Alibaba to invest $28 billion in cloud services after coronavirus boosted demand

https://ift.tt/eA8V8J Alibaba Group Holding Ltd said it will invest 200 billion yuan ($28 billion) in its cloud infrastructure over three years, following a boom in demand for business software as the coronavirus outbreak peaked in China. Brought to you by UK Fashion Network. Read More: https://ift.tt/2XNQNAt https://ift.tt/2Nf0Wi7

Alibaba to invest $28 billion in cloud services after coronavirus boosted demand

https://ift.tt/eA8V8J Alibaba Group Holding Ltd said it will invest 200 billion yuan ($28 billion) in its cloud infrastructure over three years, following a boom in demand for business software as the coronavirus outbreak peaked in China. Brought to you by UK Fashion Network. Read More: https://ift.tt/2XNQNAt https://ift.tt/2Nf0Wi7

Alibaba to invest $28 billion in cloud services after coronavirus boosted demand

https://ift.tt/eA8V8J Alibaba Group Holding Ltd said it will invest 200 billion yuan ($28 billion) in its cloud infrastructure over three years, following a boom in demand for business software as the coronavirus outbreak peaked in China. Brought to you by UK Fashion Network. Read More: https://ift.tt/2XNQNAt https://ift.tt/2Nf0Wi7

Debenhams in landlord deal to keep most stores open, Westfield branch to shut

https://ift.tt/eA8V8J Debenhams has reached a deal with its landlords that will see 120 of its shops continuing to trade once the retail lockdown ends. But seven of them are set to close. Negotiations around its other branches are continuing. Brought to you by UK Fashion Network. Read More: https://ift.tt/2xA0Q1v https://ift.tt/2Nf0Wi7

Delta Apparel expects 6% decline in Q2 sales due to impact of Covid-19

https://ift.tt/eA8V8J The apparel group released its preliminary second-quarter financial results on Friday, reporting a predicted decrease of 6% in sales as the ongoing coronavirus crisis takes its toll on the company’s operations. Brought to you by UK Fashion Network. Read More: https://ift.tt/3bpsn42 https://ift.tt/2Nf0Wi7

Delta Apparel expects 6% decline in Q2 sales due to impact of Covid-19

https://ift.tt/eA8V8J The apparel group released its preliminary second-quarter financial results on Friday, reporting a predicted decrease of 6% in sales as the ongoing coronavirus crisis takes its toll on the company’s operations. Brought to you by UK Fashion Network. Read More: https://ift.tt/3bpsn42 https://ift.tt/2Nf0Wi7

Delta Apparel expects 6% decline in Q2 sales due to impact of Covid-19

https://ift.tt/eA8V8J The apparel group released its preliminary second-quarter financial results on Friday, reporting a predicted decrease of 6% in sales as the ongoing coronavirus crisis takes its toll on the company’s operations. Brought to you by UK Fashion Network. Read More: https://ift.tt/3bpsn42 https://ift.tt/2Nf0Wi7

Pandemic to bring Asia’s 2020 growth to halt for first time in 60 years: IMF

https://ift.tt/eA8V8J Asia’s economic growth this year will grind to a halt for the first time in 60 years, as the coronavirus crisis takes an “unprecedented” toll on the region’s service sector and major export destinations, the IMF said. Brought to you by UK Fashion Network. Read More: https://ift.tt/2XQt6Hx https://ift.tt/2Nf0Wi7

Valentino launches live Instagram performance series with Alicia Keys

https://ift.tt/eA8V8J Pierpaolo Piccioli and Maison Valentino said on Friday that they’re creating “a bond with their friends and [the label’s] community through a new series of live performances on the brand’s official Instagram account”. Brought to you by UK Fashion Network. Read More: https://ift.tt/3bkZTsc https://ift.tt/2Nf0Wi7

Valentino launches live Instagram performance series with Alicia Keys

https://ift.tt/eA8V8J Pierpaolo Piccioli and Maison Valentino said on Friday that they’re creating “a bond with their friends and [the label’s] community through a new series of live performances on the brand’s official Instagram account”. Brought to you by UK Fashion Network. Read More: https://ift.tt/3bkZTsc https://ift.tt/2Nf0Wi7

Valentino launches live Instagram performance series with Alicia Keys

https://ift.tt/eA8V8J Pierpaolo Piccioli and Maison Valentino said on Friday that they’re creating “a bond with their friends and [the label’s] community through a new series of live performances on the brand’s official Instagram account”. Brought to you by UK Fashion Network. Read More: https://ift.tt/3bkZTsc https://ift.tt/2Nf0Wi7

