Retail sales in the eurozone recovered particularly well in May, when many countries eased lockdowns. Eurostat figures show this.
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Amazon founder Jeff Bezos, the richest man in the world, is richer than ever before: a year after his divorce, which was the most expensive divorce in history, he breaks his own record again.
Suit Supply receives 40 million euros in government-guaranteed loans. The shareholders of the of made-to-measure menswear retailer also inject another 20 million euros into the company after the corona crisis hit hard.
American luxury group Capri (Jimmy Choo, Michael Kors, Versace) fears a 70% loss of sales due to the corona pandemic. The group will therefore close 170 stores over the next two years.
Spanish fashion chain Mango attracted as many as 900,000 new online customers during the lockdown, almost doubling online sales. Digital transformation remains a priority for the company.
Investors seem to be very interested in department store chain Hema: American investment fund Flacks Group is presenting itself as a potential buyer. The fund is also looking at other chains in the Benelux.
German department store chain Galeria Karstadt Kaufhof will close six fewer stores than initially planned, following negotiations with landlords. As a result, some 750 endangered jobs will be saved.
Ailing fashion group FNG (Brantano, Miss Etam) rearranges its board of directors. Former Flemish television boss Paul Lembrechts becomes CEO ad interim.
To recover from the Covid crisis, fashion chain Esprit has to cut costs. Half of its 100 stores in Germany will be closed, 1100 people will lose their jobs. A further 100 jobs will also be lost in the headquarters in Hong Kong.
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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 %.
Belgian fashion group FNG will have to wait to next week to learn about its fate: a judge will take seven days to decide over the reorganisation plan. We have reported on the matter in great detail in Dutch, and summarised the most important facts in this English analysis.
The 'Stop Hate for Profit' movement is gaining momentum quickly: following The North Face's example, big names such as Starbucks, Unilever and Coca-Cola are now all taking a break from advertising on Facebook. In the meantime, the social network says it is taking measures against hateful content.
Luxembourg’s online shoppers are the most internationally oriented in Europe, Dutch consumers the least. Yet, Germany is the true cross-border king: the country is home to no less than 116 of the largest international online retailers.
Sainsbury's, the second largest supermarket chain in the United Kingdom, had a strong 'Covid quarter': in the midst of the corona crisis, its turnover rose sharply as online sales more than doubled.
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Swedish fashion group H&M plans to close 170 stores this year, following the coronavirus crisis and the losses incurred as a result. The focus will be more on e-commerce.
Belgian retailer Colruyt Group takes a majority stake in data specialist Daltix. Colruyt wants to expand its real-time insights into price and consumer behaviour, while Daltix hopes to realise its international growth ambitions.
The coronavirus crisis hit Nike hard, with the sportswear brand suffering an unexpected net loss and a 38 % drop in sales in the last quarter. The reason for the net loss is the expensiveness of e-commerce, apparently.
L'Oréal is going to remove all references to "whitening" on its skin products. The cosmetics group will no longer use words like "white" or "fair", in response to the current movement and protests against racism.
French baby store chain Orchestra Prémaman is going to fall back on the French-speaking part of Belgium, closing all stores in the Dutch-speaking part. "We have never been able to make a breakthrough there", founder Pierre Mestre admits.
The Covid crisis has hit certain department stores very hard: can they recover - and, if so, how? The book The Future of Department Stores sheds some light through own analysis and interviews with icons from the sector.
Two milestones in one for Dutch electronics retailer Coolblue: its new store in Brussels is its largest so far, and the first in (partly) French-speaking territory.
Swedish fashion chain H&M recorded a net quarterly loss for the first time in decades: sales halved as a result of the lockdowns and price cuts put pressure on margins.
The group of French family Zouari (current owners of frozen food giant Picard and one of Casino's major franchisers) wants to buy organic chain Bio c’Bon.
Belgian supermarket chain Delhaize has opened its biggest store yet in Schmiede (Grand Duchy of Luxembourg), measuring 3,450 sqm.
Dutch supermarket chain Jumbo has opened its fourth Belgian store in Antwerp. The product range has been adapted to the more varied, urban neighbourhood: compared to the first three stores, there is a larger offer in halal products, Eastern European brands and a sushi bar. However, one thing is strangely lacking...
It seems that the current scandal at Belgian fashion retailer FNG has been deeply rooted into its past. Is finding out who benefited the key to the secret? And what else will be uncovered?
The new owners of Dutch retailer Hema are already looking to sell their chain - and they are not very subtle about it. CEO Tjeerd Jegen says he will not accept just anyone.
Amazon is putting two billion dollars in a climate fund that the retailer plans to use for investing in 'clean' technologies. In doing so, the e-commerce giant wants to offset its huge ecological footprint, which appears difficult to reduce.
The potential sale of Lipton by Unilever is attracting a lot of interest: six groups of investors are already considering an offer, including the parent company of chocolate producer Barry Callebaut.
The coronavirus crisis has already cost the Belgian fashion chains some 1.2 billion euros in turnover, trade federation Comeos calculated.
In yet another lawsuit between Yves Saint Laurent and former artistic director Hedi Slimane, the French fashion house has once again emerged as the loser: YSL is sentenced to pay nearly 700,000 euros to Slimane for the use of Slimane's photos.
Belgian supermarket chain Delhaize wants to open 30 additional stores this year, on top of the 23 it already opened in the first half of this year. If anything, the coronavirus crisis seems to have given the chain a boost.
Outdoor brand The North Face has decided to stop running ads on Facebook, as civil rights organisations in the United States are calling for a boycott of the company (and its subsidiaries like Instagram).
Mars is going to review the brand image of its Uncle Ben's rice brand, in the context of the growing movement against racism. In the same fight, Quaker has vowed it will replace the image of its Aunt Jemima pancake mix.
Just months after completely exiting Asia, British supermarket chain Tesco is now also retreating from Poland. The chain has sold its 301 Polish supermarkets to a Danish group.