Marimekko said Thursday that its fourth quarter was strong and full-year 2020’s net sales almost reached the 2019 figure, despite the pandemic, while comparable operating profit rose in double-digits.
China is to become the first country in the world to see e-commerce sales outstripping sales through physical shops with a new prediction saying e-tail should account for 52.1% of all retail sales (by value) this year.
There may have been lots of news stories about interruptions to trade because of Brexit, but it seems that consumers in key European markets are still buying from Britain, data from eShopWorld (ESW) shows.
Retailers had been expecting a steady shift towards online shopping for some time, but the impact of the pandemic changed retail fast and the UK saw the equivalent of five years of e-tail sales growth in only a year.
Physical shops may be closed, but 52% of UK retailers are offering products specifically for Valentine’s Day. And 41% are expecting the event to give them a sales boost with average expectations of a 26% increase.
The owner of London’s Westfield shopping centres said on Wednesday it would massively trim down its US presence and complete a remaining €3.2 billion-worth of European asset disposals before the end of 2022.