Intu is refusing to let some larger "well-capitalised" tenants avoid paying store rents and service charges during the Covid-19 crisis, saying that it doesn't have the "financial capacity to bankroll" global brands.
The Californian company has reaffirmed its 2020 guidance, despite seeing a "significant decline" in recent retail sales due to the Covid-19 pandemic, and has announced that its China operations are back to normal.
Half-year results for MySale Group on Wednesday looked weak. But the firm also said it’s been boosted by current market volatility with more product available to it and more brands wanting to sell via its marketplace.
L'Oréal announced on Monday that it predicts a year-over-year decrease of around 5% in its first-quarter sales due to the ongoing Covid-19 pandemic. The company also withdrew its annual financial guidance.
The American cosmetics retailer announced on Monday that it will be paying workers in its distribution centers a $2-per-hour wage premium to thank them for their continued work during the ongoing Covid-19 pandemic.
Malls giant Hammerson said Monday it has received “a variety of requests for rent deferrals, which we are reviewing on a case-by-case basis” across its properties in the UK, Ireland France and other European countries.
The first week of home isolation and closing stores in the UK saw mixed results for e-tail, which slowed by 2.2% year-on-year, even though week-on-week sales accelerated due to stockpiling. But fashion saw a huge plunge.
Running across multiple channels, the campaign will aim to change people’s behaviour in countries across Africa and Asia to raise awareness of the need for proper hand hygiene to stop the spread of Covid-19.