After a two-month lockdown, the stores on Paris’s Champs-Elysées avenue opened again at 10 am on Monday, some with their customary queues outside, though the usual throngs of foreign tourists were sadly missing.
Some business-as-usual is continuing in fashion retail, despite the coronavirus pandemic and the lockdown that it has led to and Allsaints has released a new summer campaign that it had photographed before the lockdown.
Beiersdorf said on Tuesday that its super-prestige skincare brand la Prairie has taken a major hit on the back of the coronavirus crisis with the travel retail channel weak and likely to stay that way for some time.
French multimedia conglomerate Lagardere on Thursday reported a 12.5% fall in first-quarter revenue on a like-for-like basis as coronavirus-related travel restrictions and border closures hit its travel retail business.
The number of British people leaving their homes to go shopping has slumped by 83% since the government closed non-essential retail outlets last month, the British Retail Consortium trade body said on Monday.
The shopping centre owner, whose portfolio of leading retail destinations include Brent Cross, Grand Central and the Bullring, is observing the government’s ban on all non-essential travel within the UK.
Swiss firm Dufry is cutting jobs and guiding for a single-digit decrease in organic sales this year as the coronavirus pandemic that prompted U.S. President Donald Trump to ban air travel from Europe hits its business.