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.
As more and more people travel by train, retail at railway stations is growing and this week, the UK's Network Rail said that it has seen a 4.48% growth in sales at Britain's biggest and busiest stations.
The Danish jewellery maker will remove 180 jobs from its three regional offices as part of a strategic reorganisation to ensure faster operations. The move will see all three regional presidents lose their titles.
Italy's fashion industry expects revenues to fall as the coronavirus outbreak hits sales, an industry official said on Tuesday, as jewellery maker Pandora warned business in China had ground to a halt.