Perfect for all you 3am shoppers…
Due to the closure of all non-essential stores, many outlets have seen their profits take a major hit this year.
Penneys, and the UK chain Primark, are estimated to have lost out on over €2.2bn/£2bn of sales this year as a result of the coronavirus pandemic, and are looking forward to the end of the restrictions in December, and ways they can potentially get their profits back up.
Earlier in the week, the idea of online shopping was nixed by the company’s CEO, primarily because their product prices were low and they did not have the logistics in place to set up the system.
George Weston, the chief executive of Associated British Foods (who own Penneys/Primark), spoke to The Guardian about alternative plans, which include “24-hour trading should be possible in some locations to help enable social distancing”.
Speaking on the plans, Weston said “It would be great if, for the time they do allow us to trade, they allow us extended hours through to Christmas. That would allow more people through stores safely. It would allow more shoppers to do their Christmas shopping on the high street and us to sell through some of our stocks we have in stores and depots.”
Currently, non-essential stores will reopen once the Level 5 restrictions have been lifted on Wednesday, December 2.
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