We are in a textile/fashion business we have 140 big stores and online activity. Approx 250 Mln Euro turnover. The shops are closed since 17 March and government announced that the closure will be until at least end of April . Our business was already under very much pressure and fashion is nowadays deflationary, prices are dropping continuously. Online sales are neglectable because most people are busy with food, survival and Netflix. So this becoming a complete disaster and will result in massive lay offs and eventually consolidation or bankruptcy/closure. No way out. And will be impossible to built up such a retail structure in the coming years for us' as the ROI is way too low.
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