On Wednesday, the German retail giant with more than 28,000 employees had to apply for insolvency protection proceedings. These proceedings will allow the group to terminate lease agreements quickly, but also makes it easier to get rid of employees, according … Continue reading
This letter combines two essential areas–preventing the spread of the coronavirus, and taking measures to revive business for the sake of the economic well-being of the state after the quarantine is over. Shopping and entertainment centers and businesses represented in … Continue reading
The Croatian Employers Association is a social partner to the Government of Croatia and the only representative of the Association of Croatian Business Entities. The primary goal is to support the initiatives of business sectors which are currently struggling due … Continue reading
Thomas Dries has been active in the banking area with a focus on real estate for almost 30 years. Most recently he was Deputy Head of Real Estate Finance at the Landesbank Hessen-Thüringen (Helaba), where he was responsible for the … Continue reading
The National Retail Association (NRA), Australian Retailers Association (ARA), the Pharmacy Guild of Australia (PGA) and the Shopping Centre Council of Australia (SCCA) have announced their shared commitment to ensuring business continuity in response to a common set of principles … Continue reading
This is the reason why AlbChrome and Spar Albania, both companies part of BALFIN Group, decided handing out food packages to 100 families. This initiative was implemented in collaboration with the NGO “Fundjava Ndryshe”, which also identified the families in … Continue reading
The measure will be temporary and will initially last 14 days. It will not affect jobs, which will remain intact. El Corte Inglés will make an extra financial effort to minimise the impact: it will supplement benefits so as to … Continue reading
By Pedro Barrera It is clear that the Covid-19 crisis will act as a catalyst for online retailing to establish itself firmly and increase the percentage of online sales in Spain more towards the rest of Europe. Certain operators will … Continue reading
Some of the most relevant data insights: Consumers Variations in footfall patterns in relation to the number of confirmed Coronavirus cases:Data insight from last week (16/03-22/03): Footfall was down by 75% on Sunday, 22/03, in Inner London – East county as … Continue reading
„While the spread of COVID-19 virus is causing an unprecedented damage to businesses and communities across the globe, our home markets in the Baltics are facing equally challenging financial prospects. Baltic Horizon Fund is managing capital entrusted to us by … Continue reading
By Renata Kinde-Czyż The coronavirus is devastating for the whole world’s economy. The Polish retail industry received a major hit with the shutdown of non-food stores. Its consequences are hard to foresee but it will certainly have an impact on the … Continue reading
GfK tracks actual weekly sales and pricing across major retail channels to identify the early signs of disruption and help to understand the extent and timing of any impact on supply chains, retail sales and consumer behaviour. In many markets … Continue reading
The corona crisis makes even major players anxious. These days, investor and billionaire René Benko has to worry about his department store group Galerie Kaufhof and Karstadt. He is negotiating with the German government about aid funds. “Existential threat“ The … Continue reading
The ailing German electronics retail chain Media Markt/Saturn requests government assistance due to the corona crisis. The parent company Ceconomy said that the Group decided to request funding from the German Reconstruction Loan Corporation (KfW). There is no official information regarding … Continue reading
By Dirk K. Wollweber Despite using the lurid “hashtag“ as a header, I am not an influencer. My posts on various social-media platforms are way too text heavy. But in spite of my advanced age I understood that such a … Continue reading
The first part of the research of the Austrian consulting company Standort + Markt focused primarily on the daily average loss of revenue in Austrian shopping malls and retail parks (see the ACROSS article here: 29.7 million euros gross lost revenue … Continue reading
Fashion retailer H&M does not want to pay any more rent for its stores in Germany. The retailer claims that the corona crisis led to the shutdown of all of its 460 H&M stores. “This is why we also informed … Continue reading
Many things have been written about these issues over the last few days. We have yet to see where this journey will take us. However, I tried to summarize what I deduced from these past, very eventful days in 5 … Continue reading
By Thomas Mark I’m not a forecaster, but I am a student of people. As a global concern, we’ve been on high alert to the risks of coronavirus and the consequences of a crisis since it first made the news … Continue reading
All of intu’s centres in the UK and Spain are operating on a semi-closed basis. In line with the latest Government advice in both countries, only essential stores, such as supermarkets, pharmacies and banks, remain open. Rent for the second … Continue reading
