashion labels try to keep people busy in times of isolation

Fashion labels try to keep people busy in times of isolation

DIY dress-making, live-streamed cookery and yoga sessions, competitions: many ready-to-wear labels and retailers are featuring daily activities on their social media channels to amuse their fans and stay connected.
Fashion
Zegna group donates €3 million to Italy's Civil Protection Agency, starts producing masks

Zegna group donates €3 million to Italy's Civil Protection Agency, starts producing masks

The luxury menswear group has pitched into the Covid-19 fight with a €3 million personal donation by its senior management and the Zegna family to Italy's Civil Protection Agency, and by starting mask production.
Fashion
Arcadia pauses pension top-ups to conserve cash

Arcadia pauses pension top-ups to conserve cash

Like many other companies, Arcadia is taking steps to preserve liquidity to ensure it can survive amid temporary store closures and uncertainty. The top-ups will be deferred for at least three months.
Fashion
Deichmann, H&M and Adidas: More retailers stop paying rent

Deichmann, H&M and Adidas: More retailers stop paying rent

More and more well-known retail companies are holding back rent payments in Germany after being forced to close their stores in the fight against the coronavirus pandemic.
Fashion
Monsoon Accessorize mulls sale as improving trade derailed by Covid-19

Monsoon Accessorize mulls sale as improving trade derailed by Covid-19

Monsoon Accessorize had been seeing improving sales but has been hit by the Covid-19 outbreak and is now exploring options that include a possible sale of the business. 
Fashion
Mothercare says transformation plan is working but Covid-19 hits revenues

Mothercare says transformation plan is working but Covid-19 hits revenues

Mothercare said it continues to make big progress with its transformation plan, but Covid-19 is having an impact and has delayed final contracts being signed for its Boots franchise deal, as well as hurting sales.
Fashion
Ted Baker names Osborne permanent CEO

Ted Baker names Osborne permanent CEO

Ted Baker has finally found its new CEO with Rachel Osborne taking on the role permanently after several months as caretaker chief executive. 
Fashion
Rent the Runway lays off workers amid coronavirus outbreak

Rent the Runway lays off workers amid coronavirus outbreak

U.S. clothing rental firm Rent the Runway said on Saturday it had laid off retail employees following temporary store closures amid the ongoing coronavirus outbreak.
Fashion
L Brands extends store closures, halts quarterly dividend

L Brands extends store closures, halts quarterly dividend

L Brands announced on Friday that it is extending temporary store closures at its store banners and taking steps to secure its finances, as a future with Covid-19 remains uncertain. 
Fashion
Paris and Milan postpone menswear and haute couture seasons

Paris and Milan postpone menswear and haute couture seasons

The governing fashion bodies in France and Italy have decided to postpone their next menswear seasons and the Paris haute couture runway season this summer.
Fashion