bedrijfsresultaten

The annual results finally published by Belgian fashion group FNG raise more questions than they answer: despite admitting to "dubious" affairs, no one is talking... Even the new CEO Yves Pollé seems to have something to hide.

The coronavirus crisis has hit Inditex hard: the Spanish fashion group's quarterly turnover was halved, while profits ended below zero for the first time ever. To make matters worse, recovery is going slower than expected: only in China and Korea has the situation returned to normal.

American department store chain Nordstrom suffered a 40?% turnover decrease in the quarter ending 2 May, but the company says it believes in a bright future after Covid-19. After all, many competitors fare even worse.

Ralph Lauren is the next in line to take a corona hit: in the last quarter (January to March), turnover took a worldwide double-figure drop. For the full year (April to March) results went down as well.

Alibaba saw its turnover climb 35?% in the past fiscal year, beating its own forecasts by a landslide. The coronavirus crisis pushed the platform's total sales over a trillion dollars, a record.

Despite a growth in food sales, Marks & Spencer saw its profits drop 21.2 % last year. The coronavirus crisis makes tough measures necessary, but also opens opportunities.

Non-food discount retailer Action reached the five billion euro turnover mark last year. Owner 3i now estimates the discounter's value at 10.25 billion euros and calls the coronavirus crisis just a "short-term disruption".