Fashion
Fast Retailing, the owner of Uniqlo amongst others, confirmed its forecasts for the 2020/21 financial year on Thursday. This is surprising at first glance, as 'motherland' Japan took stricter measures against the Covid-19 virus again a week ago.
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Primark saw its sales fall by thirty per cent in the last quarter. The cut-price fashion chain already published a turnover warning at the end of last year.
Food
Jumbo had a strong year and saw its turnover increase by some 15%. The Dutch retailer also announces a collaboration with catering group Vermaat for the operation of 44 La Place restaurants.
Sportswear giant Nike seems to suffer little from the corona pandemic. Even in a time of crisis, sales spurted almost a tenth higher, thanks to (Chinese) online shoppers.
General
Final agreement has been reached on the sale of Hema to Parcom and Mississippi Ventures of the Van Eerd family (Jumbo). The separtlent store chain also announced its quarterly results.
In the first half of its financial year, Colruyt Group achieved growth in revenue and operating profit. However, the group's food stores continue to lose market share.
Electronics
Thanks to a sharp increase in demand for electrical appliances during lockdowns and an enormous growth in e-commerce, Ceconomy, MediaMarkt's parent company, can present a good report.
Despite the impact of the coronavirus crisis, fashion group Inditex's revenue is picking up again. The retailer's online performance is particularly strong.
At constant exchange rates, H&M saw sales decline by ten per cent in the fourth quarter. Especially in the last weeks of the quarter, during the peak of the second wave of the coronavirus, revenue fell sharply.
Dutch ethical chocolate brand Tony's Chocolonely saw a substantial increase in turnover over the past financial year. Net profit, however, remained below target.
Cosmetics
Skin care brand L'Occitane saw sales plummet by 15% due to the coronavirus crisis. Nonetheless, the French natural cosmetics chain was able to weather the storm with Asian growth and strong online performance.
Furniture
The corona pandemic has caused a digital acceleration at Ikea. The retailer managed to save the furniture during the lockdowns thanks to the roll-out of click & collect services.
The corona crisis did not harm online marketplace Etsy. On the contrary, the platform which mainly offers vintage and handmade items was able to easily double its turnover in one year.
Greenyard continues to grow and is becoming more profitable thanks to the corona crisis. The fruit and vegetable supplier uses the current climate to clear its towering mountain of debt.
The corona crisis has, at best, slowed down the growth of Action, but has not been able to stop it. Over the past twelve months, the discounter has opened another 115 branches.
Despite a declining turnover, Burberry wants to offer fewer discounts in the near future. The luxury retailer is determined to guard its brand image as the company is attracting new customers in China, South Korea and the United States.
