General

NIU, a Chinese brand of e-scooters, is opening its first Belgian store in Antwerp.

12:47: Supermodel Doutzen Kroes is ending her long collaboration with Hunkemöller. 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.

It will take at least a year to digest the corona crisis, says CEO Armin Devender of Galeria Inno, the Belgian branch of German department store chain Galeria Karstadt Kaufhof. The strategy for the future is clear: stores will be adapted to the local customer, with a focus on new visual merchandising, the company will open an online marketplace and is in talks with new partners in the food sector.

Retailers will spend the next few months trying to get their businesses running again, often in very difficult circumstances. By September a picture will emerge: who can survive and who will drown? Five dangerous trends say the latter group could be quite large...

Alibaba saw its turnover climb 35 % in the past fiscal year, beating its own forecasts by a landslide. The coronavirus crisis pushed the platform's total sales over a trillion dollars, a record.

Despite a growth in food sales, Marks & Spencer saw its profits drop 21.2 % last year. The coronavirus crisis makes tough measures necessary, but also opens opportunities.