Threads giant Coats Group has said it's taking a major hit from the Covid-19 outbreak as this month has seen brands and manufacturers starting to cancel or defer orders due to large-scale store closures.
Mike Ashley issued a rare apology for his actions in recent days on Friday and said Frasers Group has offered its support to the NHS and is "poised and ready, with our entire fleet of lorries at their disposal".
Lululemon Athletica Inc. was one retailer with good news on Thursday, as it reported fourth-quarter results that topped expectations, which lead to a 21 percent net revenue increase for full-year fiscal 2019.
Adidas has announced that it’s to roll out free virtual experiences across social and digital channels, "to support our community as they stay active, practice mindfulness, learn and seek entertainment”.
The sportswear brand has added Italy to its list of online markets, just in time to serve customers during the lockdown. Social media manager Marina Amoruso said Italy is a key market for the company's future success.
Shortly after the closure of non-essential retailers was ordered on Monday to curb the spread of coronavirus, the parent company of Sports Direct wrote to its staff to say the next day would be business as usual.
German sportswear company Puma announced on Tuesday that 1,400 staff would switch to shorter work hours until April 13 due to the coronavirus and said its three top executives would not take their full pay for April.
Frasers Group has changed its mind after coming in for heavy criticism over its plan to keep Sports Direct and Evans Cycles stores open "where possible" following the UK government’s order for clothing stores to close.