Monthly Archives: March 2020

El Corte Inglés unveils a temporary layoff scheme and guarantees all employees’ full wages

The measure will be temporary and will initially last 14 days. It will not affect jobs, which will remain intact. El Corte Inglés will make an extra financial effort to minimise the impact: it will supplement benefits so as to … Continue reading

Covid-19 impact on the retail sector in Spain

By Pedro Barrera It is clear that the Covid-19 crisis will act as a catalyst for online retailing to establish itself firmly and increase the percentage of online sales in Spain more towards the rest of Europe. Certain operators will … Continue reading

Geoblink launches an open portal to inform weekly on the Coronavirus impact across the retail ecosystem

Some of the most relevant data insights: Consumers Variations in footfall patterns in relation to the number of confirmed Coronavirus cases:Data insight from last week (16/03-22/03): Footfall was down by 75% on Sunday, 22/03, in Inner London – East county as … Continue reading

Baltic Horizon Fund offers relief measures to its SME tenants most affected by the COVID-19 pandemic

„While the spread of COVID-19 virus is causing an unprecedented damage to businesses and communities across the globe, our home markets in the Baltics are facing equally challenging financial prospects. Baltic Horizon Fund is managing capital entrusted to us by … Continue reading

Taking a closer look at Poland

By Renata Kinde-Czyż The coronavirus is devastating for the whole world’s economy. The Polish retail industry received a major hit with the shutdown of non-food stores. Its consequences are hard to foresee but it will certainly have an impact on the … Continue reading

GfK: How to navigate external shocks like COVID-19 and come out on top

GfK tracks actual weekly sales and pricing across major retail channels to identify the early signs of disruption and help to understand the extent and timing of any impact on supply chains, retail sales and consumer behaviour. In many markets … Continue reading

Investor René Benko requests government assistance for his companies

The corona crisis makes even major players anxious. These days, investor and billionaire René Benko has to worry about his department store group Galerie Kaufhof and Karstadt. He is negotiating with the German government about aid funds. “Existential threat“ The … Continue reading

Coronavirus: MediaMarkt/Saturn requests help from state

The ailing German electronics retail chain Media Markt/Saturn requests government assistance due to the corona crisis. The parent company  Ceconomy said that the Group decided to request funding from the German Reconstruction Loan Corporation (KfW). There is no official information regarding … Continue reading


By Dirk K. Wollweber Despite using the lurid “hashtag“ as a header, I am not an influencer. My posts on various social-media platforms are way too text heavy. But in spite of my advanced age I understood that such a … Continue reading

Daily loss of revenue amounts to up to 113 million euros for Austria’s stationary retail

The first part of the research of the Austrian consulting company Standort + Markt focused primarily on the daily average loss of revenue in Austrian shopping malls and retail parks (see the ACROSS article here: 29.7 million euros gross lost revenue … Continue reading

Germany: H&M, Adidas and Deichmann do not want to pay rent anymore

Fashion retailer H&M does not want to pay any more rent for its stores in Germany. The retailer claims that the corona crisis led to the shutdown of all of its 460 H&M stores. “This is why we also informed … Continue reading

The shape(s) of things to come /// 5 theses for a new dawn

Many things have been written about these issues over the last few days. We have yet to see where this journey will take us. However, I tried to summarize what I deduced from these past, very eventful days in 5 … Continue reading

People’s perspectives will shift

By Thomas Mark I’m not a forecaster, but I am a student of people. As a global concern, we’ve been on high alert to the risks of coronavirus and the consequences of a crisis since it first made the news … Continue reading

intu: Statement on COVID-19 impact

All of intu’s centres in the UK and Spain are operating on a semi-closed basis. In line with the latest Government advice in both countries, only essential stores, such as supermarkets, pharmacies and banks, remain open. Rent for the second … Continue reading

11 points institutional landlords need to consider during this turbulent season

By Steffen Hofmann First: Safeguard the occupancy rate, in particular if you were forced to temporarily shut down parts of your property or the entire center operation even. Don’t lose sight of the big picture! There will be trade again … Continue reading

Community prevails

By Klaus Striebich There are lot of things being said, written, and posted right now. The current corona crisis affects us in significant ways. That is the main difference between this crisis and previous ones, such as Lehman Brothers, the … Continue reading

Josip Kardun joins Meyer Bergman as CIO

Meyer Bergman, the private equity real estate manager, has appointed Josip Kardun as Chief Investment Officer as it looks to expand its mixed-use focus across core European cities, with an increasing shift towards the office, residential and leisure sectors.During his … Continue reading

Mipim will not take place from June 2 to 5, 2020

The next edition of MIPIM in Cannes will take place March 16-19, 2021. The situation surrounding COVID-19 is changing daily and government measures are becoming increasingly restrictive. It is clear that holding a large MIPIM tradeshow in Cannes in June is … Continue reading


Test our new service right now! You can install the ACROSS Magazine App for free on your device with just a few clicks. Go to the Google Play Store with your Android smartphone or tablet or go to the App Store for iPhone and … Continue reading

A note to our future selves

By Lisa Quier Wagner The entire world is in the grip of an unprecedented and yet largely invisible threat at the moment, and the level of uncertainty around it is as crippling as the situation itself. In a world that … Continue reading