The Italian fashion industry has been hit hard by the coronavirus. But new data shows that it's beginning to recover with an 18% increase in online consumer purchases, although it’s still down overall.
The global economy is expected to shrink by 3.0% during 2020 in a stunning coronavirus-driven collapse of activity that will mark the steepest downturn since the Great Depression of the 1930s, the IMF has said.
Amazon.com Inc said on Tuesday it had fired three critics of the company’s pandemic response for workplace violations, dismissals that drew sharp words from U.S. Senator Bernie Sanders and a labor coalition.
German sports retailer Adidas on Tuesday said it received approval for a syndicated 3 billion-euro government-backed loan to mitigate the financial impact on its business from the spread of the coronavirus.
Allbirds, the San Francisco-based footwear label, has launched its latest carbon-neutral initiative: creating a label for each of its products with an indicator number to reveal the item’s carbon footprint.
Adidas has taken the next step in its work with 3D printing specialist Carbon. After reimagining performance footwear using the tech, it's now producing 3D-printed face shields to help with the Covid-19 crisis.
After banning the use of fur, the labels owned by the SMCP fashion group decided to also stop using reptile leather in their products, following the example of Chanel, Paul Smith and others, said the PETA association.
Employees at Inditex's 10 logistics centres in Spain - from where it sends garments to its stores worldwide - returned to work on Monday but only to less than half their normal levels of activity, workers said.
Tapestry's Coach and Kate Spade foundations will each make new contributions to support Covid-19 charities and frontline healthcare workers, while Canada Goose will boost its production of medical protective gear.