What with retail in Germany?

Sort of satisfied, fear of discount battles, hope for the opening of all stores–this is how the mood in the fashion industry can be described after the first week with the partial opening of the stores in Germany. Almost two-thirds of the fashion retailers were satisfied with the restart.

This is one of the results of an online survey carried out by our sister publication TextilWirtschaft among more than 200 managers in the retailing sector this Monday. The result is somewhat put into perspective, as most of them had not set the bar very high for this first week of partial opening. Only 30% said they expected more from this new opening week.

At just under half, sales were significantly lower than in a "normal" April week. The situation was similar in terms of frequency. The picture in terms of customers' buying behavior is completely mixed. Every second retailer said that his customers were more reserved than usual.

However, this was not reflected in the level of the sales receipts. When asked about this, half of the retailers stated a higher conversion rate. Every third retailer recorded higher receipts. "The frequency was lower, but virtually every customer had the intention to buy. The price was not important at all," said one trader. The women were clearly in a stronger shopping mood; the retailers with womenswear ranges were consistently more satisfied with sales than their colleagues with menswear shops.

Source: https://www.sportswear-international.com/news/stories/Business-A-week-of-semi-opening-This-is-how-the-retail-sector-sees-the-situation-15304

Comments

Italy: Firms shake lockdown using shortcut in coronavirus law

Italy: Firms shake lockdown using shortcut in coronavirus law The government last week extended non-essential business closures to May 3. But more than 100,000 mainly small- and medium-sized companies have applied to keep going or partially reopen. In principle, a key hurdle for companies to do business should be that they can prove they are part of a supply chain to businesses that are deemed “essential” in a government decree, such as food, energy or pharmaceutical companies. But the government, facing a backlog of applications, has clarified Italy’s lockdown laws to say no companies need to wait for government approval to go ahead. More than 105,000 firms have applied to be considered part of essential supply chains, the interior minister said on Wednesday, in a guideline on its website to clarify the lockdown rules. Of those, just over 2,000 have been turned down and told to suspend their business. More than 38,000 are being investigated and the rest are waiting to be...

German government overreacted on COVID-19

German government overreacted on COVID-19 Christian Drosten, director of Berlin's Institute of Virology at the Charité Hospital, spoke to The Guardian on Sunday, days after the country began lifting some lockdown restrictions. Germany's lockdown started to lift on April 20, with the opening of smaller businesses like car dealerships, bike shops, and book stores. The country plans to start reopening schools on May 4. Drosten said he felt like the government was being pressured to reopen, and that he feared that a blasé attitude toward the relatively tame outbreak in Germany could lead to a new burst of infections. The basic reproduction number, also known as R0, represents the average number of people a single patient is expected to infect and is a key figure to measuring countries' outbreak. You can read Business Insider's explainer to it here. More: https://www.businessinsider.com/germany-coronavirus-restrictions-so-effective-people-think-overreaction...

France Cancels All Sports Leagues Until September

France Cancels All Sports Leagues Until September According to the French Government, the country’s lockdown has saved 62,000 lives. In light of the promising numbers, Philippe said it was time to ease some quarantine restrictions to avoid an economic collapse. But sports will not be a part of the country’s recovery effort. On Tuesday, French Prime Minister, Édouard Philippe, said that all French professional sporting events will be banned until September. Around Europe, other leagues are making decisions about their season’s salvageability. Holland’s top soccer league has been canceled. Additionally, Belgium and Scotland plan to shut their soccer leagues down soon. Germany’s Bundesliga, England’s Premier League and Italy’s Serie A, however, will reportedly resume their seasons in the coming months. No fans in stadiums, no players playing, no pro sports for the rest of the summer in France. But, for France, sports are not an essential business. That’s not the case in Am...

Business advice

Search This Blog