Genesco-owned UK footwear chain Schuh has boosted its funding after securing a £19 million financing facility from Lloyds. The funding was accessed via the UK's Coronavirus Large Business Interruption Loan Scheme.
The importance for brands of winning the PR battle during the coronavirus crisis can be seen from a study that shows 54% of UK e-shoppers are less likely to spend with brands that have behaved badly during the outbreak.
In an ocean of coronavirus-linked bad news, there was some good news from Schuh as the company said it has now reopened its website with rigorous measures in place and no employees being forced to work.
Google within two years plans to block a common way businesses track online surfers in its Chrome browser, endorsing costly changes to how the Web operates as it tries to satisfy increased privacy demands from users.