The corona pandemic has caused a digital acceleration at Ikea. The retailer managed to save the furniture during the lockdowns thanks to the roll-out of click & collect services.
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The corona crisis did not harm online marketplace Etsy. On the contrary, the platform which mainly offers vintage and handmade items was able to easily double its turnover in one year.
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Greenyard continues to grow and is becoming more profitable thanks to the corona crisis. The fruit and vegetable supplier uses the current climate to clear its towering mountain of debt.
The corona crisis has, at best, slowed down the growth of Action, but has not been able to stop it. Over the past twelve months, the discounter has opened another 115 branches.
Despite a declining turnover, Burberry wants to offer fewer discounts in the near future. The luxury retailer is determined to guard its brand image as the company is attracting new customers in China, South Korea and the United States.
Thanks to strong online growth, Adidas was able to limit the loss of sales to 7% in the third quarter. Exchange rate effects weighed heavily on the results. Concerning its fourth quarter, the company remains very cautious.
In the third quarter, Alibaba again exceeded expectations, supported by growing e-commerce and the termination of the lockdown in China.
For the first time in 94 years, iconic department store chain Marks & Spencer reports a loss: profits in the past six months have been below zero. Yet there are also signs of recovery.
It was an exceptional third quarter for Zalando: the online clothing retailer saw sales rise with 29.9%. The platform aims to digitise more physical merchants. Also in Belgium, where fashion chain LolaLiza joins as a new partner.
Inter Ikea, master franchiser of the Ikea stores, saw its profit grow by 13% last year, exceeding 2 billion euro. Consumers spend more on furniture in times of corona, and margins increased.
Supermarket group Ahold Delhaize experienced strong growth again last quarter thanks to the corona crisis. Online sales are thriving: the retailer is announcing investments to significantly increase its e-commerce capacity.
A crisis always has winners and losers and it is clear that HelloFresh is in the winning camp. Helped by the corona pandemic, the mealbox supplier continues its dizzying growth trajectory undisturbed.
The corona crisis is also hitting department store chain Hema, which has therefore already written off some 100 million euro. The impact of the pandemic will continue to be felt in the years to come, expects the retailer, who nevertheless managed to halve its loss.
Primark saw its turnover and profits fall sharply in the last financial year. The corona crisis, and more specifically the first lockdown in the spring, weighed heavily on the results of the fashion retailer who does not have a web shop.
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.
French retail group Casino saw its comparable revenue increase in the third quarter, but continued to struggle in its home market. Analysts doubt whether the retailer will be able to benefit from the new French lockdown.