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.
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.
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.
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.