British retail to lose further 5,000 jobs in blow to economy


By Kate Holton

LONDON (Reuters) – Britain’s high street faces more than 5,000 job cuts after two of its biggest names said that customers were unlikely to return to their old shopping habits after the coronavirus crisis, in the latest blow to the country’s ailing economy.

Health and beauty chain Boots and department store John Lewis on Thursday joined other retailers in warning that they had to close stores to survive after customers moved online and remained wary of returning to town centres.

Boots, owned by Walgreens Boots Alliance <WBA.O>, announced 4,000 cuts in a blow to British finance minister Rishi Sunak, who announced his latest plan to save jobs on Wednesday, while John Lewis said it could lose 1,300.

Thousands of job losses have already been announced by the menswear shop TM Lewin, department stores Harrods and Debenhams, fashion stores Oasis, Warehouse, and Arcadia, and the DIY outfit Travis

Black-Owned Health and Wellness Businesses to Support Now and Always


As the country is still grappling with the tragic death of George Floyd and the ongoing protests in its wake, musician and activist Calvin Martyr has launched #BlackOutDay2020 on July 7. This campaign calls for an economic boycott where the Black community pauses on buying to highlight their economic spending power. If they do spend money, they are encouraged to buy from Black-owned businesses only.

Just like the fashion and beauty industries, the wellness and health space is full of brands that are founded and run by Black women and men. Whether they’re selling aromatherapy candles, producing fitness-minded podcasts or shattering stigmas of what it means to be “well” for Black women, each of these companies was once just a dream and is now a hard-earned reality.

But don’t just shop these Black-owned businesses today, or this week. Support them regularly, engage with them on social media and spread

U.S. Cases Rise 1.2%; Call for Antibody Therapy: Virus Update


(Bloomberg) —

U.S. virus cases increased by 1.2%, less than the seven-day average of 1.8%. A former Food and Drug Administration head said the U.S. needs a better pandemic strategy and should start by stockpiling therapeutic antibodies before authorizing their use.

A top Houston-area county official pleaded with Texas state leaders to let him issue a stay-at-home order. Israel is considering new restrictions after Prime Minister Benjamin Netanyahu said a resurgence is creating an emergency.

Mexico overtook France with the fifth-deadliest outbreak and the World Health Organization reported a one-day high for global cases Saturday.

Key Developments:

Global Tracker: Cases top 11.3 million; Deaths exceed 531,000World economy that took elevator down faces steep stairs back upNigerian security response to Covid is deadlier than the diseaseMexico overtakes France to have fifth-deadliest virus outbreakAustralian state to give lockdown residents payout, suspend rent

Subscribe to a daily update on the virus from Bloomberg’s

Controversy, fireworks and personal fascination


President Donald Trump’s trip to Mount Rushmore Friday for flashy fireworks and military flyover is the culmination of his years-long push to bring a July Fourth display back to the larger-than-life monument to four American presidents that has long fascinated him.

But the visit also comes as the nation in recent weeks faces a fresh reckoning of monuments around the country seen by many as symbols of racism and oppression, rather than freedom and greatness, and has raised both public health and environmental concerns.

PHOTO: The sun rises on Mt. Rushmore National Memorial near Keystone, South Dakota, Sept. 11, 2002. (Laura Rauch/AP, File )

MORE:Trump holding large-scale July 4th event at Mount Rushmore despite coronavirus risks

Mount Rushmore’s controversial past

While many view the Mount Rushmore monument with awe and national pride, others such as Nick Tilsen, a member of the Oglala Lakota tribe and the president of

How to Build Brand Equity in the Face of a Crisis


Click here to read the full article.

In challenging times, maintaining brand equity is fundamental, and as the landscape changes as a result of COVID-19, consumers are seeking relatable information and stories.

That’s the word from Launchmetrics, a brand performance cloud used by fashion, luxury and beauty executives, which just issued a new report, “Marketing Reset: The Voices Impacting Brand Performance During COVID-19.” The study reveals strategies brands need to consider in their marketing approach during this reset time.

More from WWD

Michael Jais, chief executive officer and founder of Launchmetrics, held a 45-minute virtual press conference Wednesday morning sharing highlights of the report, which sheds light on how decisions brands make today will ultimately affect how their businesses perform tomorrow.

In a time when marketing plans of fashion, luxury and beauty brands around the world were paralyzed, the data suggests a “return to realism.” During the crisis,

Reset: Consumer Behavior


Click here to read the full article.

Beauty consumers will never be the same.

On the heels of a global health crisis and social uprising demanding true justice for all, everything from how we buy to what we expect from the brands we use has been permanently altered.

“We’ve been seeing remarkable behavior changes across so many categories as a result of the pandemic, and beauty is no exception,” says Kristopher Hull, senior vice president, senior client officer at Ipsos.

“The pandemic has had an impact on what [people] buy, where they buy it, their openness to new brands,” he continues. “Also, it’s having an impact on how they think about shopping after the pandemic eases up and as the economies reopen.”

As confinement is being rolled back in countries around the world, people’s appearance remains important to them. Just under 60 percent of those recently polled worldwide by Mintel