Struggling Quiz released results for the year to the end of March on Tuesday. And while they included only a few weeks hurt by the pandemic, they showed Quiz was already facing challenges before the current crisis.
Gap Inc. unveiled at a virtual investor meeting on Thursday that it expects to return to profitable growth next year, with plans to double the sales of its Athleta business to $2 billion over the next few years.
The US apparel group is envisaging closing down all its directly operated branches in the UK, France, Italy and Ireland next year - 129 stores in total - maintaining a presence in Europe through franchise partnerships.
Retailers in the Republic of Ireland are faced with a second period of enforced closure this year as all non-essential retail, as well as hairdressers and beauty salons, have been told to shut for six weeks.
About 3,500 U.S. companies, including Ralph Lauren, Target Corp, and Walgreen Co have sued the Trump administration in the last two weeks over the imposition of tariffs on more than $300 billion in Chinese-made goods.
J.Crew is closing all six of its UK locations, including the massive flagship on Regent Street, calling in liquidators to its British operation and will serve the British market via its global webstore.