covid19 news and archive

The unexpected impacts of Covid retail closures on small investors

Since the pandemic started, hundreds of thousands of retail locations have closed; some temporarily, many for good. While this trend has had a visible, almost immediate effect on retailers’ financials and strategies, there is another group of stakeholders who are facing unexpected challenges: Small investors. Commercial real estate has...

Apr 7, 2021

Business

This is how the pandemic is re-designing the future of physical retail

Since the global coronavirus pandemic started almost a year ago, physical retail has been under historic levels of pressure. In the United States alone, some 20,000 to 25,000 stores were expected to close in 2020, more than double the number that did so in 2019. Per the latest State of Global Fashion Index by McKinsey and Business of Fashion....

Feb 7, 2021

Report

Disinfectant manufacturer Püre launches a device for retailers to sanitise garments in real time

New York – Püre, a manufacturer of disinfectant products, announced earlier this week the launch of a new device to help retailers sanitise garments on the spot. Called PüreCouture, the product is specifically designed to help retailers sanitise fitting rooms and heighten consumer confidence and safety in their fashion retail shopping...

Jul 30, 2020

Fashion |OPINION

Why the fashion industry must recalibrate

It took less than one hundred days to upend the fashion industry, its glamorous facades crumbled into a pile of obsolescence. For a moment, the world stopped consuming, and the aspiration economy of luxury, travel, leisure and the acquisition of beautiful things, no longer mattered. Conspicuous consumption and the luxury add-ons of the...

Apr 9, 2020

Business

Analyst's view: ASOS takes precautionary measures during coronavirus outbreak

ASOS has seen sales of clothing and accessories drop 20-25 percent over the last three weeks and is taking precautionary measures as the coronavirus pandemic disrupts its financial outlook. Nigel Frith, a senior market analyst at asktraders.com told FashionUnited: “The online retailer is in a better position than most bricks and mortar retailers...

Apr 8, 2020