The corona crisis did Colruyt Group no good: the supermarkets lost market share in the second half of the year and during the lockdown. Sales growth over the financial year 2019/20 remained below expectations.
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Dutch non-food discounter Action is to trial click & collect in two of its French stores. The pilot is a direct consequence of the coronavirus crisis, which forced the chain to close all of its stores in several countries.
09:33: Doughnut chain Dunkin' has opened its first Belgian store in Antwerp, near the city's main railway station.
The coronavirus crisis will have an impact for a long time to come in the retail sector. This may be a threat, but it also offers new perspectives: many companies see opportunities to adjust their business model. Resilience is high, 'back to normal' is no option.
Non-food discounter Action is facing problems restocking its stores. Due to delays in China and reduced activity in distribution centres, the discounter was not prepared for the rush after lockdown ended in several countries. As a result, shelves still sit empty in some stores.
Stop & Shop, Ahold Delhaize's biggest chain in the United States, has cancelled the acquisition of King Kullen, often named America's oldest supermarket chain. This is largely due to the coronavirus crisis.
Belgian fashion group FNG has had an abysmal 2019, and the Covid-ridden 2020 promises to be even worse. A tough recovery plan seems highly necessary.
The coronavirus crisis has hit Inditex hard: the Spanish fashion group's quarterly turnover was halved, while profits ended below zero for the first time ever. To make matters worse, recovery is going slower than expected: only in China and Korea has the situation returned to normal.
European governments lose more than fifteen billion euros in revenue every year due to counterfeiting. A new survey also reveals that counterfeiting has close links with other types of organised crime and poses serious health risks.
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NIU, a Chinese brand of e-scooters, is opening its first Belgian store in Antwerp.
Italian fashion group Gucci has launched a virtual shopping service, which allows customers to communicate with staff through video chat. The company claims the project is unique in the luxury fashion sector.
The European Commission has formulated concerns regarding the acquisition of eyewear retailer GrandVision by EssilorLuxottica, fearing the resulting group could become too powerful as the French-Italian group is already an important producer of eyewear.
Belgian interior chain Casa International, active in eight countries, has applied for protection against creditors as the corona crisis has wiped out turnover. However, no store closures or redundancies are planned for the time being.
German fashion chain Tom Tailor has reached an agreement on financial support with its creditors and the German government. The ailing company will receive an additional loan of 100 million euros with a state guarantee.
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Both Just Eat Takeaway and Delivery Hero have shown interest in taking over the American competitor GrubHub. In the meantime, the latter also continues talks with Uber Eats.
Although the French department stores have reopened since 29 May, traffic at Galeries Lafayette is still very calm. The corona crisis will cost the iconic department store group a total of more than a billion euros, causing the group to apply for state aid.
The ailing department store chain Galeria Karstadt Kaufhof bids farewell to top executive Stephan Fanderl and will have to find a new CEO to manage the urgent restructuring.
Fashion group FNG (Brantano, Miss Etam, ...) has appointed Yves Pollé as its new Chief Executive Officer ad interim. He has to help the Belgian group to implement its recovery plan.
By 2030, the Carrefour group aims to reduce the CO2 emissions of the products it sells in its stores by 30%. The focus is on vegetable alternatives, local products and sustainable packaging.
AB InBev has started testing its own direct-to-consumer webshop. The Belgian beer giant offers next-day delivery for five of its brands.
12:47: Supermodel Doutzen Kroes is ending her long collaboration with Hunkem?ller. The Dutch model has worked for the lingerie retailer for more than five years, but thinks the time has come for new challenges.
It is looking increasingly unlikely that LVMH will pay the agreed sum of 16.2 billion dollars for American jeweller Tiffany & Co. The French luxury group wants to get out of the deal or arrive at a lower takeover fee.
Russian food retailer VkusVill has started looking abroad to continue its fast growth. The chain has opened its first store outside of Russia in Amsterdam.
British consumers can get their fix of Nestlé snacks, candy and coffee delivered to their doorstep, thanks to a new collaboration with Deliveroo.
How about hosting your event in an Antwerp icon? The Stadsfeestzaal, a shopping centre located on the city's main shopping street Meir, welcomes more than 100 guests in style and with all the necessary precautions against Covid-19. What better place to organise your event than an impressive retail monument?
Cancelled garment orders in Bangladesh can be saved from landfill thanks to Lost Stock, a British initiative that allows consumers to order clothes directly from textile factories in "surprise boxes".
French clothing webshop 3 Suisses has applied for and been granted protection against creditors in a move that, for once, seems to have nothing to do with the current coronavirus crisis.
Amazon will hold its first fashion sale at the end of the month: 22 June will mark the kick-off for its "Biggest Summer Sale", just when several countries have postponed their summer sales due to Covid-19.
Belgium's biggest supermarket chain, Colruyt, is launching a test store in Brussels to see if it can expand into the professional market. This would be another blow to the ailing Metro branch in the country.
Harrods is to open a pop-up outlet store in a London shopping centre next month, to deal with overstock while obeying social distancing.
In its financial year 2019, Spar International achieved a worldwide turnover of 37.1 billion euros (+ 4.35 %). During the corona crisis, the proximity stores proved to be of vital importance.
A Dutch court has banned Nestlé from using the name 'Incredible Burger' for its plant-based products, as it is deemed too similar to American 'Impossible Foods'. The Swiss food giant has said it will comply with the verdict for the time being, but it will also launch an appeal.
American department store chain Nordstrom suffered a 40 % turnover decrease in the quarter ending 2 May, but the company says it believes in a bright future after Covid-19. After all, many competitors fare even worse.
Abercrombie & Fitch saw its losses grow by an astonishing 1180 % in the previous quarter, while turnover dropped by a third due to the Covid-19 crisis.
In almost all European countries the supermarket chains' private labels again increased their market share last year. Switzerland, Spain and the United Kingdom remain at the forefront.