Day’s wrap: Marriott, Hublot, Sephora, Nordstrom, De Beers and US federal government

March 17, 2020

De Beers diamond engagement ring. Image credit: De Beers

Luxury Daily's live news:

Marriott to furlough tens of thousands of employees as coronavirus slams hospitality business
Marriott International, the world’s largest hotel chain with brands such as the Ritz-Carlton and Bulgari hotels, is set to place tens of thousands of employees on furlough leave as the hospitality business is devastated by the coronavirus outbreak.

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Swiss watch brand Hublot goes beyond government recommendation, shuts factory
LVMH-owned Swiss watch brand Hublot has taken the decision to shut its factory as a precaution against the COVID-19 coronavirus.

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Sephora, Nordstrom to close North American stores as COVID-19 fears amplify
Unlike other countries where quarantine decisions and lockdowns are uniformly mandated, the United States is piecemeal. That leaves it to individual retailers to make key decisions on employee and shopper safety.

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UK’s De Beers Jewelers turns to Oracle for mobile PoS tech
U.K.’s De Beers Jewelers has turned to tech giant Oracle’s technology to empower store associates and improve the retail experience for customers.

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Federal government needs to act quickly to put floor under US economy
What does Joe Brusuelas, chief economist to the middle market at RSM, have to say about the state of retail sales in the United States?

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Luxury retailers could be devastated by COVID-19 fallout
Social distancing and store closures are just the tip of the iceberg as luxury retailers brace for what is to come as the COVID-19 pandemic is turning the outlook from downturn into a potential recession.

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Day’s wrap: Marriott, Hublot, Sephora, Nordstrom, De Beers and US federal government

Mandarin Oriental hosts charity gala in London

Alexander McQueen exec lands CEO role at Harvey Nichols

Nordstrom family circles back on plan to go private

Ruinart to bring ‘Conversations with Nature’ to Frieze New York

‘Writing royalty’: Montblanc celebrates Meisterstück’s centennial

Jimmy Choo hits the green with golf-inspired capsule

Saks prelaunches seasonal styles from Prada

Audemars Piguet collaborates with American singer John Mayer

At Lalique Group, crystal sales see slight increase

‘Balmain Beach Club’ exclusives go live at Neiman Marcus