With North American retailers implementing store closures to combat the spread of Covid-19 since the weekend, Tuesday’s announcements have come from the likes of Macy's, Ralph Lauren, AEO, Foot Locker and Tapestry.
The Cincinnati-based department store operator reported slight declines in same-store sales over the holiday period on Tuesday, and announced the upcoming closure of 28 Macy’s locations and one Bloomingdale’s store.
Macy’s Inc cut its annual profit forecast for the second time this year on Thursday, blaming weak international tourism, warm weather and sluggish mall traffic for the first drop in same-store sales in two years.
Few houses are having a greater impact on fashion today than Balenciaga, thanks above all to the tenure of its Georgian émigré creative director Demna Gvasalia, who sent out a musing on arty power dressing on Sunday.
Virgil Abloh's latest show was a truly impressive statement, mashing up 1980s New York street and gallery art – Jean-Michel Basquiat, Keith Haring, Andy Warhol and Futura - with college dorm-room, derelict-dude style.