Tag: Retail

Coronavirus: Chinese retail giant Alibaba sees ‘recovery’ after virus

Image copyright Getty Images Chinese e-commerce giant Alibaba said it has seen a “steady recovery” in the country since March, but warned that the path to an economic rebound remains uncertain. The firm’s sales grew 22% in the three months to 31 March, despite virus-related restrictions denting activity. The gain was stronger than expected, driven by demand for groceries, electronics… Read more →

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Coronavirus: Retail sales plummet as pandemic takes hold

Image copyright Getty Images Image caption Scotland’s major shopping streets have been eerily quiet during lockdown Scotland’s high streets took a massive hit last month as the full effects of the coronavirus pandemic took hold, according to a regular survey. Total sales plummeted year-on-year by 40.3% – the biggest fall recorded since the SRC-KPMG retail sales monitor began in January… Read more →