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.
President Donald Trump on Sunday extended his stay-at-home guidelines until the end of April, dropping a hotly criticized plan to get the economy up and running by mid-April after criticism for a top medical adviser.
Threads giant Coats Group has said it's taking a major hit from the Covid-19 outbreak as this month has seen brands and manufacturers starting to cancel or defer orders due to large-scale store closures.
Mike Ashley issued a rare apology for his actions in recent days on Friday and said Frasers Group has offered its support to the NHS and is "poised and ready, with our entire fleet of lorries at their disposal".
Lululemon Athletica Inc. was one retailer with good news on Thursday, as it reported fourth-quarter results that topped expectations, which lead to a 21 percent net revenue increase for full-year fiscal 2019.
Adidas has announced that it’s to roll out free virtual experiences across social and digital channels, "to support our community as they stay active, practice mindfulness, learn and seek entertainment”.
The sportswear brand has added Italy to its list of online markets, just in time to serve customers during the lockdown. Social media manager Marina Amoruso said Italy is a key market for the company's future success.
Shortly after the closure of non-essential retailers was ordered on Monday to curb the spread of coronavirus, the parent company of Sports Direct wrote to its staff to say the next day would be business as usual.
German sportswear company Puma announced on Tuesday that 1,400 staff would switch to shorter work hours until April 13 due to the coronavirus and said its three top executives would not take their full pay for April.