Following the extension of the temporary closure of the American company’s retail stores, Vera Bradley has announced a series of measures designed to preserve its financial liquidity, including furloughs and salary cuts.

Supima, often dubbed the "cashmere of cotton", has supplied dozens of alumni of its Supima Design Competition with fabric to create masks and gowns for medical workers and organizations in the Covid-19 frontlines.

Budget footwear retailer Shoe Zone saw its shares fall as much as 53% on Friday morning after announcing plans to cancel dividend payments.

After the serial cancellations of the June men's Fashion Weeks, the benchmark menswear show has announced the postponement of its next summer edition, which is now scheduled to be held in Florence on September 2-4.

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.

There were no surprises from the latest BDO monthly High Street Sales Tracker on Friday as the figures showed the worst month on record for retail sales in March and especially for fashion

Troubled tailoring specialist Bagir Group is assessing its options as it said the coronavirus crisis means it has "insufficient cash resources available" and undermined its ability to continue as a going concern.

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.

The latest brand to reach out to its social media community during the global pandemic is Chanel, which will stage a live performance by Belgian singer Angèle this Friday.

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. 

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. 

​Amazon.com Inc plans to roll out temperature checks and face masks for staff at all its U.S. and European warehouses by early next week, a huge deployment for workers on the front lines of the coronavirus outbreak.

Neiman Marcus Group is stepping up preparations to seek bankruptcy protection, after the coronavirus pandemic forced the debt-laden U.S. luxury department store chain to close its stores, sources said on Thursday.

As it becomes clear that store closures will continue for longer than anticipated, companies including AEO, Caleres, Lululemon and Ulta Beauty have announced further measures to preserve their financial liquidity.

The owner of the Topshop and Dorothy Perkins chains has furloughed the majority of its staff as, like the rest of the retail sector, it continues its fight for survival in the face of the coronavirus crisis.

OTB, which controls Diesel, Maison Margiela and Marni, has announced that all three brands will donate 10% of their online revenues during the month of April to the struggle against Covid-19.