Zombies have earned the label of companies that cannot make a profit in the long run, and their survival depends purely on the external assistance of governments or central banks. “The problem of zombie companies is emerging after every global crisis,” explains Pavel Sobíšek, chief economist of UniCredit Bank. According to him, tens of thousands … Read more
GAP leaves Europe. Forever. The popular American clothing brand has in fact decided to close all its European stores. The crisis is not of now (the first closures had already begun in 2015), but Covid has contributed to giving the final blow. – And so the 2,500 employees scattered in stores in Italy, Spain, France … Read more
In order to renew and supplement the wardrobe in Latvia, 76% of the surveyed buyers intend to include an amount not exceeding 100 euros, mainly when purchasing new autumn shoes, according to a survey of the shopping center “Domina Shopping”. Of these, 42% plan to allocate no more than 50 euros for this purpose. Meanwhile, … Read more