Primark has lost almost 900 million euros to the coronavirus crisis: the Irish fashion discounter now expects its full-year profit will drop by almost 70 %.
» Read more
Sainsbury's, the second largest supermarket chain in the United Kingdom, had a strong 'Covid quarter': in the midst of the corona crisis, its turnover rose sharply as online sales more than doubled.
» Read more
Swedish fashion chain H&M recorded a net quarterly loss for the first time in decades: sales halved as a result of the lockdowns and price cuts put pressure on margins.
The coronavirus crisis hit Nike hard, with the sportswear brand suffering an unexpected net loss and a 38 % drop in sales in the last quarter. The reason for the net loss is the expensiveness of e-commerce, apparently.
Belgian shoe store chain Torfs achieved a turnover increase in 2019, but higher costs meant that profit dropped to almost zero - and that was before the Covid-lockdown that cost the chain 22 million euros in sales.
The corona crisis did Colruyt Group no good: the supermarkets lost market share in the second half of the year and during the lockdown. Sales growth over the financial year 2019/20 remained below expectations.
The annual results finally published by Belgian fashion group FNG raise more questions than they answer: despite admitting to "dubious" affairs, no one is talking... Even the new CEO Yves Pollé seems to have something to hide.
Belgian fashion group FNG has had an abysmal 2019, and the Covid-ridden 2020 promises to be even worse. A tough recovery plan seems highly necessary.
The coronavirus crisis has hit Inditex hard: the Spanish fashion group's quarterly turnover was halved, while profits ended below zero for the first time ever. To make matters worse, recovery is going slower than expected: only in China and Korea has the situation returned to normal.
In its financial year 2019, Spar International achieved a worldwide turnover of 37.1 billion euros (+ 4.35 %). During the corona crisis, the proximity stores proved to be of vital importance.
American department store chain Nordstrom suffered a 40 % turnover decrease in the quarter ending 2 May, but the company says it believes in a bright future after Covid-19. After all, many competitors fare even worse.
Abercrombie & Fitch saw its losses grow by an astonishing 1180 % in the previous quarter, while turnover dropped by a third due to the Covid-19 crisis.
Ralph Lauren is the next in line to take a corona hit: in the last quarter (January to March), turnover took a worldwide double-figure drop. For the full year (April to March) results went down as well.
Dutch Hema has decided to delay publication of its full-year results for the second time, as accountants struggle to declare the chain viable.
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.
The collapse of wholesale sales have cut Urban Outfitters' turnover back by almost a third in this year's first quarter. A healthy profit made way for a nine-figure loss, forcing yet another company to cut management wages and bonuses.