Coronavirus has wreaked havoc on the world as retailers, slammed by store closures, have been cancelling orders for merchandise they previously placed with suppliers.Image Courtesy: Westend mallIn some cases, it is getting even worse as the stock inventories ready for shipment are being refused, which is risking failure of factories that are just getting back on their feet.Fast-fashion icon H&M is leading a different way amidst such unpleasant times as it assures its suppliers to accept the

Urban Outfitters, the US-based fashion retailer, has said that it will be suspending all rent payments in addition to delaying all new store openings amidst the COVID-19 outbreak.The retailer said that all the existing outlets shall temporarily remain closed till anything further announcement.Starting today (1 April 2020), a significant number of store, wholesale as well as home office employees will be furloughed for as many as 60 days. However, the company quickly added that the employees will

French fashion label Christian Dior puts its hands into producing face masks for workers in supermarkets and other sectors still operating during the nCOVID-19 pandemic, tuning with the moves made by other luxury brands.Image Courtesy: LuxuvereDior’s plant situated in Brittany, northern France will produce the protective gear, which normally makes high-end baby clothes.The brand’s rest of the production sites have been closed.LVMH, which is the parent company of Dior, is using some of its perfum

OnTheList, a members-only weekly flash sales concept which provides members with exclusive access to luxury brands at discounted prices for a limited time, is revolutionising the luxury retail landscape in Asia. It acts as the middleman between members looking for affordable luxury lifestyle products and brands that are looking to sell off past season items.Pic: ShutterstockOnTheList currently caters to 250,000 members across Hong Kong, Shanghai, Beijing and Taiwan, including 20,000 members in S

It was only two weeks ago that Pitti Uomo announed it was planning to go ahead with its June instalment of the Florentine tradeshow. As we have come to witness, a lot can happen in a fortnight. In a statement with the hashtag #pittilooksahead, the menswear exhibition said it was working hard to open next June’s fairs on the dates announced, in addition to updating its digital platform. But this looks likely to change, as Milan has canceled its men’s fashion week, as did London, Paris and New Yor

Burberry is the latest fashion brand to announce it is focusing its efforts on tackling the Covid-19 pandemic and will be repurposing its iconic trench coat production factory in Castleford, Yorkshire to produce non-surgical gowns and masks for patients.Other efforts by the British luxury label will see it supplying 100,000 surgical masks to the NHS and donating to charities, including FareShare and The Felix Project, to help provide food to those who need it in the UK.“In challenging times, we

Chanel has announced that it will begin production protective face masks to help prevent the spread of COVID-19. The French luxury house is currently making prototypes and will roll out production upon approval from the French government.The companythat it would halt production of its own merchandise for a short period of time as a result of the global pandemic. It has also canceled its upcoming cruise show, scheduled for spring.Despite the virus' impact on Chanel's business, the company

The recent Coronavirus (COVID19) outbreak, which has prevented as many as 1000 consumers from attending Europe’s best-fashion shows in this month, is one of the biggest risks to the Chinese luxury industry since the financial crisis in 2008. In addition, the outbreak also disrupts supply chains for more mid-market clothing, with retailers and fashion labels voicing concern about Chinese factories ‘ ability to produce autumn-winter collections as expected. As Bernstein’s luxury goods analyst Luca

Brand and retailers dealing with apparel, footwear and fashion across the United States and Europe have mostly closed their stores, either fully or partially, and continue to monitor the situation unfolding because of the COVID-19 pandemic. Some fashion houses have taken the initiative to provide medical staff with adequate face masks and protection gowns.Pic: ShutterstockGerman sportswear maker Adidas has joined rivals in announcing store closures. Adidas and Reebok-owned stores in Europe, Nort

WAKEFIELD – Katrin Ley from Fashion for Good and Catharina Martinez-Pardo from the Boston Consulting Group (BCG), the authors of a new report on what it will cost to meet the industry's sustainability goals, join Mike Schragger from the Sustainable Fashion Academy.EntitledFinancing the Transformation in the Fashion Industry, the report makes a case for the size of financial investment needed to develop the innovations required to meet key sustainability goals.Ley and Martinez-Pardo explain h