With the second wave of COVID-19, a second wave of lockdowns is also rolling across Europe. Several countries close non-essential stores. Here’s an overview of the lockdowns and their impact on retail in Europe.
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Court does not respond to Mega World's request for protection against creditors and appoints two provisional administrators. They are likely to prepare the company for bankruptcy.
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For the second time this year, Belgium has decided to impose a severe lockdown in the fight against the coronavirus. All non-essential stores will remain closed for six weeks from Monday 2 November.
Amazon sold 37% more this summer, while profits even tripled. The corona effect continues, even more than analysts had expected. Christmas will be "unprecedented", according to Jeff Bezos.
Auction site eBay was able to significantly increase its turnover and profit in the third quarter. The company took full advantage of the corona crisis and is raising its annual expectations.
Soon, shopping will also be possible on TikTok: the popular video app will join forces with Shopify so that nearly one million retailers can offer their products directly to users of the social network.
Facebook subsidiary WhatsApp expands its options for businesses: while some retailers already let customers order via the messaging app, buying via WhatsApp will soon become an official option.
Decathlon turns its Belgian webshop into a platform on which other brands and partners can sell their sporting products – from Adidas to local start-ups. The project will be rolled out to other countries as well.
Despite the corona crisis, Unilever has had a more than solid quarter. In particular, the company sold more products through supermarkets, compensating for the decline in sales in the out-of-home segment.
Nearly 60% of all online sales worldwide are made by just six large companies. Four of these are based in China. This is shown in a new report from Activate Consulting.
Procter & Gamble is not hurt by the corona crisis. The FMCG giant saw a sharp increase in sales and profits in the past quarter, fuelled by increasing demand for laundry and cleaning products during the pandemic.
Hema has a (preliminary) deal with acquisition candidate Parcom and Jumbo family Van Eerd. The consortium has eight weeks to complete the financing. Meanwhile, the department store chain is also announcing good quarterly results.
Fast-growing Chinese discount chain Miniso is now also set to conquer the French market: on Tuesday, the first branch in Paris has opened its doors. The retailer wants to open two more French branches this year.
Action is testing a new store concept, which is twice as big as usual: in France, a 1,600 m² store has opened its doors, the largest of the non-food discounter to date.
There is only one takeover candidate left for Hema: Dutch investor fund Parcom and Jumbo owner Van Eerd are starting exclusive negotiations with the shareholders of the chain. Former owner Marcel Boekhoorn would no longer participate.
At the head office of Monoprix in Clichy, Casino presented the 'BlackBox': it is the first autonomous store of the French retailer. In contrast with Amazon Go, no expensive cameras are used here. But that is also the weakness of the system.