General
In the Netherlands, a curfew will be in place from 8.30 p.m. Friday, while in Germany, customers are no longer welcome with a mask made from textile. Which coronavirus measures still apply to retailers in Europe today?
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Fashion
Superdry saw its losses increase significantly in the first half of the broken fiscal year. Meanwhile, the coronavirus crisis continues to weigh on the British fashion group. The start of the third quarter also appears to be anything but successful.
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.
The lockdown hits Hema hard. The retail chain is cancelling all running orders, will not be placing any new orders for the time being, and will pay its suppliers late.
Na de forse uithaal van Hema-baas Tjeerd Jegen heeft Albert Heijn beslist om een 1+1-actie met badhanddoeken stop te zetten. Jegen verweet zijn concurrent een gebrek aan solidariteit nu de Hema-winkels in Nederland langer dicht moeten blijven door de verlengde lockdown.
In the Netherlands, the lockdown is extended by three weeks. Non-food representative INretail insists on substantial additional support measures.
(Update) Germany will be back in lockdown from Wednesday, with closed stores, schools and cultural institutions. The Netherlands are following this example starting midnight. What is Belgium doing?
The end of the lockdown is in sight for Belgian retailers: next Tuesday, on the 1st of December, all stores may reopen. Retailers must strictly respect the known security measures, however.
In France, Black Friday will be delayed by one week: Minister of Economy Bruno Le Maire is asking for the sales event to be postponed. Retailers agree on the condition that all stores are allowed to reopen.
With the second wave of COVID-19, a second wave of lockdowns is also rolling across Europe. Several countries close non-essential stores. Here’s an overview of the lockdowns and their impact on retail in Europe.
For the second time this year, Belgium has decided to impose a severe lockdown in the fight against the coronavirus. All non-essential stores will remain closed for six weeks from Monday 2 November.
Primark has lost almost 900 million euros to the coronavirus crisis: the Irish fashion discounter now expects its full-year profit will drop by almost 70 %.
Retailers will spend the next few months trying to get their businesses running again, often in very difficult circumstances. By September a picture will emerge: who can survive and who will drown? Five dangerous trends say the latter group could be quite large...
Stores in various European countries (like Austria, Czechia and Germany) are gradually allowed to reopen. Where are shops resuming their activities and in which countries do they remain closed? An overview of the measures taken throughout Europe.
