Beth is the news editor at Drapers
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Asos ‘well placed to cope' with coronavirusSubscription
Asos CEO Nick Beighton has said Asos is “well placed” to survive the coronavirus crisis after a robust first half of the year.
Asos looks to refinance debtSubscription
Asos is close to finalising an extension to its debt facilities and a potential equity issuance, ahead of announcing its interim results tomorrow.
Debenhams files notice to appoint administrators Subscription
Department store Debenhams has today filed a notice to appoint administrators.
TK Maxx extends payment termsSubscription
TK Maxx has extended supplier payment terms by 90 days.
Consumer confidence 'falls off a cliff'Subscription
UK consumer confidence has shown its biggest fall since records began in January 1974.
Schuh reopens websiteSubscription
Footwear retailer Schuh has reopened its website after it temporarily closed last week.
Canadian activewear giant Lululemon has cut senior leadership team salaries by 20% for the next three months, while its board of directors will “forgo their cash retainer”, amid the Covid-19 coronavirus outbreak.
Industry welcomes new coronavirus aidSubscription
The fashion retail industry has welcomed chancellor Rishi Sunak’s changes to government assistance measures, following criticism of the initial plans.
Monsoon Accessorize sale to be ‘one of many’Subscription
Monsoon Accessorize will be one of many retailers considering a sale as a result of the impact of Covid-19 coronavirus, say industry insiders.
Head office redundancies at Laura AshleySubscription
Laura Ashley has made 268 employees redundant across its head office and back-office functions.