UK consumers seem to be ready to spend heavily for Christmas. They're patronising the webstores of their favourite physical retailers and are also waiting for stores to reopen next month, a new study shows.
Jewellery giant Pandora won't be closing any of its thousands of stores permanently as a result of the business downturn due to the pandemic. Its CEO said the business needs a seamless mix of online and offline.
Frasers’ execs may have been talking about potential store closures in recent periods, but the firm is also planning openings and has announced its first regional store since the pandemic began at Leicester's Fosse Park.
Danish jewellery giant Pandora has reported a return to growth before the pandemic hit but a downturn during March. It also said it's “in a strong financial position to sustain a prolonged Covid-19 crisis”.
The jewellery maker has closed all stores in the US, Italy, Germany, France and Spain in response to the public health emergency. All employees will continue to receive their full salaries for “at least” eight weeks.
Malls giant Eurocommercial Properties unveiled its coronavirus strategy Thursday morning given the large number of Italian shopping centres it has. And that strategy focuses on delaying rent payments for some tenants.