Coronavirus – Retail & FMCG Updates From Sweden
As part of our efforts to keep you, the ESM reader, notified on the latest coronavirus-related developments in the retail and consumer goods sectors, here are the latest news updates from Sweden. Click the link in each snippet to view the full story. To return to the map, click here.
The Willys supermarket chain was the standout performer for Swedish retailer Axfood in what the operator described as a 'turbulent' first half of its financial year.
Swedish hygiene products group Essity has reported a marginal rise in its second-quarter core earnings as the initial bulk-buying of toilet paper and other products eased as countries emerged from the lockdown.
Svensk Handel, a group that represents the retail and wholesale trade in Sweden, has launched a campaign to create safe retail environment for customers and employees in collaboration with Handelsanställdas förbund (Trade Employees' Association).
Swedish hygiene products company Essity AB has started the production of surgical face masks that are considered a moderate barrier against the spread of viruses such as the novel coronavirus.
Some 30% of Swedish retailers fear that they would be forced to close their operations in the event that the coronavirus crisis were to persist for another two months, a study has found.
Svensk Handel, the group that represents the Swedish retail and wholesale trade, has welcomed the decision to increase the limit for contactless payments from SEK 200 (SEK 200) to SEK 400 (€36.43).
Sweden's economy is set to shrink 4% this year the coronavirus outbreak hits supply and demand, a plunge rivalling that experienced during the global financial crisis more than a decade ago, Finance Minister Magdalena Andersson has said.
Coop Sweden has announced that it has added delivery slots for elderly online shoppers to ensure that everyone has access to food during the coronavirus crisis.
Hygiene products giant Essity has increased its output to full capacity to cope with higher demand across markets, especially for toilet paper, as the coronavirus has driven consumers to stockpile.
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