Despite the major impact of the corona pandemic, Inditex returned to profitability in the second quarter. Online growth is particularly strong and the retailer is taking further steps in its digital transformation.
» Read more
H&M continued to lose revenue this summer: in the quarter to the end of August, the fast-fashion group sold 16% less than last year. On the positive side, the fashion giant returns to profitability.
» Read more
JYSK achieved a record turnover of 4.1 billion euros in the past financial year 2019/2020. This represents a 7.6% growth, thanks to the corona crisis: people invested in their homes for their staycation.
In China, luxury consumption seems to have already overcome the coronavirus crisis: according to Prada, sales are once again reaching a level well above that of 2019.
Dutch cosmetics chain Rituals had hoped to reach a turnover of a billion euros this year, but Covid-19 decided otherwise. The new aim: avoid a turnover drop.
Belgian contacts webshop LensOnline has broken its record turnover last semester. Covid-19 has finally allowed e-commerce to break through to all parts of the population, the company says.
Belgian lingerie group Van de Velde has been hit hard by the Covid pandemic, and several stores in the United States will not open again. Still, the group sees hopeful signs and has therefore decided to pay out a dividend after all.
Abercrombie & Fitch seems to be on the rebound: after a record loss in the first quarter, the fashion group now reports a profit of 5.5 million dollars. Turnover, however, continues its drop.
Without turnover from Wales (after the divestment of Brecon Carreg) and out-of-home (due to the Covid-19 lockdowns), Belgian water producer Spadel saw its profit and turnover decrease with double figures.
Belgian fruit and vegetable producer Greenyard has seen its turnover lifted by 11.4 % in the first quarter, as the pandemic made people buy more fresh produce as well as stockpile canned and frozen foods.
Estée Lauder is yet another victim of the Covid-19 crisis: as consumers buy less cosmetics, the group feels forced to cut 2,000 jobs and close one in six stores.
E-commerce has given American retail giant Walmart a spring in its step during the Covid-19 crisis: the company's online sales almost doubled and the forced closure of restaurants meant that more Americans were buying food to cook at home.
Covid-19 has created a huge hole in Superdry's turnover, which fell 25 % despite online sales doubling. The company borrowed 70 million pounds (80 million euros) to prepare for a transformation.
Capri Holdings (Versace, Michael Kors, Jimmy Choo) has beaten analysts' expectations in the past quarter (April to June). Turnover dropped 66 %, but analysts had feared for much worse.
Adidas suffered a big Covid-19 blow in its second quarter, leading to a net loss of 295 million euros. However, the German sportswear brand is positive as demand has seen a huge recovery since lockdowns ended.
Spirits producer Diageo has seen its full-year profits halved due to the Covid-19 crisis and had to lower the value of its brand portfolio (including Guinness, Johnny Walker and Smirnoff) by 1.5 billion euros.