Net-A-Porter's U.S. site is down to a single page announcing the closure of its distribution center and its inability to accept returns. Image credit: Net-A-Porter Luxury Daily's live new:
LVMH expects first-quarter revenue to drop 10-20pc over COVID-19 measures
French luxury conglomerate LVMH has warned that revenue in the first quarter of this year will fall between 10 percent and 20 percent as the COVID-19 coronavirus outbreak has stalled retail and manufacturing operations.