The Irish clothing retailer Primark suffered a loss of sales of £540 million (€608m-$739m) in the 16 weeks to Jan. 2 due to store closures deriving from lockdowns in various European countries to combat the spread of the Covid-19 pandemic.
The American shoe retailer Designer Brands, formerly known as DSW, believes that the Covid-19 pandemic will continue to have a significant impact on its business next year and does not expect significant improvement until late spring 2021 or even the next back-to-school season.
The Irish clothing retailer Primark is expected to suffer a loss of sales of some £430 million (€476.1m-$579.1m) this autumn due to the second round of local Covid-19 lockdowns, according to its parent company, Associated British Foods (ABF).
The coronavirus pandemic has taken a heavy toll on Leder & Schuh Group. The Austrian shoe retailer, with its Humanic and Shoe4You brands, expects losses for the full year. Results will be “clearly negative,” according to a recently filed financial statement.