The military ordinance issued in the context of the Covid-19 pandemic makes an exception for suspending the stores that mainly sell food, electronic, pharmaceutical and pet shop products, as well as cleaning and optical services. The modern retail stock (malls, … Continue reading
Stockmann plc has decided to file for corporate restructuring After the first week of March, the coronavirus (COVID-19) epidemic in Europe has caused significant changes in the operating environment of Stockmann Group, with customer volumes decreasing suddenly. Despite continued strong … Continue reading
By Denis Cupic You may ask yourself which business entity is the most endangered by the corona virus. If you are not working in the retail or a retail real estate business, even though most of you who read this … Continue reading
By John Dee The speed with which the spread of the coronavirus has brought a near total shutdown to all aspects of life has been nothing short of breathtaking. Streets, arenas, stores and yes, shopping centers now stand quiet as … Continue reading
The German labor minister had deemed the behavior to be not responsible and pointed out that the firm had brought in strong profits in recent years, Reuters reported. Adidas said it would require credit despite having halted share buybacks, staff reducing their … Continue reading
Sponda is extending its support to ensure they are not forced out of business during this unprecedented time. This follows Parliament’s decision to close these businesses until 31 May 2020. Last week tenants in need were immediately offered interest free … Continue reading
By Peter Tonstad No one has a crystal ball and can predict all the ways in which the Covid-19 pandemic will impact the retail or shopping center industries, or how long it will be before we are looking at the … Continue reading
By Carmen Trepat In the Chinese language, the word “crisis” is made up of two characters, one represents “danger” and the other “opportunity”. Danger versus opportunity. This is what we are all going through, fear and uncertainty. We are looking … 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
