Tag: turns

Anxiety Marketplace turns stress shopping into a way to help others

When Jolie DeFeis is anxious, she likes to indulge in some retail therapy. And she was definitely feeling anxious.

It was March and the Brooklyn resident, 27, had just lost her job in product operations at the fitness app Classpass when the COVID-19 pandemic started shutting down businesses. A company whose business model hinges on people frequenting dozens of different gyms and boutique studios each month was among the first to close — and will likely be among the last to return.

Courtesy Jolie De Feis
Courtesy Jolie De Feis

With the stay-at-home order in full effect by the end of March, DeFeis went

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Pandemic turns Europe’s retail sector on its head as shoppers stay close to home

By Victoria Waldersee

LISBON (Reuters) – City centre shops and malls may have lost their lustre during the COVID-19 pandemic, but as lockdowns ease across Europe many stores in and around residential areas stand to benefit as consumers remain reluctant to venture far from home.

While retail sales appear to be rebounding – surging 17.8% in the euro zone in May and approaching pre-lockdown levels in Britain in June – shoppers are increasingly staying local, leaving Europe’s most renowned shopping districts from London’s West End to Berlin’s Kurfürstendamm struggling in the absence of office workers and tourists.

On Germany’s main

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Coronavirus lockdown turns high streets and shopping centres into ghost towns

Britain’s high streets have suffered their biggest decline in footfall on record as the coronavirus lockdown leaves retailers fighting to say afloat.

The number of shoppers fell more than 80pc during April, analysis reveals. 

Figures released by Springboard show shopping centres and high streets were worst hit with footfall dropping as much as 85pc.

Retail parks fared comparatively better with supermarkets remaining open and DIY and home stores reopening in recent weeks.   

With garden centres set to be re-opened on Wednesday, retail industry leaders said that re-opening should be based on safety rather than business type. 

Springboard found that there

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