Beauty booms but fashion lags in crisis, availability beats quality – report

https://ift.tt/eA8V8J Consumer purchasing behaviour is shifting as priorities change, money gets tight, and product shortages and store closures have an impact. Sports and beauty are benefiting but clothing is lagging behind. Brought to you by UK Fashion Network. Read More: https://ift.tt/3etVbum https://ift.tt/2Nf0Wi7

Beauty booms but fashion lags in crisis, availability beats quality – report

https://ift.tt/eA8V8J Consumer purchasing behaviour is shifting as priorities change, money gets tight, and product shortages and store closures have an impact. Sports and beauty are benefiting but clothing is lagging behind. Brought to you by UK Fashion Network. Read More: https://ift.tt/3etVbum https://ift.tt/2Nf0Wi7

Edinburgh Woollen Mill negotiates pandemic clauses for Bonmarché leases

https://ift.tt/eA8V8J A number of retail landlords have reportedly agreed to include a pandemic clause into new Bonmarché leases, allowing the retailer to take on new shop leases without paying any rents until the lockdown is lifted. Brought to you by UK Fashion Network. Read More: https://ift.tt/3bjv07s https://ift.tt/2Nf0Wi7

Edinburgh Woollen Mill negotiates pandemic clauses for Bonmarché leases

https://ift.tt/eA8V8J A number of retail landlords have reportedly agreed to include a pandemic clause into new Bonmarché leases, allowing the retailer to take on new shop leases without paying any rents until the lockdown is lifted. Brought to you by UK Fashion Network. Read More: https://ift.tt/3bjv07s https://ift.tt/2Nf0Wi7

Dunhill launches Instagram series with creative director Mark Weston

https://ift.tt/eA8V8J Hosted by the brand’s creative director, ‘Dunhill Community: Live’ will see Mark Weston engage with music artists, actors and creatives in a series of weekly conversations launching on Instagram Live every Friday. Brought to you by UK Fashion Network. Read More: https://ift.tt/2XKA0hE https://ift.tt/2Nf0Wi7

River Island e-store reopens as ParcelHero says “no longer a sin” to sell fashion online

https://ift.tt/eA8V8J River Island is the latest fashion retailer to reopen its e-store with the news coming as delivery firm ParcelHero said consumers are judging businesses selling non-essentials like fashion less harshly. Brought to you by UK Fashion Network. Read More: https://ift.tt/3crBzoG https://ift.tt/2Nf0Wi7

UK headed for historic slump as retail sales slide, firms close

https://ift.tt/eA8V8J Britain’s economy looks set for a widely feared record contraction after figures showed retail spending plunged by more than a quarter and one in four firms stopped trading temporarily due to the coronavirus lockdown. Brought to you by UK Fashion Network. Read More: https://ift.tt/3bgNdTf https://ift.tt/2Nf0Wi7

Cannes film festival June date abandoned, not possible ‘in original form’

https://ift.tt/eA8V8J The organisers behind the annual Cannes Film Festival have announced that the event — postponed from May until June — has now been cancelled and delayed, potentially until July, due to the global coronavirus crisis. Brought to you by UK Fashion Network. Read More: https://ift.tt/3csHxWB https://ift.tt/2Nf0Wi7

Farfetch still lossmaking in Q1, but GMV rises, China growth surges

https://ift.tt/eA8V8J Farfetch released some preliminary Q1 figures on Thursday. While it continued to grow, it has seen a slowdown in growth from its larger markets in Europe and North America of late, although China has accelerated.  Brought to you by UK Fashion Network. Read More: https://ift.tt/3coIH5s https://ift.tt/2Nf0Wi7

Vans adds Foot The Bill customisation to Europe to help local skate shops

https://ift.tt/eA8V8J Vans is launching its Foot The Bill customisation programme in Europe to support skate shops there. Stores in the UK, Germany, France, Italy and the Netherlands will receive the proceeds from exclusive custom designs. Brought to you by UK Fashion Network. Read More: https://ift.tt/3coh24m https://ift.tt/2Nf0Wi7

Zalando sees sports and loungewear boom, but Q1 will be loss-making

https://ift.tt/eA8V8J Zalando had lots of news on Thursday, sharing details of what people are buying during the pandemic (comfort clothing and sportswear), its expected Q1 operating loss and initiatives to support its partners and cut costs. Brought to you by UK Fashion Network. Read More: https://ift.tt/3aeRlC2 https://ift.tt/2Nf0Wi7

Estée Lauder, PVH and VF announce further donations to Covid-19 relief

https://ift.tt/eA8V8J A number of fashion and beauty industry players announced initiatives to support Covid-19 relief on Wednesday, with Estée Lauder and PVH both pledging $2 million, while VF revealed a donation of $1.5 million. Brought to you by UK Fashion Network. Read More: https://ift.tt/34FKlwI https://ift.tt/2Nf0Wi7