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The impact of the COVID-19 pandemic on the fashion industry was primarily caused by the sudden and global store closures worldwide which strongly impacted the fashion industry. The complete absence of revenue from physical stores caused a deep drop of revenue for fashion retailers, a complete reconfiguration of the stocks for fashion brands ...
The COVID-19 pandemic has taken a sharp economic toll on the retail industry worldwide as many retailers and shopping centers were forced to shut down for months due to mandated stay-at-home orders. As a result of these closures, online retailers received a major boost in sales as customers looked for alternative ways to shop and the effects of ...
In March 2020, TFG announced that, during the on-going COVID-19 pandemic, the company would cease to pay rents for its retail locations during the resultant lockdowns in South Africa. [ 3 ] [ 8 ] During the course of 2020, TFG acquired the chain of Jet stores from an ailing Edcon , further expanding their footprint as a retail conglomerate.
On 28 March, Fitch Ratings downgraded the UK's government debt rating from AA to AA−, because of coronavirus borrowing, economic decline, and lingering uncertainty over Brexit. The ratings agency believed the UK's government deficit for 2020 might equal 9% of gross domestic product (GDP), compared to 2% the previous year. [ 87 ]
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The Africa Centres for Disease Control and Prevention, World Health Organization and COVID-19 Africa Open Data Project [271] have collected and reported continent-wide data on the number of cases, recoveries and deaths. The COVID-19 Africa Open Data Project provides additional data on healthcare workers infected, health services, urgent needs ...
As of 5 June 2020 the death rate across the UK from COVID-19 was 592 per million population. [11] The death rate varied greatly by age and healthiness. More than 90% of deaths were among the most vulnerable: those with underlying illnesses and the over-60s.
The COVID-19 pandemic in South Africa was part of the pandemic of coronavirus disease 2019 caused by the severe acute respiratory syndrome coronavirus 2 ().. On 5 March 2020, Minister of Health Zweli Mkhize had confirmed the spread of the virus to South Africa, with the first known patient being a male citizen who tested positive upon his return from Italy. [4]