Fashion
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.
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Food
This year, food retailers are bringing the out-of-home experience into homes, making e-commerce profitable, and helping customers to be healthier. At least that is what research firm IGD predicts for 2021.
Alan Jope, CEO of Unilever, thinks global consumption will remain at a low level for a while, despite signs of improvement in East Asia, Latin America and elsewhere.
General
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.
It will not be easy for food retailers to beat the record figures they recorded in the corona year 2020, but in any case, the pandemic has amplified some trends that will determine the food sector this year and in the years to come. An analysis.
The current pandemic offers new opportunities for innovation: e-commerce is becoming more personal and social, while the shopping experience is becoming digital and contactless. Innovation can move fast, as the past year has proven.
Primark has issued a new turnover warning as two-thirds of all stores are closed due to stricter Covid-19 measures in the UK. The retailer fears the restrictions will knock more than 200 million pounds off sales.
What does 2020 teach us about the future of retail? There will be a wave of consolidation to face up to "monster ecosystems", believes Marc-André Kamel, head of the global retail department of consultant Bain & Co.
In order to gain market share in the Benelux, Amazon charges significantly lower prices than direct competitors such as bol.com, Coolblue or MediaMarkt. And that pays off: the webshop attracts more customers.
DIY
He is the founder of the ‘everythingl under one roof’ approach in do-it-yourself and a European forerunner in franchising. What does retail pioneer Manfred Maus, the founder of OBI, think about the future of luxury department store sector?
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.
(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?
In a new international study, Mondelēz International examined the role of snacks in the daily lives of consumers. Snacks appear to be a source of comfort and connection in times of corona.
(Update) French-Italian manufacturer and designer of glasses EssilorLuxottica seems to no longer be interested in buying GrandVision, the mother company of Eyewish and Pearl. But the company firmly denies these rumours.
Parent company Selfridges is helping De Bijenkorf to get through the corona crisis. The Dutch department store chain gets an additional credit line of 44 million euros.
