The Milan fashion and accessories show will return in phygital format with the WSM event on June 19-21, and is set to welcome back its participants in person on September 23-26 in the city’s Tortona Fashion District.
March was bad, April is expected to improve. That, in essence, sums up the latest sales report from the Confederation of British Industry (CBI) showing exactly what you already knew and probably expect for UK retail.
British retail sales have suffered their most widespread annual drop since May this month, according to a survey published on Tuesday which suggests that the latest lockdown is taking a heavy toll on many shops.
As if confirmation were needed, retail sales in January retail are set to be “bleak”. Even though UK sales volumes bounced back strongly from November’s lockdown, the CBI is predicting a big crash in January.
A raft of major stores are extending opening hours in a final push for pre-lockdown sales ahead of Thursday's deadline, with non-essential retailers set to face £2 billion in lost pre-Christmas weekly sales.
UK finance minister Rishi Sunak on Thursday unveiled fresh plans to help the pandemic-hit economy with a jobs support scheme to help people employed on shorter hours, but warned he could not save every business or role.