Coronavirus

Carrefour Brasil's E-Commerce Surges, But Coronavirus Costs Curb Gains

Carrefour Brasil has seen its e-commerce sales more than triple over the past month as Brazilians have stocked up on food and other supplies during coronav...

Denmark's Economy May Decline By Up To 6% in 2020, Says Finance Ministry

Denmark's economy could shrink by between 3% and 6% this year as the country's businesses struggles with the effects of a lockdown to limit the spread of t...

Aldi Suisse Introduces Automated Customer Counting System

Aldi Suisse has introduced a digital customer counting system at the entrance to its branches, to maintain social distancing in the wake of the corona...

Coronavirus – Retail & FMCG Updates From Austria

As part of our efforts to keep you, the ESM reader, notified on the latest coronavirus-related developments in the retail and consumer goods sect...

Rémy Cointreau Expects Significant Profit Decline

French drinks group Rémy Cointreau is expecting total operating profit to fall between 25% and 30% in its 2019/2020 fiscal year, due to the impact o...

Naked Wines Expects Sales To Top Forecast As Demand Surges

UK-based online wine seller Naked Wine said that demand has risen during the coronavirus lockdown, and it now expects to top its 2020 sales forecast. Th...

Diageo Withdraws Forecast, Halts Buyback Programme

Diageo plc, the world's largest spirits maker, has abandoned its annual forecast for sales and profit growth, and suspended its £4.5 billion (€5...

7-Eleven Owner Sees Annual Profit Rises 3%, Holds Off On Guidance

Japanese retail group Seven & i Holdings Co has reported a 3% rise in annual operating profit, but held off presenting an outlook for the coming ye...