Mall operator Brookfield has created a 5 billion dollar relief fund for retailers who have been impacted by the coronavirus. In addition to funding, Brookfield will be connecting struggling mall tenants with real estate and private equity companies to help them navigate what is a more challenging retail […]

The National Retail Federation (NRF) is the largest retail trade association in the world. The NRF consists of members from all phases of the retail industry ranging from department stores to independent retailers. Representing not only the United States, but they also encompass over 45 countries. Often […]

Canadian footwear retail chain Aldo has filed for protection under the Companies’ Creditors Arrangement Act (CCAA) in Canada to stabilise the business. The court restructuring process began last week in Canada, explained Aldo, and it was seeking similar protections in the United States and in Switzerland, […]

Interview It’s no mystery that the outbreak of the coronavirus pandemic has taken its toll on the fashion industry. Countless fashion events were postponed or cancelled, while retailers saw their sales revenue drop as they closed shop. Russia is no exception. The country has seen 209,688 confirmed cases, […]

French conglomerate Kering has launched a 1.2 billion euro dual-tranche bond, after the luxury group reported that group revenue fell by 15.4 percent in the first quarter as a result of the coronavirus pandemic. Kering, whose portfolio includes Saint Laurent, Gucci, Balenciaga, Bottega Veneta and Alexander […]

Austrian cellulose fibre producer Lenzing Group reacted quickly to the need of the hour and founded a new company, Hygiene Austria LP GmbH, together with Vienna-based Palmers Textil AG two weeks ago, which, in times of Covid-19, will concentrate entirely on the production of mouth-nose protective masks […]

In these unprecedented times of globally enforced shutdowns, social distancing and shopper safety fears, retailers are challenged to re-emerge from the pandemic with a plan to make the shopping experience safer and smarter for employees and customers. A holistic approach addressing physical protections, […]

The results of the economic impact of coronavirus are rolling in as the jobless claims are being published. An estimated 2.1 million retail jobs have been lost due to coronavirus. The U.S. Labor Department said that 1 in 10 jobs lost from coronavirus were in the retail sector. The overall picture from […]

In times when international buyers cancel or postpone their orders, things are looking bleak for garment factories and their workers - the factories have to reduce their output or shut down temporarily with workers earning correspondingly less or being laid off, quickly reaching their financial limits […]

The Buckle, Inc. said that its total net sales for the month ended May 2, 2020 decreased 80.8 percent to 11.4 million dollars from net sales of 59.6 million dollars for the same period in the prior year. The company said in a statement that net sales for the 13-week fiscal quarter decreased 42.7 percent […]

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