Neiman Marcus Group is said to be preparing to seek bankruptcy protection as soon as this week, becoming the first major U.S. department store operator to succumb to the economic fallout from the coronavirus outbreak.
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.
E-tailer Net-A-Porter is taking orders via its UK website once again, although these orders won't be fulfilled just yet as the company’s London warehouse remains closed for now. Its US site is also open for pre-orders.
The Modist has closed its doors, not just for the duration of the global lockdown, but permanently. The modest fashion luxury e-tailer said that it’s ceasing operations having taken a huge hit due to Covid-19.