Boohoo is one of the few big-name UK fashion retailers not to have updated the market on its trading. And in the absence of guidance, it seems worker comments about booming sales are being leapt on by share buyers.
Designer Valentino Garavani and his business partner Giancarlo Giammetti are donating €1 million to support the fight against the coronavirus, the latest Italian designers to join the struggle against the pandemic.
Amazon.com Inc on Wednesday said it temporarily would not require sellers in its marketplace to repay loans it had made to them, as merchants confront the prospect of declining sales during the coronavirus pandemic.
While American consumers remain optimistic about the economy amid the Covid-19 crisis, consumers expect to spend more only on must-have categories and less on apparel, according to a survey by McKinsey & Co.
CEOs and designers in Paris fashion are praising Emmanuel Macron for taking decisive action this week in the struggle to control corona virus, even as the industry braces for a disastrous second quarter.
Pressure is growing in Washington for the U.S. Federal Reserve to use its emergency powers to lend directly to businesses hurt by the coronavirus, according to four people with knowledge of the discussions.