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THE LATEST PLACEMAKING NEWS

The list of retailers in Great Britain, who are temporarily shutting down their stores due to the corona crisis, continues to grow. For example, H&M and Zara recently announced that they will shut down their stores.

Arricano informs that in order to implement measures aimed at combating the spread of the COVID-19 pandemic, central and regional government authorities have made respective decisions to suspend the operation of shopping malls in Ukraine until April 3, 2020.

Based on preliminary figures, shopping center investor Deutsche EuroShop closed financial year 2019 with good operating figures that partially met or exceeded forecast. However, the financial implications for the 2020 financial year of the continued spread and unpredictable duration of the corona virus pandemic cannot be quantified at this stage.

LPP will provide isolation hospitals with face masks worth PLN 1 million – the first batch of 3300 pieces has already been delivered to the isolation-only hospital in Gdańsk.

Temporary declines in rental income from the retail business should be largely offset on a cash flow basis by the cost savings programme currently in progress. VIVO! and STOP SHOP demonstrate their relative competitive strength in a difficult market environment with a high share of goods for everyday needs and generally low facility costs.

Due to the Covid-19 situation the H&M group will temporarily close all its stores in Germany (460*) from March 18, based on decisions by the German authorities. In addition, the group is also closing all its stores for two weeks in the US (590*), Canada (96*), Portugal and Belgium from March 17.

The management board of Żabka Polska, the owner of the largest chain of convenience stores in Central and Eastern Europe, decided to transfer over €1 million for activities addressing the epidemiological threat. The company sent an official letter to the Prime Minister and declared full support in ensuring the safety of all Polish citizens.